20.07.2012

Bank Saint Petersburg summarized its performance for 1H 2012 under RAS

Financial highlights for 1H 2012 under RAS:

  • Net Income for 1H 2012 amounted to RUB 153 million;
  • As at July 1, 2012, the Bank’s loan portfolio amounted to RUB 237.9 billion (+6.3% compared with April 1, 2012);
  • As at July 1, 2012, capital adequacy ratio (N1) amounted to 11.7%

Bank Saint Petersburg was ranked 15th in terms of assets and 17th in terms of retail deposits among the Russian banks (Interfax ranking) as at July 1, 2012. As at July 1, 2012, the number of cards issued by the Bank is 742 thousand; the Bank’s card network comprised of 528 ATMs. Today, the Bank provides services to more than 1.2 million individuals and 37 thousand corporates. At present Internet-Bank is actively used by 155 thousand clients.

Net Interest Income for 1H 2012 decreased by 9.9% to RUB 5.8 billion compared with 1H 2011. Net Fee and Commission Income for 1H 2012 increased by 8.4% compared with 1H 2011 and amounted to RUB 995.2 million. Net Trading Income for 1H 2012 amounted to RUB 2.6 billion (+286.6% compared with 1H 2011). Profit before Tax for 1H 2012 amounted to RUB 1.2 billion. Net Income for 1H 2012 amounted to RUB 152.9 million; it was significantly affected by the amount of income tax advance payments in 2Q 2012, considerable part of which will likely to be returned in 2H 2012.

Bank’s assets decreased by 2.5% compared with April 1, 2012 and amounted to RUB 333.7 billion.

Liabilities. As at July 1, 2012, customer accounts amounted to RUB 237.4 billion (+ 1.2% compared with April 1, 2012). The corporate customer accounts amounted to RUB 144.4 billion (-3.6% compared with April 1, 2012). Retail customer accounts amounted to RUB 92.9 billion (+9.7% compared with April 1, 2012).

As at July 1, 2012, Bank’s total capital calculated under the CBR regulations amounted to RUB 39.9 billion (+0.3% compared with April 1, 2012). As a result, the capital adequacy ratio as at July 1, 2012 amounted to 11.7% provided the required regulatory minimum is 10%.

Loan portfolio. Compared with April 1, 2012, the loan portfolio grew by 6.3% to RUB 237.9 billion. Corporate loan portfolio grew by 6.1% to RUB 216.1 billion. Retail loan portfolio increased by 7.9% to RUB 21.8 billion.

Provisions amounted to RUB 24.5 billion. Provisions to loans ratio amounted to 10.3%. As at July 1, 2012, the share of the overdue loans amounted to 3.89%; the level of coverage of the overdue loans by provisions amounted to 264%.

1H 2012 RAS Financial Statements are available on the Bank’s website: http://www.bspb.ru/2059/