01.08.2016

Bank Saint Petersburg announces 1H 2016 results under the Russian accounting standards (RAS)

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

Financial highlights for 1H 2016 under RAS:

- Net Income for 1H 2016 amounted to RUB 1.3 bn (+24.1% compared with 1H 2015);

- Net Interest Income for 1H 2016 amounted to RUB 10.0 bn (+29.2% compared with 1H 2015);

- Net Fee and Commission Income for 1H 2016 amounted to RUB 2.2 bn (+21.9% compared with 1H 2015);

- Net Trading Income for 1H 2016 amounted to RUB 2.3 bn;

- Total capital as at July 1, 2016, amounted to RUB 69.4 bn.

Bank Saint Petersburg is ranked 16th in terms of assets and 14th in terms of retail deposits among the Russian banks (Interfax ranking). Today the Bank provides services to 1 670 000 individuals and 56 000 corporates. As at July 1, 2016, the number of cards issued by the Bank is 1 040 000; the Bank’s card network comprised of 752 ATMs. At present Internet Bank is actively used by 670 000 clients.

Net Interest Income for 1H 2016 increased by 29.2% compared with 1H 2015 and amounted to RUB 10.0 bn. Net Fee and Commission Income for 1H 2016 increased by 21.9% compared with 1H 2015 and amounted to RUB 2.2 bn. Net Trading Income for 1H 2016 amounted to RUB 2.3 bn. Net Income amounted to RUB 1.3 bn (+24.1% compared with 1H 2015).

Bank’s assets amounted to RUB 563.5 bn as at July 1, 2016 (+2.2% compared with January 1, 2016).

Liabilities. As at July 1, 2016, customer deposits totalled RUB 354.8 bn (-1.4% compared with January 1, 2016). The corporate customer deposits amounted to RUB 176.0 bn (-3.5% compared with January 1, 2016). Retail customer deposits amounted to RUB 178.8 bn (+0.7% compared with January 1, 2016).

As at July 1, 2016, the Bank’s total capital calculated under the CBR regulations (Basel III) amounted to RUB 69.4 bn. As a result, the Tier 1 capital adequacy ratio (N1.2) as at July 1, 2016 amounted to 8.8% (required regulatory minimum is 6.0%) and the total capital adequacy ratio (N1.0) as at July 1, 2016 amounted to 14.3% (required regulatory minimum is 8.0%).

Loan portfolio totalled RUB 337.6 bn (+2.3% compared with January 1, 2016). Corporate loan portfolio amounted to RUB 278.9 bn (+1.4% compared with January 1, 2016). Retail loan portfolio amounted to RUB 58.7 bn (+6.6% compared with January 1, 2016).

As at July 1, 2016, provisions amounted to RUB 34.4 bn. Provisions-to-loans ratio amounted to 10.2%. As at July 1, 2016, the share of the overdue loans amounted to 3.9%; the level of coverage of the overdue loans by provisions amounted to 262%.

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

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

Tags: IR News