Locko-Bank in TOP 30 most profitable banks in Russia

Locko-Bank is among the TOP30 most profitable banks in the Russian Federation as of October 1, 2015. LOCKO took 28th position in bank rating by profit volumes published by "Kommersant" newspaper. The rating was based upon banks’ balance-sheet data officially published on the website of the Central Bank of the Russian Federation.

As of October 1, 2015 Bank’s profit for 9 months amounted to RUB 1.76 billion, showing 134% increase compared to the same period last year. Also, due to excellent risk management system and well-balanced business model, Locko-Bank managed not only to preserve high quality of its assets, but also to increase them by 22% in the first 9 months of 2015, which allowed the Bank took the 65th place among the largest Russian banks by net assets.

Despite the unstable economic situation Locko-Bank intends to continue the achievement of planned performance indicators, along with maintaining of constant risks and costs control to ensure a positive financial result and high level of bank’s reliability.