OREANDA-NEWS. March 23, 2012. By results of the first two months of 2012 Kreditprombank has shown positive financial result, reported the press-centre of Kreditprombank.

"During the whole last year Kreditprombank worked with profit: by results of the year the profits of the bank before tax and provisioning amounted to UAH 130.5 MIL", - notes Viktor Leonidov, Chairman of the Management Board. - "However, in order to ensure the overall financial stability at the end of 2011 we made additional provisions against active operations in amount of UAH 838. 2 MIL, that affected adversely the final financial result, which was negative. The bank consciously made this step. The objective assessment of loan portfolio and its quality covering with provisions ensures us against contingent losses and the customers – against risks in cooperation with bank. At the same time it allows us to plan clearly and to expand consistently our presence in the market. Actually we show the positive financial result again", - underlines Viktor Leonidov.

As a reminder, by results of 2011 rating agency "Expert Rating" increased credit rating of PJSC "Kreditprombank" up to the level uaBBB+ according to the national scale, and also changed the rating forecast for "positive" one. As it is noted in the agency’s report, both management and shareholders of the bank could in time and promptly concentrate necessary resources for neutralization of still remaining negative consequences of financial crisis, that is proved by the level of provisions made against loan depreciation and volume of replenishment of equity. As a result Kreditprombank continues to develop itself steadily: raise financial resources and strengthen its business positions in the domestic market of banking services.