UrBC, Yekaterinburg, April 30, 2020. NEYVA Bank’s assets rose by 2.3% in January-March 2020, from RUB 8.4bn to RUB 8.6bn.

According to the bank’s financial report, NEYVA Bank’s capital went up by 22.1% in the first quarter of 2020 and amounted to RUB 706m, while net profit amounted to RUB 61m. The amount of funds placed by private customers and businesses on deposits rose by 1.3%, from RUB 7.6bn to RUB 7.7bn.

‘During the first quarter of the year, the bank managed to both improve its key financial performance indicators and keep on expanding into the non-capital constituencies geographically; the bank also came up with a range of new products and services for its customers. For one, NEYVA Bank resumed issuing loans to businesses in January and launched a credit card with a 100-day grace period for private customers in March. Besides, a new offline loan desk opened in Saint Petersburg last month as well,’ the bank’s press service says.

Additionally, the bank updated its terms and conditions, improving them for businesses during the economically and socially challenging times.