22.04.2013

Bank Saint Petersburg announces 1Q 2013 results under the Russian accounting standards (RAS)

Bank Saint Petersburg summarized its performance for 1Q 2013 under RAS.

Financial highlights for 1Q 2013 under RAS:

  • Net Income for 1Q 2013 amounted to RUB 719 mln (+177.8% compared with 1Q 2012);
  • Net Fee and Comission Income for 1Q 2013 amounted to RUB 583 mln (+19.8% compared with 1Q 2012);
  • Loan portfolio increased during 1Q 2013 by 3.2% to RUB 244.5 billion, retail loan portfolio increased by 14.0% to RUB 30.5 billion;
  • Retail customer accounts during 1Q 2013 increased by 2.4% to RUB 98.5 billion;                
  • Total capital as at April 1, 2013, amounted to RUB 44.0 billion (+3.6% compared with January 1, 2013).

Bank Saint Petersburg is ranked 16th 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 40 thousand corporates. As at April 1, 2013, the number of cards issued by the Bank is 766 thousand; the Bank’s card network comprised of 572 ATMs. At present Internet-Bank is actively used by 182 thousand clients.

Net Interest Income before provisions for 1Q 2013 amounted to RUB 2.7 billion (-4.0% compared with 1Q 2012). Net Fee and Commission Income for 1Q 2013 increased by 19.8% compared with 1Q 2012 and amounted to RUB 583 mln. Net Trading Income for 1Q 2013 amounted to RUB 347 mln (RUB 210 mln for 1Q 2012). Profit before Tax for 1Q 2013 amounted to RUB 856 mln (+123.9% compared with 1Q 2012). Net Income for 1Q 2013 amounted to RUB 719 mln (+177.8% compared with 1Q 2012).

Bank’s assets amounted to RUB 343.9 billion as at April 1, 2013 (-2.0% compared with January 1, 2013).

Liabilities. As at April 1, 2013, customer accounts totalled RUB 253.6 billion (+4.1% compared with January 1, 2013). The corporate customer accounts amounted to RUB 155.1 billion (+5.1% compared with January 1, 2013). Retail customer accounts amounted to RUB 98.5 billion (+2.4% compared with January 1, 2013).

As at April 1, 2013, Bank’s total capital calculated under the CBR regulations amounted to RUB 44.0 billion (+3.6% compared with January 1, 2013). As a result, the capital adequacy ratio (N1) as at April 1, 2013 amounted to 12.5% provided the required regulatory minimum is 10%.

Loan portfolio. The loan portfolio increased during 1Q 2013 by 3.2% and totalled RUB 244.5 billion. The corporate loan portfolio grew by 1.8% to RUB 213.9 billion. Retail loan portfolio grew by 14.0% to RUB 30.5 billion.
As at April 1, 2013, provisions amounted to RUB 24.5 billion. Provisions to loans ratio amounted to 10.0%. As at April 1, 2013, the share of the overdue loans amounted to 3.8%; the level of coverage of the overdue loans by provisions amounted to 262%.

1Q 2013 RAS Financial Statements are available on the Bank’s website: http://www.bspb.ru/2059/

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