05.05.2016

Bank Saint Petersburg Announces 1Q 2016 Results under the Russian Accounting Standards (RAS)

Bank Saint Petersburg summarized its performance for 1Q 2016 under RAS.

Financial highlights for 1Q 2016 under RAS:

  • Net Income for 1Q 2016 amounted to RUB 757 mln (+25.2% compared with 1Q 2015);
  • Net Interest Income for 1Q 2016 amounted to RUB 4.8 bn (+21.8% compared with 1Q 2015);
  • Net Fee and Commission Income for 1Q 2016 amounted to RUB 1.1 bn (+21.0% compared with 1Q 2015);
  • Net Trading Income for 1Q 2016 amounted to RUB 1.0 bn (+29.5% compared with 1Q 2015);
  • Total capital as at April 1, 2016, amounted to RUB 70.0 bn.

Bank Saint Petersburg is ranked 17th in terms of assets and 15th in terms of retail deposits among the Russian banks (Interfax ranking). Today the Bank provides services to 1 635 000 individuals and over 56 000 corporates. As at April 1, 2016, the number of cards issued by the Bank is 1 000 000; the Bank’s card network comprised of 737 ATMs. At present Internet Bank is actively used by 630 000 clients.

Net Interest Income for 1Q 2016 amounted to RUB 4.8 bn (+21.8% compared with 1Q 2015). Net Fee and Commission Income for 1Q 2016 increased by 21.0% compared with 1Q 2015 and amounted to RUB 1.1 bn. Net Trading Income for 1Q 2016 amounted to RUB 1.0 bn (+29.5% compared with 1Q 2015). Net Income amounted to RUB 757 mln (+25.2% compared with 1Q 2015).

Bank’s assets amounted to RUB 549.8 bn as at April 1, 2016 (-0.3% compared with January 1, 2016).

Liabilities. As at April 1, 2016, customer deposits totalled RUB 345.8 bn (-4.0% compared with January 1, 2016). The corporate customer deposits amounted to RUB 172.2 bn (-5.6% compared with January 1, 2016). Retail customer deposits amounted to RUB 173.6 bn (-2.2% compared with January 1, 2016).

As at April 1, 2016, the Bank’s total capital calculated under the CBR regulations (Basel III) amounted to RUB 70.0 bn. As a result, the Tier 1 capital adequacy ratio (N1.2) as at April 1, 2016 amounted to 8.9% (required regulatory minimum is 6.0%) and the total capital adequacy ratio (N1.0) as at April 1, 2016 amounted to 14.8% (required regulatory minimum is 8.0%).

Loan portfolio totalled RUB 332.0 bn (+0.5% compared with January 1, 2016). Corporate loan portfolio amounted to RUB 274.6 bn (-0.2% compared with January 1, 2016). Retail loan portfolio amounted to RUB 57.4 bn (+4.2% compared with January 1, 2016).

As at April 1, 2016, provisions amounted to RUB 31.5 bn. Provisions-to-loans ratio amounted to 9.5%. As at April 1, 2016, the share of the overdue loans amounted to 3.7%; the level of coverage of the overdue loans by provisions amounted to 254%.

1Q 2016 RAS Financial Statements are available on the Bank’s website:

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

Tags: IR News