Despite an extremely difficult year for banks like ours, servicing Turkish businesses in Russia, ProCommerce Bank completed 2016 with positive net operating income and stable financials.

• Despite a contracting economy in 2016, ProCommerce Bank completed the year with positive financial results: Net Interest Income of Rub 69.0 million, Net Commission Income of Rub 62.5 million, and Operating Income resulting in Rub 140.9 million, which is only 10.4 % below their 2015 levels.

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The Central Bank of Russia (CBR) completed full audit of our bank for past 3 years

• CBR has conducted a 3 year full audit of ProCommerce Bank, covering all areas including quality of loan portfolio and related provisioning, liquidity, operations, FX position, compliance with CBR ratios and full regulations on risk management, internal control, currency control, financial monitoring of its operations, and others.

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  As of the end of June 30^st, 2016, according to financial reports submitted to the Central Bank of Russia, the bank’s asset size increased to 538.75 million rubles, while customer funds entrusted with the bank exceeded 200 million rubles. Shareholder’s equity  reached 330.5 million rubles as of June 30^st  2016.

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