1H08 performance of Bank Saint Petersburg

Bank’s 1H08 total assets increased 34 per cent. to RUR 167.3 billion as at 1 July 2008.  

Loans and advances to customers increased 33 per cent. to RUR 135.8 billion.

Bank’s equity increased 10 per cent. to RUR 19.5 billion as at 1 July 2008 compared to 1 January 2008.

1H08 balance sheet profit amounted to RUR 2.5 billion.

For the first six months of 2008 the Bank issued 53 thousand plastic cards (the total number as at 1 July makes up 523 thousand), the number of ATMs added 53 and amounted to 358 as at 1 July. As at 1 July 2008 the branch network of the Bank included 32 outlets in Saint Petersburg and four branches in Moscow, Kaliningrad, Nizhny Novgorod and Priozersk. According to Saint Petersburg Mortgage Agency the Bank ranks 3-d on the mortgage market of Saint Petersburg at the end of 2Q08.

In June 2008 the Bank entered into USD 100 mln syndicated loan facility, arranged by European Bank for Reconstruction and Development. The proceeds will be used by the Bank to finance its corporate clients as well as lending to SME and individuals.

Furthermore, in June 2008 Fitch Ratings increased a long-term issuer default rating (“IDR”) of Bank Saint Petersburg from “B” to “B+” “stable” outlook.