Krasnodar, 25 July – Yug Times. Our today’s interviewee is Nina Chuprynnikova, Chair of the Board of “Kuban Credit” Commercial Bank.
“The first six months of the year were rich in events. Say, on 13 June, 2019 the Analytical Credit Rating Agency (ACRA) confirmed Kuban Credit Bank’s credit rating at the BB+(- RU) level with a ‘stable’ forecast. Forbes again included our bank into the top hundred of Russian credit institutions as regards reliability factor.
“Since the beginning of this year, the Bank’s net assets grew by 3% to reach 102 billion roubles. The capital grew by 4% to 11.6 billion roubles. The net profit equaled to 516 million roubles. We have for a long time been in the list of Russia’s Top-70 banks on the volume of assets, in the Top-25 on mortgage crediting, and in Top-10 on issuance of credits to small and midsize businesses.
“Over the past six months, the number of our clients – legal entities – grew to 34,000. The volume of credits issued to real economy amounted to 23 billion roubles. Our corporate credit portfolio showed a 9% growth and reached 52.5 billion roubles. Deposits of legal entities exceeded 16 billion roubles.
“According to ‘Expert RA’ rating agency, in 2018 Kuban Credit Bank joined the top ten Russian banks on the volume of credits issued to small and midsize businesses. Currently over 80% of our corporate credit portfolio is credits issued to such businesses.
“Our effective performance has been noted by the Ministry of Economic Development, which included our Bank into the list of organizations that participate in the governmental program of soft lending, ‘8.5’. Since 1 March 2019, when Kuban Credit Bank concluded an agreement with the Ministry, we have financed 45 projects at a preferential rate of 8.5%. The total amount of loans has exceeded 3 billion roubles.
“The credit portfolio of agricultural companies is also growing. Presently, its share in the Bank’s total credit portfolio exceeds 35%. Since the beginning of this year, we have signed about 150 credit agreements for the total of more than 1.8 billion roubles.
“Currently Kuban Credit Bank serves more than 360,000 private clients, whose deposits have grown by 5% to 66.8 billion roubles since the beginning of the year.
“This year we have tested a new format – at our main office, we opened a Mortgage Centre which makes conclusion of mortgage credits much easier. Over the first month of its work, the Mortgage Centre raised the number of issued loans by 1.5 times. Altogether, the Bank issued more than a thousand mortgage loans in the first six months of the year, to the total amount of 1.8 billion roubles.
“We opened two new subsidiary offices in Goriachy Kluch and Gulkevichi, so that on July 1 our network consisted of 149 offices. By the end of this year, we plan to open subsidiary offices in Krylovskaya, and Taganrog and Salsk [in Rostov province].
“Kuban Credit Bank is a socially responsible institution. For several years, we have been a flagship of the Southern Federal District in teaching people financial competence.
“Since 2014, the Bank has been pursuing the corporate policy called ‘With care for senior citizens!’, meant to support retirement-age people. Presently, Kuban Credit Bank serves over 130,000 retirees.”
“Our Bank is committed to further perfection of our customer service. We will develop new products and services with due regard for the current market trends, and introduce state-of-the-art technologies to expand our clientele.”