Penza, 13 November 2015. PenzaNews. The Penza Bank Kuznetsky has summarized its financial activities over the first ten months of 2015.

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Compared to 2014 month-to-month, the total revenue of the company increased by 44%, interest income grew by 20%, currency income rose by 29%, and commission income grew by 10%.

At the same time, aggregate expenditure increased by 32%, accompanied by an overall increase of operational expenses by 7%.

As of November 1, 2015, the income of Bank Kuznetsky exceeded 1.3 billion rubles, with a net interest profit of 439 million rubles, and pre-tax gross profit before provision at 37.6 million rubles.

The bank assets by beginning of November reached 4,082,500,000 rubles, growing 5% year-to-year, and the capital base reached 551.3 million rubles, with a gain of 2%, thanks to this year’s profit and increased equity capital.

Since the beginning of the year, the bank has provided over 4.4 billion rubles of loans to companies and individuals, which is 5% more year-to-year.

The November 1 corporate credit portfolio was calculated at over 2 billion rubles, which is 24% more than in the beginning of the year, while individual credit portfolio for the same date reached 746 million rubles.

According to information of Bank Kuznetsky, the company’s investment portfolio increased by 88% since year’s beginning, up to 278.3 million rubles, and individual deposit fund balance on November 1, 2015, reached 2,448,600,000 rubles. It demonstrated a growth of 383 million rubles, or 19%, while the same period last year only showed a growth of 2.5%.

According to current information, the capital adequacy standards on November 1, 2015, are: H1.1 – 9.1% versus the Bank of Russia minimum of 5%; H1.2 – 9.1% versus the minimum of 6%; H1.0 – 12.14% versus the minimum of 10%; H2 – 34.59% versus the minimum of 15%; H3 – 86.89% 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.