13.07.2018

Bank Saint Petersburg earned RUB 2.4 bn in 1H 2018

Bank Saint Petersburg summarized its performance for 1H 2018 under RAS (non-сonsolidated financials calculated in accordance with BSPB`s internal methodology based on RAS).

Financial highlights for 1H 2018:

- Net Interest Income for 1H 2018 amounted to RUB 10.2 bn (+19.2% compared with 1H 2017);

- Net Fee and Commission Income for 1H 2018 amounted to RUB 2.6 bn (+10.5% compared with 1H 2017);

- Loans to individuals amounted to RUB 79.7 bn (+9.8% compared with January 1, 2018);
- Total Capital amounted to RUB 72.8 bn as at July 1, 2018.

Bank Saint Petersburg is ranked 15th in terms of assets and 15th in terms of retail deposits among the Russian banks as at April 1, 2018 (Interfax ranking). As at July 1, 2018, the Bank provides services to 2 000 000 individuals and 50 000 corporates; the number of cards issued by the Bank is 1 300 000; the Bank’s card network comprised of 812 ATMs. At present Internet Bank is used by 1 038 000 clients.

Among the significant events of 1H 2018, is decision of the Annual General Shareholders Meeting to allocate 20% of FY 2017 RAS net profit for dividends.

Results summary for 1H 2018

Net Interest Income for 1H 2018 amounted to RUB 10.2 bn (+19.2% compared with 1H 2017). Net Fee and Commission Income for 1H 2018 increased by 10.5% compared with 1H 2017 and amounted to RUB 2.6 bn. Net Trading Income for 1H 2018 amounted to RUB 1.7 bn. Revenues for 1H 2018 amounted to RUB 14.9 bn (-2.8% compared with 1H 2017).

Operating expenses for 1H 2018 amounted to RUB 6.9 bn (+18.2% compared with 1H 2017). Cost-Income Ratio for 1H 2018 amounted to 46.0%.

Net Income for 1H 2018 amounted to RUB 2.4 bn (-23.4% compared with 1H 2017).

Bank’s assets amounted to RUB 594.7 bn as at July 1, 2018 (remained unchanged compared with January 1, 2018).

Liabilities. As at July 1, 2018, customer deposits totalled RUB 363.0 bn (+1.0% compared with January 1, 2018). Corporate customer deposits amounted to RUB 149.5 bn (-3.8% compared with January 1, 2018). Retail customer deposits amounted to RUB 213.5 bn (+4.8 % compared with January 1, 2018).

As at July 1, 2018, the Bank’s total capital calculated under the CBR regulations (Basel III) amounted to RUB 72.8 bn (+1.5% compared with January 1, 2018). As a result, the Tier 1 capital adequacy ratio (N1.2) as at July 1, 2018 amounted to 10.2% (required regulatory minimum is 6.0%) and the total capital adequacy ratio (N1.0) as at July 1, 2018 amounted to 14.7% (required regulatory minimum is 8.0%).

Loan portfolio totalled RUB 357.9 bn as at July 1, 2018 (+1.2% compared with January 1, 2018). Corporate loan portfolio amounted to RUB 278.2 bn (-1.0% compared with January 1, 2018). Loans to individuals amounted to RUB 79.7 bn (+9.8% compared with January 1, 2018). As at July 1, 2018, the share of the overdue loans amounted to 4.5%; the level of coverage of the overdue loans by provisions amounted to 253%.

Tags: IR News