Bank Saint Petersburg released 1Q 2020 IFRS Results on May 26, 2020
Conference call to discuss the results hosted by Konstantin Balandin, Deputy Chairman of the Management Board, Stanislav Filatov, Vice-president, CFO, Konstantin Noskov, Vice-president, Head of Strategy, and Ruslan Vasilev, Head of IR, took place on Tuesday, May 26, 2020.
Bank Saint Petersburg Approved Amendments to Strategy 2018–2020
The Bank’s Supervisory board has approved amendments to the Bank’s Strategy 2018-2020. This document confirms the following additional strategic goals:
- To become the best private bank for corporates in the regions of operation;
- To become one of the leaders in terms of online sales and operations, while maintaining a position of the most efficient digital classic Russian bank;
- To become one of the leaders on the EXIM market.
The amendment of the Strategy provides for the positioning of the Bank as the Bank of two capitals, which implies the intensification of work in the Moscow region market in the direction of the transaction business of the small and medium segments, as well as with the growth of large corporate business with an increase in the share of Moscow from 30 to 40% of the corporate loan portfolio of the Bank.
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.