28.01.2016

Bank Saint Petersburg announces preliminary FY 2015 results under the Russian accounting standards (RAS)

Bank Saint Petersburg summarized its performance for FY 2015 under RAS*.

* These results may be subject to change following the subsequent events and the annual audit for FY 2015. The numbers as at January 1, 2015 include the effect of the subsequent events; the numbers as at January 1, 2016 do not include the effect of the subsequent events

Financial highlights for FY 2015 under RAS:

  • FY 2015 Net Income amounted to RUB 2.5 bn;
  • Net Interest Income for FY 2015 amounted to RUB 16.4 bn;
  • Net Fee and Commission Income for FY 2015 amounted to RUB 4.0 bn;
  • Net Trading Income for FY 2015 amounted to RUB 6.2 bn;
  • Retail customer deposits during FY 2015 increased by 24.7% to RUB 177.5 bn;
  • During FY 2015 total capital increased by 23.3% and amounted to RUB 72.0 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 January 1, 2016, the number of cards issued by the Bank is 1 000 000; the Bank’s card network comprised of 728 ATMs. At present Internet-Bank is actively used by 590 000 clients.

Net Interest Income for FY 2015 decreased by 10.6% compared with FY 2014* and amounted to RUB 16.4 bn (*interest expenses for FY 2014 did not include RUB 2.8 bn loss from fully impaired loans disposal). Net Fee and Commission Income for FY 2015 increased by 26.8% compared with FY 2014 and amounted to RUB 4.0 bn. Net Trading Income for FY 2015 amounted to RUB 6.2 bn increased by 143.1% compared with FY 2014. FY 2015 Net Income amounted to RUB 2.5 bn.

Bank’s assets amounted to RUB 550.8 bn as at January 1, 2016 (+4.1% compared with January 1, 2015).

Liabilities. As at January 1, 2016, customer deposits totalled RUB 360.0 bn (+4.1% compared with January 1, 2015). The corporate customer deposits amounted to RUB 182.5 bn (-10.4% compared with January 1, 2015). Retail customer deposits amounted to RUB 177.5 bn (+24.7% compared with January 1, 2015).

As at January 1, 2016, the Bank’s total capital calculated under the CBR regulations (Basel III) amounted to RUB 72.0 bn. As a result, the Tier 1 capital adequacy ratio (N1.2) as at January 1, 2016 amounted to 8.8% (required regulatory minimum is 6.0%) and the total capital adequacy ratio (N1.0) as at January 1, 2016 amounted to 15.5% (required regulatory minimum is 10%).

Loan portfolio amounted to RUB 330.2 bn (+6.4% compared with January 1, 2015). Loans to individuals amounted to RUB 55.1 bn (+3.6% compared with January 1, 2015). Loans to legal entities amounted to RUB 275.1 bn (+7.0% compared with January 1, 2015).

As at January 1, 2016, provisions amounted to RUB 29.7 bn. Provisions-to-loans ratio amounted to 9.0%. As at January 1, 2016, the share of the overdue loans amounted to 3.5%; the level of coverage of the overdue loans by provisions amounted to 254%.

FY 2015 RAS Financial Statements are available on the Bank’s website:

https://www.bspb.ru/en/investors/financial-statements/RAS/.

Tags: IR News