Estimated 2008 Financial Results under RAS

In 2008 estimated assets of Bank Saint Petersburg under RAS amount to RUR 200 billion

Estimated assets of Bank Saint Petersburg for 2008 under RAS amount to RUR 200 billion. In 2008 assets grew by 56%. The growth rate exceeded the average asset growth rate in the Russian banking sector and in spite of the challenging market conditions is completely on a par with the management’s forecasts announced at the beginning of the year.

Estimated balance sheet income for 2008 increased by 25% to RUR 3.8 billion compared to balance sheet income for 2007.

At the end of December the Bank raised the 6-year EUR 36.7 million subordinated loan from its shareholders. The loan has been approved by the Central Bank of Russia as an additional capital which allowed Bank Saint Petersburg to increase its total capital to expected RUR 23.3 billion.
«We’ve met all the targets which were set by our shareholders and regard the uneasy year 2008 successful for our Bank,” – Alexander Savelyev, Chairman of the Management Board, comments. – “The subordinated loan from our shareholders is the best sign of their confidence in the Bank’s prospects”.

In 2008 the number of Bank’s corporate clients increased by 8 000 and reached 34 000 corporates; the number of retail customers increased by 180 000 and reached 770 000 individuals. 20 000 clients started using Internet-Bank. The Bank set into service more than 100 new ATMs; as at the end of 2008 the Bank’s card network comprised of 405 ATMs. In 2008 the number of cards issued by the Bank exceeded 580 000.

The most significant events on the capital market were the raising of USD 100 million syndicated loan (the EBRD acted as a lead arranger) and USD 35 million bilateral loan from KfW IPEX-Bank. In aggregate in 2008 Bank Saint Petersburg attracted more than USD 250 million on the capital markets.

In 2008 Bank launched Internet-Bank for corporate customers and the portable pocket computer version of its Internet-Bank system for retail customers. At the end of year a reserve data processing centre was put into operation. It enhanced security of Bank’s IT systems and IT transportation channels.

16.12.2008 Third Quarter 2008 IFRS results

08.12.2008 Bank Signed Up Agreement with City Hall

04.12.2008 3Q08 Webcast and Conference Call Invitation

20.11.2008 Results of TOP 100 Contest

01.11.2008 Unique Bank Card

13.10.2008 Bank launched PPC version of its Internet-Bank

07.10.2008 Bank’s Preliminary Results for 9 months 2008 under the Russian accounting standards

03.10.2008 We are 18 years old today!

01.10.2008 New resources for small business

17.09.2008 1H 2008 IFRS Results

29.08.2008 Bank places cash funds of ZhKH

05.08.2008 Bank made a gift to the City

17.07.2008 1H08 performance of Bank Saint Petersburg

30.06.2008 Refund of Interest Costs to Small Business

26.06.2008 Bank places cash funds of GK “Rosnanotech”

25.06.2008 Bank’s Information System Was Audited for PCI DSS Standard

19.06.2008 Bank entered $35m Loan Agreement with KfW IPEX-Bank

11.06.2008 Bank Raises A New USD 100 Mln Syndicated Loan

10.06.2008 First Quarter 2008 IFRS results

09.06.2008 Fitch Upgrades Bank Saint Petersburg to ‘B+’, Outlook Stable

04.06.2008 V. Skatin was appointed a member of the Bank’s Management Board

28.05.2008 1Q08 Webcast and Conference Call Invitation

27.05.2008 Changes in the shareholding of Bank

15.05.2008 V.Skatin was appointed Vice President of Bank

12.05.2008 Bank’s GDR program is close to completion

07.05.2008 Bank’s Performance for the 1st Quarter 2008

29.04.2008 Annual Meeting of Shareholders of the Bank

25.04.2008 Bank – a leader on the mortgage market

22.04.2008 The Bank rearranges its branch network

18.04.2008 The Bank issued its 500,000th card

15.04.2008 Bank IFRS 2007 results

08.04.2008 Alexander Savelyev – Best Banker of Russia

03.04.2008 Notice of 2007 results

20.03.2008 Supervisory Board recommended dividends for 2007

28.02.2008 Agenda for the Annual Meeting of Shareholders is approved

27.02.2008 Bank changed its Registrar

11.02.2008 Bank’s press conference

29.01.2008 Fund issues guarantees to small business

28.01.2008 The MICEX Stock Exchange served as a floor for discussion the potential of bank equity liquidity growth

22.01.2008 Bank announced ITS RAS financial results for 2007

17.01.2008 Appointment of a Deputy Chairman