12.10.2018

Bank Saint Petersburg earned RUB 3.1 bn in 9M 2018

Bank Saint Petersburg summarized its performance for 9M 2018 under RAS (non-сonsolidated financials calculated in accordance with BSPB`s internal methodology based on RAS).

Financial highlights for 9M 2018:

  • Net Interest Income for 9M 2018 amounted to RUB 15.8 bn (+15.6% compared with 9M 2017);

  • Net Fee and Commission Income for 9M 2018 amounted to RUB 4.0 bn (+9.0% compared with 9M 2017);

  • Loans to individuals amounted to RUB 83.6 bn (+15.1% compared with January 1, 2018);

  • Total Capital amounted to RUB 73.3 bn as at October 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 July 1, 2018 (Interfax ranking). As at October 1, 2018, the Bank provides services to 2 050 000 individuals and 50 000 corporates; the number of cards issued by the Bank is 1 300 000; the Bank’s card network comprised of 801 ATMs. At present Internet Bank is used by 1 083 000 clients.

In 3Q 2018, Moody's Investors Service has affirmed B1 long-term rating and changed the outlook on it to positive. The rating agency noted that the change of rating outlook reflects improving trends in the Bank's asset quality and profitability, coupled with its relatively good capital buffer. The rating action is also underpinned by the Bank's stable funding and liquidity profiles.

Results summary for 9M 2018

Net Interest Income for 9M 2018 amounted to RUB 15.8 bn (+15.6% compared with 9M 2017). Net Fee and Commission Income for 9M 2018 increased by 9.0% compared with 9M 2017 and amounted to RUB 4.0 bn. Net Trading Income for 9M 2018 amounted to RUB 2.1 bn. Revenues for 9M 2018 amounted to RUB 22.5 bn (-3.8% compared with 9M 2017).

Operating expenses for 9M 2018 amounted to RUB 10.0 bn (+7.4% compared with 9M 2017). Cost-Income Ratio for 9M 2018 amounted to 44.5%.

Net Income for 9M 2018 amounted to RUB 3.1 bn (-8.4% compared with 9M 2017).

Bank’s assets amounted to RUB 603.8 bn as at October 1, 2018 (+1.6% compared with January 1, 2018).

Liabilities. As at October 1, 2018, customer deposits totalled RUB 379.4 bn (+5.6% compared with January 1, 2018). Corporate customer deposits amounted to RUB 155.9 bn (+0.3% compared with January 1, 2018). Retail customer deposits amounted to RUB 223.5 bn (+9.7 % compared with January 1, 2018).

As at October 1, 2018, the Bank’s total capital calculated under the CBR regulations (Basel III) amounted to RUB 73.3 bn (+2.2% compared with January 1, 2018). As a result, the Tier 1 capital adequacy ratio (N1.2) as at October 1, 2018 amounted to 9.3% (required regulatory minimum is 6.0%) and the total capital adequacy ratio (N1.0) as at October 1, 2018 amounted to 13.4% (required regulatory minimum is 8.0%).

Loan portfolio totalled RUB 377.4 bn as at October 1, 2018 (+6.7% compared with January 1, 2018). Corporate loan portfolio amounted to RUB 293.8 bn (+4.5% compared with January 1, 2018). Loans to individuals amounted to RUB 83.6 bn (+15.1% compared with January 1, 2018). As at October 1, 2018, the share of the overdue loans amounted to 4.7%; the level of coverage of the overdue loans by provisions amounted to 242%.

Tags: IR News