LOCKO in TOP20 most profitable banks in Russia

Locko-Bank is among the most profitable banks in the Russian Federation as of August 1, 2015 following the rating based on data compiled by the National Rating Agency, published by "Profile" magazine.

Due to a balanced business model and excellent risk management Bank performed good profitability at the end of 1H 2015 and took the 19th position in the ranking of the Most profitable banks in the Russian Federation. At the end of six months of 2015 Locko-Bank recorded profit of RUB 1.6 billion, showing an increase by 224% compared to the same period in 2014. In addition, assets of the Bank grew by 21,2% and reached RUB 95.3 billion in 1H2015.

Rapid financial performance growth was due to substantial increase in operating income by 137% in 1H2015 along with considerable reduction of cost to income ratio (CTI) to 41.7% versus 50.3% in 1H2014.