29.04.2014

Bank Saint Petersburg announces 1Q 2014 results under the Russian accounting standards (RAS)

Bank Saint Petersburg summarized its performance for 1Q 2014 under RAS.

Financial highlights for 1Q 2014 under RAS:

  • Net Income for 1Q 2014 amounted to RUB 594 mln;
  • Net Interest Income for 1Q 2014 amounted to RUB 3.0 bn (+12.8% compared with 1Q 2013);
  • Loan portfolio increased during 1Q 2014 by 2.7% to RUB 273.9 billion, retail loan portfolio increased by 6.8% to RUB 45.6 billion;
  • Retail customer accounts during 1Q 2014 increased by 0.5% to RUB 117.7 billion;
  • Total capital as at April 1, 2014, amounted to RUB 48.8 billion.

Bank Saint Petersburg is ranked 15th in terms of assets and 15th in terms of retail deposits among the Russian banks (Interfax ranking). Today the Bank provides services to 1.4 million individuals and over 44 thousand corporates. As at April 1, 2014, the number of cards issued by the Bank is 798 thousand; the Bank’s card network comprised of 598 ATMs. At present Internet-Bank is actively used by 290 thousand clients.

Net Interest Income for 1Q 2014 amounted to RUB 3.0 bn (+12.8% compared with 1Q 2013). Net Fee and Commission Income for 1Q 2014 increased by 1.9% compared with 1Q 2013 and amounted to RUB 593 mln. Net Trading Loss for 1Q 2014 amounted to RUB 202 mln. Profit before Tax for 1Q 2014 amounted to RUB 1.1 bn. Net Income amounted to RUB 594 mln.

Bank’s assets amounted to RUB 431.4 bn as at April 1, 2014 (+3.9% compared with January 1, 2014).

Liabilities. As at April 1, 2014, customer deposits totalled RUB 285.5 bn (+1.7% compared with January 1, 2014). The corporate customer deposits amounted to RUB 167.8 bn (+2.5% compared with January 1, 2014). Retail customer deposits amounted to RUB 117.7 bn (+0.5% compared with January 1, 2014).

As at April 1, 2014, the Bank’s total capital calculated under the CBR regulations (Basel III) amounted to RUB 48.8 bn. As a result, the Tier 1 capital adequacy ratio (N1.2) as at April 1, 2014 amounted to 9.1% (required regulatory minimum is 5.5%) and the total capital adequacy ratio (N1.0) as at April 1, 2014 amounted to 12.9% (required regulatory minimum is 10%).

Loan portfolio reached RUB 273.9 bn (+2.7% compared with January 1, 2014).

Corporate loan portfolio amounted to RUB 228.3 bn (+1.9% compared with January 1, 2014).

Retail loan portfolio amounted to RUB 45.6 bn (+6.8% compared with January 1, 2014).

As at April 1, 2014, provisions amounted to RUB 25.9 bn. Provisions-to-loans ratio amounted to 9.5%. As at April 1, 2014, the share of the overdue loans amounted to 3.1%; the level of coverage of the overdue loans by provisions amounted to 307%.

1Q 2014 RAS Financial Statements are available on the Bank’s website:
https://www.bspb.ru/en/investors/financial-statements/RAS/

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