Bank Saint Petersburg Held Investor Day Event in Moscow
Committed to retaining the practice of regular events for the investor community, on April 13 Bank Saint Petersburg held an Investor Day 2017 event in Moscow. The key focus of the event was the 10th IPO anniversary: 10 years ago Bank Saint Petersburg became the first privately-owned Russian bank to complete an initial public offering (IPO). This step guaranteed not only new equity, but also a new level of reliability, reputation and transparency.
The meeting was opened by Mr. Konstantin Balandin, Deputy Chairman of the Management Board. In the course of his presentation, he looked back on the goals and starting conditions of the IPO in 2007, as well as summarized the unique opportunities which IPO gave to the Bank afterwards, highlighted the dramatic changes the Bank experienced over the 10 years and its most recent achievements, making a special emphasis on how the Bank accomplished to the promises it made in 2007.
The next presentation was focused on the Bank’s future development. Strategic priorities were introduced by Mr. Maris Mancinskis, First Deputy Chairman of the Management Board and CEO. Mr. Mancinskis described in detail the anticipated qualitative changes, areas in the Bank’s core business with growth potential and the specifics of its operations in each region where it is represented.
Two more topics of particular current interest were then presented to the audience: digital technologies, accounting for an ever increasing share of customer transactions, and financial market operations, persistently making a substantial contribution to the Bank’s revenues. Ms. Oksana Sivokobilska, Deputy Chairperson of the Management Board, recounted the Bank’s successful transformation from a traditional banking institution to an efficient online business. Mr. Alexey Teploukhov, Director of Financial Market Operations Department, gave a detailed account of notable successes in generating a well-balanced trading income, resistant to outside shocks.
The event was attended by the Bank’s current and potential investors, analysts from investment banks and rating agencies, as well as mass media representatives. Such a broad outreach emphasized the significance of the Investor Day for its audience and the Bank’s openness to the investment community. The 10th IPO anniversary also means 10 years of Investor Relations (IR): the Bank built all IR processes using the global best practices and continues to maintain their high standard, consistently broadening its communications coverage.