Bank Saint Petersburg earned a record RUB 40.5 bn for 9M 2024 under RAS
Bank Saint Petersburg summarized its results for 9M 2024 under RAS (non-consolidated financials calculated in accordance with BSPB`s internal methodology).
Financial highlights for 9M 2024:
in RUB bn | 9М 2024 | 3Q 2024 | 9М 2024 / | 3Q 2024 / |
| Net Interest Income | 50.8 | 17.2 | +46.0% | +36.3% |
| Net Fee & Commision Income | 8.6 | 3.1 | -9.8% | +4.2% |
| Net Trading Income | 8.2 | 3.9 | -37.9% | +60.9% |
| Revenues | 68.3 | 24.5 | +20.0% | +39.1% |
| OpEx | (17.5) | (6.4) | -0.2% | +3.4% |
| Provisions on loans | (3.3) | (1.0) |
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| Net Income Before Income Tax | 47.3 | 17.0 | +0.8% | +56.7% |
| Net Income | 40.5 | 15.6 | +6.6% | +59.3% |
| Return on Equity (ROE) | 29.0% | 32.0% |
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| Cost-to-Income Ratio (CIR) | 25.6% | 26.0% |
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| Cost of Risk (CoR) | 0.6% | 0.6% |
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• Net Interest Income amounted to RUB 50.8 bn (+46.0% compared to 9М 2023); incl. RUB 17.2 bn in 3Q 2024 (+36.3% compared to 3Q 2023).
• Net Fee & Commision Income amounted to RUB 8.6 bn (-9.8% compared to 9М 2023); incl. RUB 3.1 bn in 3Q 2024 (+4.2% compared to 3Q 2023).
• Net Trading Income amounted to RUB 8.2 bn (-37.9% compared to 9М 2023).
• Revenues amounted to RUB 68.3 bn (+20.0% compared to 9М 2023); incl. RUB 24.5 bn in 3Q 2024 (+39.1% compared to 3Q 2023).
• OpEx за 9М 2024 amounted to RUB 17.5 bn (-0.2% compared to 9М 2023). Cost-to-Income Ratio (CIR) for 9М 2024 stood at 25.6%.
• Provisions on loans for 9М 2024 amounted to RUB 3.3 bn. Cost of Risk (CoR) for 9М 2024 amounted to 0.6%.
• Net Income Before Income Tax for 9М 2024 amounted to RUB 47.3 bn (+0.8% compared to 9М 2023); incl. RUB 17.0 bn in 3Q 2024 (+56.7% compared to 3Q 2023).
Net Income for 9М 2024 amounted to RUB 40.5 bn (+6.6% compared to 9М 2023); incl. RUB 15.6 bn in 3Q 2024 (+59.3% compared to 3Q 2023).
Return on Equity (ROE) for 9М 2024 amounted to 29.0%.
in RUB bn | 01.10.2024 | 01.07.2024 | 01.01.2024 | QTD | YTD |
Total Loan Portfolio | 720.9 | 699.0 | 677.1 | +3.1% | +6.5% |
Corporate Loan Portfolio | 562.3 | 540.7 | 519.3 | +4.0% | +8.3% |
Retail Loan Portfolio | 158.6 | 158.3 | 157.8 | +0.2% | +0.5% |
Customer Deposits | 616.4 | 651.1 | 647.4 | -5.3% | -4.8% |
Corporate Customer Deposits | 247.6 | 262.9 | 256.2 | -5.8% | -3.3% |
Retail Customer Deposits | 368.7 | 388.2 | 391.2 | -5.0% | -5.7% |
• As of October 1, 2024, Total Loan Portfolio amounted to RUB 720.9 bn (+6.5% compared to January 1, 2024). Since January 1, 2024, Corporate Loan Portfolio increased by +8.3% and amounted to RUB 562.3 bn. Retail Loan Portfolio increased since the beginning of the year by +0.5% and amounted to RUB 158.6 bn.
• As of October 1, 2024, Customer Deposits amounted to RUB 616.4 bn (-4.8% compared to January 1, 2024). Since January 1, 2024, Corporate Customer Deposits decreased by -3.3% and amounted to RUB 247.6 bn. Retail Customer Deposits decreased since the beginning of the year by -5.7% and amounted to RUB 368.7 bn.
