Bank Saint Petersburg released 1H 2018 IFRS Results on August 28, 2018
Conference call to discuss the results hosted by Konstantin Balandin, Deputy Chairman of the Management Board, Konstantin Noskov, Vice-president, Head of Strategy, and Elena Demicheva, Head of IR, took place on August 28, 2018.
Bank Saint Petersburg Announced Share Buyback
During its August 2, 2018 meeting, the Supervisory Board of Bank Saint Petersburg has resolved to acquire 12,000,000 ordinary shares of the Bank in book-entry form. The approved price of acquisition is RUB 55 per share. Shareholders' offers for the sale of their shares to the Bank may be submitted from September 7, 2018 to October 7, 2018.
Bank Saint Petersburg Approved Strategy 2018–2020
In February 2018, the Supervisory Board approved the Bank’s Strategy for 2018–2020. The newly adopted strategy sets out the following main strategic goals: to achieve sustainable ROAE of 15%+ while remaining among the top 20 Russian banks in terms of assets, triple the Bank’s market capitalization and increase revenues from transactions by 50%. The key drivers to achieve these goals will be transaction banking development and mass business expansion in the corporate segment.
Listing Upgrade to Level 1
Moscow Exchange, in accordance with its Listing Rules, decided to add the ordinary shares of Bank Saint Petersburg from October 28, 2016 to the Level 1 List of securities admitted to trading.
The inclusion of BSPB ordinary shares in the MOEX top listing level proves that Bank Saint Petersburg conforms to the highest corporate governance standards and aims to achieve the maximum level of openness in dealing with its current and potential investors.
The Bank's ordinary shares (state registration number 10300436В, ISIN RU0009100945) are traded on the stock market of the Moscow Exchange with ticker symbol BSPB.