January 13, 2014. Bank Koltso Urala came up with a preliminary financial report for 2013. According to the bank’s Economics & Business Planning Department’s Head Evgeny Aleksenko, the bank’s pre-tax profit exceeded 700m RUR last year, and the year’s profitability amounted to the impressive 28%. The bank’s net profit comes to some 555.5m RUR for the twelve months of 2013, the bank’s press service reports.

Besides, the bank’s balance sheet total increased by 6bn RUR, which was more than 12% than a year earlier.

Aleksenko says that in 2014, the bank will keep on implementing its strategy aimed at improved business processes, lower operating costs, and improved assets and liabilities ratio.

‘Perfecting our customer services, creating more banking products for both private individuals and corporates (especially commission-based services), customer base development and further efforts targeted at enhancing the efficiency of internal processes. These are the steps Koltso Urala intends to take in this new year. Consistent efforts in this area have proven efficient over the last twelve months, which resulted in more customers and therefore increased profits,’ he said.