Profile of the Bank
Bank Saint Petersburg is the largest privately-owned universal bank in North-West Russia and plays an important and constructive role in the development of the Russian banking system, which is the same age as the Bank. As at January 1, 2016, Bank Saint Petersburg was the 17th largest bank by assets and 14th largest by retail deposits among the Russian banks.
In 2015, the Bank celebrated its 25th anniversary, which is a significant age for a Russian bank that, confirms its strong position in the financial market. Today, the Bank is proud of its market share, the long-term relationships it has with its clients, its strong team of professionals and impeccable reputation.
In a quarter of a century, Bank Saint Petersburg has become the largest Russian regional bank with a strong and positive brand which has won the trust and support of its customers: today the Bank provides services to 1 600 000 individuals and more than 56 000 corporates, including major companies located in St. Petersburg. As at January 1, 2016, the Bank’s customer service network comprises 57 outlets (46 in St. Petersburg), 7 mortgage lending centers, 3 car lending centers and 728 ATMs.
The key market for the Bank remains St. Petersburg, which accounts for 72% of loans and 86% of deposits. The Bank has an expert knowledge of the region, responding promptly to customer needs and market changes. The Moscow branch accounts for 24% of loans and 11% of deposits and the Evropeisky Branch in Kaliningrad 4% and 3% respectively. Business is also diversified by industry and lending volumes.
Bank Saint Petersburg is the first bank during the last 100 years that has designed and built its own headquarters in St. Petersburg. The ultramodern Head Office was opened in 2011 and became the embodiment of the most advanced technologies in the fields of engineering solutions and in the sphere of customer service.
The Bank is one of the national leaders in applying high technology solutions. When opening new offices, the Bank is introducing the "office of the future" concept and at the same time actively developing its business in the digital environment. As at January 1, 2016, the Internet Bank had 600 000 users, accounting for 1/5 of the economically active population of St. Petersburg.
Bank Saint Petersburg became the first privately-owned Russian bank to complete an IPO at the end of 2007, as this guaranteed not only new equity, but also a new level of reliability and reputation. Today, Bank Saint Petersburg is listed on the Moscow Exchange. The IPO of Bank Saint Petersburg maintains to this day the status of one of the most successful IPOs among Russian banks.
First and foremost, Bank Saint Petersburg is a city bank whose task is to contribute to St. Petersburg’s future by providing high quality banking services to the residents of the city and local companies. The Bank pays special attention to financing programs related to the city life of St. Petersburg by providing loans to all spheres of industry and production facilities, and actively developing credit programs focused on small and medium enterprises (SMEs). The Bank follows the principles of corporate social responsibility and supports city programs aimed at improving the social and economic climate of St. Petersburg.
STRATEGY 2016 – 2018
In December 2015, the Supervisory Board approved the Bank’s new Strategy 2016-2018: sustainable growth at maximum capacity. The key priority is sustainable growth, both organic and by potential mergers and acquisitions, while maintaining a sufficient cushion of the Bank’s capital, operational efficiency and moderate risk appetite.
The key financial goal remains the long-term growth of shareholder value and ROAE recovery to 15% on the horizon till 2018.
The strategic priorities remain the further lowering of credit risks to increase the share of retail loans, as well as developing innovations in order to strengthen leadership in the digital environment today and over the next 3-5 years.
Annual growth of the loan portfolio is expected to reach 11-15% with an outperforming pace in retail, while the share of loans to individuals will increase to 20% of the loan portfolio by 2018.
In addition, it is planned that 7% of the loan portfolio in 2018 will be accounted for by loans in new regions. In the first stage, the Bank will be opening representative offices in Novosibirsk, Ekaterinburg and Krasnodar.
Stages of Strategic Development