• As of October 1, 2024, Problem Loan Ratio (NPL Ratio) amounted to 2.8%. (3.1% as of January 1, 2024). NPL Coverage Ratio as of October 1, 2024, amounted to 133.3%. (151.0% as of January 1, 2024).
in RUB bn | 01.10.2024 | 01.07.2024 | 01.01.2024 | QTD | YTD |
| Tier 1 Capital | 146.3 | 146.1 | 156.3 | +0.2% | -6.4% |
| Total Capital | 194.0 | 180.2 | 171.2 | +7.7% | +13.3% |
| Tier 1 Capital Adequacy Ratio | 17.0% | 17.0% | 18.6% |
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| Total Capital Adequacy Ratio | 22.5% | 20.9% | 20.3% |
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• As of October 1, 2024, the Bank's Total Capital calculated under the CBR regulations (Basel III) amounted to RUB 194.0 bn (+13.3% compared to January 1, 2024). The Bank's Tier 1 Capital amounted to RUB 146.3 bn (-6.4% compared to January 1, 2024). As a result, the Tier 1 capital adequacy ratio (N1.2) as of October 1, 2024, amounted to 17.0% (18.6% as of January 1, 2024); and the total capital adequacy ratio (N1.0) as of October 1, 2024, amounted to 22.5% (20.3% as of January 1, 2024).
Before the audit, the Bank’s Tier 1 Capital and the Bank's Tier 1 Capital Adequacy Ratio do not include the Bank’s Net Income for 9М 2024. The estimated impact of the 9М 2024 Net Income on Tier 1 Capital Adequacy Ratio is +4.7 p.p.
On September 18, 2024, an Extraordinary General Meeting of Shareholders of the Bank was held, during which the shareholders of the Bank allocated a record RUB 12.2 bn for the payment of dividends for 1H 2024. The payment of 1H 2024 dividends would have an approximately 1.4 pp effect on the Bank's Tier 1 Capital Adequacy Ratio (N1.2). After payment of dividends, Tier 1 Capital Adequacy Ratio would continue to significantly exceed the minimum level of 12% established in the Bank's Strategy.
Press Release on Financial Results for 9M 2024 under RAS is available at the following link:
Bank Saint Petersburg earned a record RUB 40.5 bn for 9M 2024 under RAS
Bank Saint Petersburg summarized its results for 9M 2024 under RAS (non-consolidated financials calculated in accordance with BSPB`s internal methodology).
Financial highlights for 9M 2024:
in RUB bn | 9М 2024 | 3Q 2024 | 9М 2024 / | 3Q 2024 / |
| Net Interest Income | 50.8 | 17.2 | +46.0% | +36.3% |
| Net Fee & Commision Income | 8.6 | 3.1 | -9.8% | +4.2% |
| Net Trading Income | 8.2 | 3.9 | -37.9% | +60.9% |
| Revenues | 68.3 | 24.5 | +20.0% | +39.1% |
| OpEx | (17.5) | (6.4) | -0.2% | +3.4% |
| Provisions on loans | (3.3) | (1.0) |
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| Net Income Before Income Tax | 47.3 | 17.0 | +0.8% | +56.7% |
| Net Income | 40.5 | 15.6 | +6.6% | +59.3% |
| Return on Equity (ROE) | 29.0% | 32.0% |
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| Cost-to-Income Ratio (CIR) | 25.6% | 26.0% |
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| Cost of Risk (CoR) | 0.6% | 0.6% |
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• Net Interest Income amounted to RUB 50.8 bn (+46.0% compared to 9М 2023); incl. RUB 17.2 bn in 3Q 2024 (+36.3% compared to 3Q 2023).
• Net Fee & Commision Income amounted to RUB 8.6 bn (-9.8% compared to 9М 2023); incl. RUB 3.1 bn in 3Q 2024 (+4.2% compared to 3Q 2023).
• Net Trading Income amounted to RUB 8.2 bn (-37.9% compared to 9М 2023).
• Revenues amounted to RUB 68.3 bn (+20.0% compared to 9М 2023); incl. RUB 24.5 bn in 3Q 2024 (+39.1% compared to 3Q 2023).
• OpEx за 9М 2024 amounted to RUB 17.5 bn (-0.2% compared to 9М 2023). Cost-to-Income Ratio (CIR) for 9М 2024 stood at 25.6%.
