Locko-Bank in TOP 25 most profitable Russian banks

Locko-Bank is among the TOP 25 most profitable banks in the Russian Federation as of January 1, 2016 according bank ranking by profit volumes published on Banki.ru. The rating was based upon Banki.ru methodology using disclosed statements of Russian financial institutions on Central bank web site.

As of January 1, 2016 Bank’s net profit amounted to RUB 2.9 billion, showing 240% increase compared to the same period last year. Also, due to excellent risk management system and well-balanced business model, assets* grew at the end of 2015 more than 24% and reached RUB 103.27 billion.

Throughout 2015 Loсko-Bank has demonstrated positive dynamics of key indicators of profitability and efficiency, maintaining adequative level of capitalization. Based on an effective business model Locko will continue to achieve planned objectives along with maintaining of constant risks and costs control to ensure a positive financial result and high level of bank’s reliability.