31.07.2015

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

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

Financial highlights for 1H 2015 under RAS:

  • 1H 2015 Net Income amounted to RUB 1.1 bn;
  • Net Interest Income for 1H 2015 amounted to RUB 7.8 bn;
  • Net Fee and Commission Income for 1H 2015 amounted to RUB 1.8 bn;
  • Net Trading Income for 1H 2015 amounted to RUB 2.6 bn;
  • Retail customer deposits during 1H 2015 increased by 5.1% to RUB 149.6 bn;
  • Total capital as at July 1, 2015, amounted to RUB 55.6 bn.

Bank Saint Petersburg is ranked 18th in terms of assets and 18th in terms of retail deposits among the Russian banks (Interfax ranking). Today the Bank provides services to 1 500 000 individuals and over 56 000 corporates. As at July 1, 2015, the number of cards issued by the Bank is 990 000; the Bank’s card network comprised of 690 ATMs. At present Internet-Bank is actively used by 488 000 clients.

Net Interest Income for 1H 2015 decreased by 8.5% compared with 1H 2014* and amounted to RUB 7.8 bn (*interest expenses for 1H 2014 did not include RUB 2.8 bn loss from fully impaired loans disposal). Net Fee and Commission Income for 1H 2015 increased by 31.6% compared with 1H 2014 and amounted to RUB 1.8 bn. Net Trading Income for 1H 2015 amounted to RUB 2.6 bn versus Net Trading Loss for 1H 2014 amounted to RUB 521 mln. Profit before Tax for 1H 2015 amounted to RUB 2.4 bn. 1H 2015 Net Income amounted to RUB 1.1 bn.

Bank’s assets amounted to RUB 512.4 bn as at July 1, 2015 (-3.2% compared with January 1, 2015).

Liabilities. As at July 1, 2015, customer deposits totalled RUB 332.6 bn (-3.9% compared with January 1, 2015). The corporate customer deposits amounted to RUB 182.9 bn (-10.1% compared with January 1, 2015). Retail customer deposits amounted to RUB 149.6 bn (+5.1% compared with January 1, 2015).

As at July 1, 2015, the Bank’s total capital calculated under the CBR regulations (Basel III) amounted to RUB 55.6 bn. As a result, the Tier 1 capital adequacy ratio (N1.2) as at July 1, 2015 amounted to 9.5% (required regulatory minimum is 6.0%) and the total capital adequacy ratio (N1.0) as at July 1, 2015 amounted to 13.2% (required regulatory minimum is 10%).

Loan portfolio amounted to RUB 298.7 bn (-3.7% compared with January 1, 2015). Loans to individuals amounted to RUB 50.8 bn (-4.4% compared with January 1, 2015). Loans to legal entities amounted to RUB 247.9 bn (-3.6% compared with January 1, 2015).

As at July 1, 2015, provisions amounted to RUB 23.5 bn. Provisions-to-loans ratio amounted to 7.9%. As at July 1, 2015, the share of the overdue loans amounted to 3.0%; the level of coverage of the overdue loans by provisions amounted to 259%.

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

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