13.04.2021

Bank Saint Petersburg increased RAS net income in 1Q 2021 by 60%

Bank Saint Petersburg summarized its performance for 1Q 2021 under RAS (non-consolidated financials calculated in accordance with BSPB`s internal methodology based on RAS).

Financial highlights for 1Q 2021:

- Net Income for 1Q 2021 amounted to RUB 3.4 bn (+60.4% compared with 1Q 2020);

- Net Interest Income for 1Q 2021 amounted to RUB 5.9 bn (-1.1% compared with 1Q 2020);

- Net Fee and Commission Income for 1Q 2021 amounted to RUB 1.8 bn (+7.7% compared with 1Q 2020);

- Loans to corporates in 1Q 2021 increased by 4.3% and amounted to RUB 355.9 bn;

- Loans to individuals in 1Q 2021 increased by 2.2% and amounted to RUB 117.1 bn;

- Tier 1 capital adequacy ratio (N1.2) as at April 1, 2021 amounted to 10.2%, the total capital adequacy ratio (N1.0) amounted to 13.2%;

Bank Saint Petersburg is ranked 16th in terms of assets and 15th in terms of retail deposits among the Russian banks (Interfax ranking). As at April 1, 2021, the Bank provides services to 2 097 000 individuals and 50 000 corporates; the number of cards issued by the Bank is 1 458 000; the Bank’s ATM network comprised of 803 ATMs. At present Internet Bank is used by 1 518 000 clients.

Results summary for 1Q 2021

Net Interest Income for 1Q 2021 amounted to RUB 5.9 bn (-1.1% compared with 1Q 2020).
 

Net Fee and Commission Income for 1Q 2021 increased by 7.7% compared with 1Q 2020 and amounted to RUB 1.8 bn.

Net Trading income for 1Q 2021 amounted to RUB 0.8 bn (2.4 bn 1Q 2020 income).

Revenues for 1Q 2021 amounted to RUB 8.5 bn (-16.2% compared with 1Q 2020).

Operating expenses for 1Q 2021 amounted to RUB 3.4 bn (-8.6% compared with 1Q 2020).

Net Income for 1Q 2021 amounted to RUB 3.4 bn and increased by 60.4% compared with 1Q 2020.

Bank’s assets amounted to RUB 730.0 bn as at April 1, 2021 (-0.1 % compared with January 1, 2021).

Liabilities. As at April 1, 2021, customer deposits totalled RUB 492.1 bn (+1.8% compared with January 1, 2021; +1.5% net of ForEx revaluation). The corporate customer deposits amounted to RUB 230.9 bn (+10.0% compared with January 1, 2021; +9.7% net of ForEx revaluation). Retail customer deposits amounted to RUB 261.2 bn (-4.6% compared with January 1, 2020; -4.9% net of ForEx revaluation).

As at April 1, 2021, the Bank’s total capital calculated under the CBR regulations (Basel III) amounted to RUB 89.5 bn (+4.4% compared with January 1, 2021). As of January 1, 2021, the Bank’s Tier 1 capital amounted to RUB 68.8 bn (+1.5% compared with January 1, 2021).

As a result, the Tier 1 capital adequacy ratio (N1.2) as at April 1, 2021 amounted to 10.2% (required regulatory minimum is 6.0%) and the total capital adequacy ratio (N1.0) as at April 1, 2021 amounted to 13.2% (required regulatory minimum is 8.0%).

Loan portfolio totalled RUB 473.0 bn as at April 1, 2021 (+3.8% compared with January 1, 2021; +3.5% net of ForEx revaluation). Corporate loan portfolio amounted to RUB 355.9 bn (+4.3% compared with January 1, 2021; +4.0% net of ForEx revaluation). Loans to individuals amounted to RUB 117.1 bn (+2.2% compared with January 1, 2020; +2.2% net of ForEx revaluation). As at April 1, 2020, the share of the overdue loans amounted to 5.5% (4.8% as at January 1, 2021).

Tags: IR News