06.05.2015

Bank Saint Petersburg announces 1Q 2015 results under the Russian accounting standards (RAS)

Bank Saint Petersburg summarized its performance for 1Q 2015 under RAS.

Financial highlights for 1Q 2015 under RAS:

  • Net Income for 1Q 2015 amounted to RUB 605 mln;
  • Net Interest Income for 1Q 2015 amounted to RUB 3.9 bn (+28.6% compared with 1Q 2014);
  • Net Fee and Commission Income for 1Q 2015 amounted to RUB 876 mln (+47.6% compared with 1Q 2014);
  • Total capital as at April 1, 2015, amounted to RUB 56.8 bn.

Bank Saint Petersburg is ranked 16th in terms of assets and 17th in terms of retail deposits among the Russian banks (Interfax ranking). Today the Bank provides services to 1 460 000 individuals and over 55 000 corporates. As at April 1, 2015, the number of cards issued by the Bank is 990 000; the Bank’s card network comprised of 672 ATMs. At present Internet Bank is actively used by 448 000 clients.

Net Interest Income for 1Q 2015 amounted to RUB 3.9 bn (+28.6% compared with 1Q 2014). Net Fee and Commission Income for 1Q 2015 increased by 47.6% compared with 1Q 2014 and amounted to RUB 876 mln. Net Trading Income for 1Q 2015 amounted to RUB 806 mln. Profit before Tax for 1Q 2015 amounted to RUB 1.1 bn. Net Income amounted to RUB 605 mln (+1.8% compared with 1Q 2014).

Bank’s assets amounted to RUB 513.2 bn as at April 1, 2015 (-3.0% compared with January 1, 2015).

Liabilities. As at April 1, 2015, customer deposits totalled RUB 336.7 bn (-2.7% compared with January 1, 2015). The corporate customer deposits amounted to RUB 195.5 bn (-3.9% compared with January 1, 2015). Retail customer deposits amounted to RUB 141.2 bn (-0.8% compared with January 1, 2015).

As at April 1, 2015, the Bank’s total capital calculated under the CBR regulations (Basel III) amounted to RUB 56.8 bn. As a result, the Tier 1 capital adequacy ratio (N1.2) as at April 1, 2015 amounted to 9.5% (required regulatory minimum is 6.0%) and the total capital adequacy ratio (N1.0) as at April 1, 2015 amounted to 13.3% (required regulatory minimum is 10%).

Loan portfolio totalled RUB 302.8 bn (-2.4% compared with January 1, 2015). Corporate loan portfolio amounted to RUB 251.6 bn (-2.2% compared with January 1, 2015). Retail loan portfolio amounted to RUB 51.2 bn (-3.7% compared with January 1, 2015).

As at April 1, 2015, provisions amounted to RUB 24.3 bn. Provisions-to-loans ratio amounted to 8.0%. As at April 1, 2015, the share of the overdue loans amounted to 2.7%; the level of coverage of the overdue loans by provisions amounted to 292%.

1Q 2015 RAS Financial Statements are available on the Bank’s website:
https://www.bspb.ru/en/investors/financial-statements/RAS/.

Tags: IR News