Кредиты
Вклады и счета
Банковские карты
LOCKO-BANK announced its consolidated financial statements for the first half of 2018 according to IFRS with the KPMG Independent Auditors’ Report.
LOCKO-Bank’s Profit before tax amounted to RUB 0.8 bn and net profit - RUB 0.6 bn for six months of 2018.
Operating income decreased by 5.6% compared to the first half of 2017 and amounted to RUB 3.6 bn.
The share of net fee and commission income in Operating income structure grew to 37.2% compared to 23.5% in the first half of 2017.
Retail loan portfolio net of allowance for impairment amounted to RUB 37.6 bn performing a 14.3% growth. The growth of the loan portfolio is subject to increase in the incoming flow of loan applications as a result of the launch of wide advertising company with the same level of approval of applications and risk appetite. The high quality of the loan portfolio continues to be a priority for the Bank. Thus, according to the results of the first half of 2018, the share of non-performing loans in the loan portfolio (NPL 90+) decreased and amounted to 6.5%.
As of June 30, 2018 the Bank was represented by 50 branches in 21 economic regions of Russia.
Alexey Parfenenok, CFO commented:
«In the first half of 2018, the results of LOCKO-Bank demonstrate the consistent implementation of the Bank's strategy for the formation of a stable client business along with credit risk minimization, which is confirmed by the growth in the share of fee and commission income in the structure of operating profit. Maintaining the interest margin at a consistently high level, together with the growing quality of the loan portfolio in each of the individual segments, allows the Bank to successfully overcome periods of instability in the financial markets.»