29.10.2015

Bank Saint Petersburg announces 9M 2015 results under the Russian accounting standards (RAS)

Bank Saint Petersburg summarized its performance for 9M 2015 under RAS.

Financial highlights for 9M 2015 under RAS:

  • 9M 2015 Net Income amounted to RUB 1.7 bn;
  • Net Interest Income for 9M 2015 amounted to RUB 11.7 bn;
  • Net Fee and Commission Income for 9M 2015 amounted to RUB 2.8 bn;
  • Net Trading Income for 9M 2015 amounted to RUB 3.5 bn;
  • Retail customer deposits during 9M 2015 increased by 13.2% to RUB 161.1 bn;
  • During 9M 2015 total capital increased by 21.8% and amounted to RUB 71.1 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 1 600 000 individuals and over 56 000 corporates. As at October 1, 2015, the number of cards issued by the Bank is 1 000 000; the Bank’s card network comprised of 700 ATMs. At present Internet-Bank is actively used by 529 000 clients.

Net Interest Income for 9M 2015 decreased by 9.6% compared with 9M 2014* and amounted to RUB 11.7 bn (*interest expenses for 9M 2014 did not include RUB 2.8 bn loss from fully impaired loans disposal). Net Fee and Commission Income for 9M 2015 increased by 27.2% compared with 9M 2014 and amounted to RUB 2.8 bn. Net Trading Income for 9M 2015 amounted to RUB 3.5 bn versus Net Trading Loss for 9M 2014 amounted to RUB 447 mln. Profit before Tax for 9M 2015 amounted to RUB 3.6 bn. 9M 2015 Net Income amounted to RUB 1.7 bn.

Bank’s assets amounted to RUB 518.9 bn as at October 1, 2015 (-2.0% compared with January 1, 2015).

Liabilities. As at October 1, 2015, customer deposits totalled RUB 349.2 bn (+0.9% compared with January 1, 2015). The corporate customer deposits amounted to RUB 188.1 bn (-7.6% compared with January 1, 2015). Retail customer deposits amounted to RUB 161.1 bn (+13.2% compared with January 1, 2015).

In September 2015, the Bank received Federal Loan Bonds (OFZs) for RUB 14.6 bn from the Deposit Insurance Agency (DIA) under the State Capitalization Support Program.

As at October 1, 2015, the Bank’s total capital calculated under the CBR regulations (Basel III) amounted to RUB 71.1 bn. As a result, the Tier 1 capital adequacy ratio (N1.2) as at October 1, 2015 amounted to 8.4% (required regulatory minimum is 6.0%) and the total capital adequacy ratio (N1.0) as at October 1, 2015 amounted to 14.8% (required regulatory minimum is 10%).

Loan portfolio amounted to RUB 315.4 bn (+1.7% compared with January 1, 2015). Loans to individuals amounted to RUB 54.4 bn (+2.3% compared with January 1, 2015). Loans to legal entities amounted to RUB 261.0 bn (+1.5% compared with January 1, 2015).

As at October 1, 2015, provisions amounted to RUB 25.6 bn. Provisions-to-loans ratio amounted to 8.1%. As at October 1, 2015, the share of the overdue loans amounted to 3.1%; the level of coverage of the overdue loans by provisions amounted to 265%.

9M 2015 RAS Financial Statements are available on the Bank’s website: https://www.bspb.ru/en/investors/financial-statements/RAS/.

Tags: IR News