Bank Saint Petersburg assessed its performance for FY 2012 under RAS*.
* These results may be subject to change following the subsequent events and the annual audit for FY 2012. The numbers as at January 1, 2012 include the effect of the subsequent events; the numbers as at January 1, 2013 do not include the effect of the subsequent events.
Financial highlights for FY 2012 under RAS:
- Net Income for FY 2012 amounted to RUB 1.6 billion;
- Net Interest Income for FY 2012 amounted to RUB 11.3 billion;
- Net Fee and Comission Income for FY 2012 amounted to RUB 2.4 billion;
- Loan portfolio increased during FY 2012 by 6.1% to RUB 236.9 billion, retail loan portfolio increased by 32.8% to RUB 26.8 billion;
- Retail customer accounts during FY 2012 increased by 13.2% to RUB 96.1 billion.
Bank Saint Petersburg is ranked 15th in terms of assets and 18th in terms of retail deposits among the Russian banks (Interfax ranking). Today the Bank provides services to more than 1.2 million individuals and 37 thousand corporates. As at January 1, 2013, the number of cards issued by the Bank is 763 thousand; the Bank’s card network comprised of 547 ATMs. At present Internet-Bank is actively used by 162 thousand clients.
In 2012 the Bank broadened its range of SME loan products, launched credit cards issuing, presented to its customers a new and ultimately functional Internet-Bank, opened four new outlets, two mortgage lending centers and a car lending center.
Among the most significant events of 2012 were the placements of 3-year RUB 5 billion domestic bonds and 6-year USD 101 million subordinated eurobonds in October 2012.
Net Interest Income before provisions for FY 2012 amounted to RUB 11.3 billion (-11.4% compared with FY 2011). Net Fee and Commission Income for FY 2012 increased by 20.1% compared with the previous year and amounted to RUB 2.4 billion. Net Trading Income for FY 2012 amounted to RUB 3 billion (RUB 378.5 million for FY 2011). Profit before Tax for FY 2012 amounted to RUB 2.8 billion. Net Income for FY 2012 amounted to RUB 1.6 billion.
Bank’s assets amounted to RUB 351.1 billion as at January 1, 2013 (+8.3% compared with January 1, 2012).
Liabilities. As at January 1, 2013, customer accounts totalled RUB 243.7 billion (-1.3% compared with January 1, 2012). The corporate customer accounts amounted to RUB 147.6 billion (-8.9% compared with January 1, 2012). Retail customer accounts amounted to RUB 96.1 billion (+13.2% compared with January 1, 2012).
As at January 1, 2013, Bank’s total capital calculated under the CBR regulations amounted to RUB 42.8 billion (+11.4% compared with January 1, 2012). As a result, the capital adequacy ratio (N1) as at January 1, 2013 amounted to 12% provided the required regulatory minimum is 10%.
Loan portfolio. The loan portfolio increased during FY 2012 by 6.1% and totalled RUB 236.9 billion. The corporate loan portfolio grew by 3.5% to RUB 210.1 billion. Retail loan portfolio grew by 32.8% to RUB 26.8 billion.
As at January 1, 2013, provisions amounted to RUB 23.4 billion. Provisions to loans ratio amounted to 9.9%. As at January 1, 2013, the share of the overdue loans amounted to 3.9%; the level of coverage of the overdue loans by provisions amounted to 254%.
FY 2012 RAS Financial Statements (the numbers as at January 1, 2013 do not include the effect of the subsequent events) are available on the Bank’s website: http://www.bspb.ru/2059/