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Penza Bank Kuznetsky sums up financial activities over 10 months of 2016

13:05 | 24.11.2016 | Economy


Penza, 24 November 2016. PenzaNews. The Penza Bank Kuznetsky summed up its financial activities over the first 10 months of 2016.

Penza Bank Kuznetsky sums up financial activities over 10 months of 2016

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As the press service of the financial institution told PenzaNews, compared to 2015 month-to-month, general incomes of the institution increased by 9.2%, interest incomes – by 5%, net commission incomes – by 29%, aggregate expenditures – remained at the same level.

As of November 1, 2016, PJSC Bank Kuznetsky incomes exceeded 651.9 million rubles, net interest income amounted to 189.7 million rubles, net commission income – 149 million rubles, pre-tax gross profit before provision – more than 91 million rubles.

The bank assets by the beginning of November reached 4.43 billion rubles, growing 8.5% year-to-year, and the capital base reached 538.8 million rubles.

Since the beginning of the year, the bank provided over 4.87 billion rubles of loans to companies and individuals, which is 9.7% more year-to-year.

The November 1 corporate credit portfolio was calculated at more than 2.2 billion rubles, while individual credit portfolio for the same date reached 700.6 million rubles.

According to the information of Bank Kuznetsky, the company’s investment portfolio on November 1, amounted to 2.2 billion rubles. Individual deposit fund balance demonstrated a growth of 491.5 million rubles, or 46.7%.

According to current information, the capital adequacy standards on November 1, 2016, are: H1.1 – 8.79% versus the Bank of Russia minimum of 4.5%; H1.2 – 8,79% versus the minimum of 6%; H1.0 – 11,31% versus the minimum of 8%; H2 – 43,81% versus the minimum of 15%; H3 – 71,96% versus the minimum of 50%.

The levels were calculated using the formulas developed by the bank itself.

Bank Kuznetsky was founded as a limited liability company and registered by the Bank of Russia on October 26, 1990, under No. 609. It was transformed into an OJSC on January 19, 2012, and into a PJSC on September 17, 2015.

On January 14, 2005, Bank Kuznetsky was included into the register of banks that are enrolled in the compulsory deposit insurance system under No. 428. In July 2015, AK&M rating agency confirmed the bank credit rating at “B++” on the national scale with a “stable” outlook.

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