• Provisions on loans for 9М 2024 amounted to RUB 3.3 bn. Cost of Risk (CoR) for 9М 2024 amounted to 0.6%.
• Net Income Before Income Tax for 9М 2024 amounted to RUB 47.3 bn (+0.8% compared to 9М 2023); incl. RUB 17.0 bn in 3Q 2024 (+56.7% compared to 3Q 2023).
Net Income for 9М 2024 amounted to RUB 40.5 bn (+6.6% compared to 9М 2023); incl. RUB 15.6 bn in 3Q 2024 (+59.3% compared to 3Q 2023).
Return on Equity (ROE) for 9М 2024 amounted to 29.0%.
in RUB bn | 01.10.2024 | 01.07.2024 | 01.01.2024 | QTD | YTD |
Total Loan Portfolio | 720.9 | 699.0 | 677.1 | +3.1% | +6.5% |
Corporate Loan Portfolio | 562.3 | 540.7 | 519.3 | +4.0% | +8.3% |
Retail Loan Portfolio | 158.6 | 158.3 | 157.8 | +0.2% | +0.5% |
Customer Deposits | 616.4 | 651.1 | 647.4 | -5.3% | -4.8% |
Corporate Customer Deposits | 247.6 | 262.9 | 256.2 | -5.8% | -3.3% |
Retail Customer Deposits | 368.7 | 388.2 | 391.2 | -5.0% | -5.7% |
• As of October 1, 2024, Total Loan Portfolio amounted to RUB 720.9 bn (+6.5% compared to January 1, 2024). Since January 1, 2024, Corporate Loan Portfolio increased by +8.3% and amounted to RUB 562.3 bn. Retail Loan Portfolio increased since the beginning of the year by +0.5% and amounted to RUB 158.6 bn.
• As of October 1, 2024, Customer Deposits amounted to RUB 616.4 bn (-4.8% compared to January 1, 2024). Since January 1, 2024, Corporate Customer Deposits decreased by -3.3% and amounted to RUB 247.6 bn. Retail Customer Deposits decreased since the beginning of the year by -5.7% and amounted to RUB 368.7 bn.
• As of October 1, 2024, Problem Loan Ratio (NPL Ratio) amounted to 2.8%. (3.1% as of January 1, 2024). NPL Coverage Ratio as of October 1, 2024, amounted to 133.3%. (151.0% as of January 1, 2024).
in RUB bn | 01.10.2024 | 01.07.2024 | 01.01.2024 | QTD | YTD |
| Tier 1 Capital | 146.3 | 146.1 | 156.3 | +0.2% | -6.4% |
| Total Capital | 194.0 | 180.2 | 171.2 | +7.7% | +13.3% |
| Tier 1 Capital Adequacy Ratio | 17.0% | 17.0% | 18.6% |
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| Total Capital Adequacy Ratio | 22.5% | 20.9% | 20.3% |
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• As of October 1, 2024, the Bank's Total Capital calculated under the CBR regulations (Basel III) amounted to RUB 194.0 bn (+13.3% compared to January 1, 2024). The Bank's Tier 1 Capital amounted to RUB 146.3 bn (-6.4% compared to January 1, 2024). As a result, the Tier 1 capital adequacy ratio (N1.2) as of October 1, 2024, amounted to 17.0% (18.6% as of January 1, 2024); and the total capital adequacy ratio (N1.0) as of October 1, 2024, amounted to 22.5% (20.3% as of January 1, 2024).
Before the audit, the Bank’s Tier 1 Capital and the Bank's Tier 1 Capital Adequacy Ratio do not include the Bank’s Net Income for 9М 2024. The estimated impact of the 9М 2024 Net Income on Tier 1 Capital Adequacy Ratio is +4.7 p.p.
On September 18, 2024, an Extraordinary General Meeting of Shareholders of the Bank was held, during which the shareholders of the Bank allocated a record RUB 12.2 bn for the payment of dividends for 1H 2024. The payment of 1H 2024 dividends would have an approximately 1.4 pp effect on the Bank's Tier 1 Capital Adequacy Ratio (N1.2). After payment of dividends, Tier 1 Capital Adequacy Ratio would continue to significantly exceed the minimum level of 12% established in the Bank's Strategy.
Press Release on Financial Results for 9M 2024 under RAS is available at the following link:
