Bank Saint Petersburg summed up preliminary results for FY 2024
Bank Saint Petersburg summarized its preliminary results for FY 2024 under RAS, excluding the effect of subsequent events (non-consolidated financials calculated in accordance with BSPB`s internal methodology).
The financials as at January 1, 2025 do not include the effect of the subsequent events
The financials as at January 1, 2024 include the effect of the subsequent events.
Financial highlights for FY 2024:
in RUB bn | FY 2024 | 4Q 2024 | Dec 2024 | FY 2024 / | 4Q 2024 / | Dec 2024 / |
Net Interest Income | 70.2 | 19.4 | 6.9 | +38.4% | +21.7% | +33.8% |
Net Fee & Commision Income | 11.6 | 3.1 | 1.2 | -7.8% | -1.7% | +3.2% |
Net Trading Income* | 11.2 | 3.4 | 1.7 | +10.9% | +169.7% | +23.9% |
Revenues | 94.3 | 26.1 | 9.9 | +28.1% | +28.9% | +29.4% |
OpEx | (23.9) | (6.4) | (2.7) | +4.8% | +21.2% | +21.3% |
Provisions on loans* | (4.9) | (1.7) | (0.6) |
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Net Income Before Income Tax | 64.8 | 17.5 | 6.1 | +5.6% | +21.1% | +18.2% |
Net Income | 52.6 | 12.1 | 5.0 | +11.4% | +31.2% | +45.8% |
Return on Equity (ROE) | 28.2% | 24.0% | 29.9% |
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Cost-to-Income Ratio (CIR) | 25.3% | 24.4% | 26.8% |
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Cost of Risk (CoR) | 0.7% | 0.9% | 1.0% |
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• Net Interest Income amounted to RUB 70.2 bn (+38.4% compared to FY 2023); incl. RUB 19.4 bn in 4Q 2024 (+21.7% compared to 4Q 2023).
• Net Fee & Commision Income amounted to RUB 11.6 bn (-7.8% compared to FY 2023); incl. RUB 3.1 bn in 4Q 2024 (-1.7% compared to 4Q 2023).
• Revenues amounted to RUB 94.3 bn (+28.1% compared to FY 2023); incl. RUB 26.1 bn in 4Q 2024 (+28.9% compared to 4Q 2023).
• OpEx за FY 2024 amounted to RUB 23.9 bn (+4.8% compared to FY 2023). Cost-to-Income Ratio (CIR) for FY 2024 stood at 25.3%.
• Provisions on loans* for FY 2024 amounted to RUB 4.9 bn. Cost of Risk (CoR) for FY 2024 amounted to 0.7%.
• Net Income Before Income Tax for FY 2024 amounted to RUB 64.8 bn (+5.6% compared to FY 2023); incl. RUB 17.5 bn in 4Q 2024 (+21.1% compared to 4Q 2023). Net Income for FY 2024 amounted to RUB 52.6 bn (+11.4% compared to FY 2023); incl. RUB 12.1 bn in 4Q 2024 (+31.2% compared to 4Q 2023).
Return on Equity (ROE) for FY 2024 amounted to 28.2%.
The Bank's final results for FY 2024 under RAS will be affected by the accounting of the effect of subsequent events, which will mainly be reflected in income tax expenses as well as operating expenses. The Bank's final net profit for FY 2024 under RAS will be presented as part of the disclosure of financial results for January 2025.
in RUB bn | 01.01.2025 | 01.10.2024 | 01.01.2024 | QTD | YTD |
Total Loan Portfolio | 738.9 | 720.9 | 677.1 | +2.5% | +9.1% |
Corporate Loan Portfolio | 576.9 | 562.3 | 519.3 | +2.6% | +11.1% |
Retail Loan Portfolio | 162.1 | 158.6 | 157.8 | +2.2% | +2.7% |
Customer Deposits | 711.6 | 616.4 | 647.4 | +15.4% | +9.9% |
Corporate Customer Deposits | 284.5 | 247.6 | 256.2 | +14.9% | +11.0% |
Retail Customer Deposits | 427.1 | 368.7 | 391.2 | +15.8% | +9.2% |
• As of January 1, 2025, Total Loan Portfolio amounted to RUB 738.9 bn (+9.1% compared to January 1, 2024). Since January 1, 2024, Corporate Loan Portfolio increased by +11.1% and amounted to RUB 576.9 bn. Retail Loan Portfolio increased since the beginning of the year by +2.7% and amounted to RUB 162.1 bn.
• As of January 1, 2025, Problem Loan Ratio (NPL Ratio) amounted to 2.7%. (3.1% as of January 1, 2024). NPL Coverage Ratio as of January 1, 2025, amounted to 141.9%. (151.0% as of January 1, 2024).
• As of January 1, 2025, Customer Deposits amounted to RUB 711.6 bn (+9.9% compared to January 1, 2024). Since January 1, 2024, Corporate Customer Deposits increased by +11.0% and amounted to RUB 284.5 bn. Retail Customer Deposits increased since the beginning of the year by +9.2% and amounted to RUB 427.1 bn.
in RUB bn | 01.01.2025 | 01.10.2024 | 01.01.2024 | QTD | YTD |
Shareholders Equity | 201.3 | 201.4 | 171.8 | -0.1% | +17.1% |
Tier 1 Capital (Basel III) | 133.8 | 146.3 | 156.3 | -8.5% | -14.4% |
Total Capital (Basel III) | 201.4 | 194.0 | 171.2 | +3.8% | +17.6% |
Tier 1 Capital Adequacy Ratio | 14.8% | 17.0% | 18.6% |
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Total Capital Adequacy Ratio | 22.2% | 22.5% | 20.3% |
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• As of January 1, 2025, Shareholders Equity amounted to RUB 201.3 bn (+17.1% compared to January 1, 2024).
• As of January 1, 2025, the Bank's Total Capital calculated under the CBR regulations (Basel III) amounted to RUB 201.4 bn (+17.6% compared to January 1, 2024). The Bank's Tier 1 Capital (Basel III) amounted to RUB 133.8 bn (-14.4% compared to January 1, 2024).
The payment of dividends for 1H 2024 in the amount of RUB 12.2 bn in October 2024 had an impact on the dynamics of Tier 1 Capital compared to October 1, 2024.
• The Tier 1 capital adequacy ratio (N1.2) as of January 1, 2025, amounted to 14.8% (18.6% as of January 1, 2024); and the Total capital adequacy ratio (N1.0) as of January 1, 2025, amounted to 22.2% (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 FY 2024. The estimated impact of the FY 2024 Net Income on Tier 1 Capital Adequacy Ratio is +5.8 p.p.
Press Release on the Bank’s preliminary results for FY 2024 under RAS is available at the following link:
https://cloud.bspb.ru/index.php/s/ScwxFxiBz9JMPie
* FX revaluation of provisions on loans is included in Net trading income and is not included in Provisions on loans.
Bank Saint Petersburg summed up preliminary results for FY 2024
Bank Saint Petersburg summarized its preliminary results for FY 2024 under RAS, excluding the effect of subsequent events (non-consolidated financials calculated in accordance with BSPB`s internal methodology).
The financials as at January 1, 2025 do not include the effect of the subsequent events
The financials as at January 1, 2024 include the effect of the subsequent events.
Financial highlights for FY 2024:
in RUB bn | FY 2024 | 4Q 2024 | Dec 2024 | FY 2024 / | 4Q 2024 / | Dec 2024 / |
Net Interest Income | 70.2 | 19.4 | 6.9 | +38.4% | +21.7% | +33.8% |
Net Fee & Commision Income | 11.6 | 3.1 | 1.2 | -7.8% | -1.7% | +3.2% |
Net Trading Income* | 11.2 | 3.4 | 1.7 | +10.9% | +169.7% | +23.9% |
Revenues | 94.3 | 26.1 | 9.9 | +28.1% | +28.9% | +29.4% |
OpEx | (23.9) | (6.4) | (2.7) | +4.8% | +21.2% | +21.3% |
Provisions on loans* | (4.9) | (1.7) | (0.6) |
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Net Income Before Income Tax | 64.8 | 17.5 | 6.1 | +5.6% | +21.1% | +18.2% |
Net Income | 52.6 | 12.1 | 5.0 | +11.4% | +31.2% | +45.8% |
Return on Equity (ROE) | 28.2% | 24.0% | 29.9% |
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Cost-to-Income Ratio (CIR) | 25.3% | 24.4% | 26.8% |
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Cost of Risk (CoR) | 0.7% | 0.9% | 1.0% |
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• Net Interest Income amounted to RUB 70.2 bn (+38.4% compared to FY 2023); incl. RUB 19.4 bn in 4Q 2024 (+21.7% compared to 4Q 2023).
• Net Fee & Commision Income amounted to RUB 11.6 bn (-7.8% compared to FY 2023); incl. RUB 3.1 bn in 4Q 2024 (-1.7% compared to 4Q 2023).
• Revenues amounted to RUB 94.3 bn (+28.1% compared to FY 2023); incl. RUB 26.1 bn in 4Q 2024 (+28.9% compared to 4Q 2023).
• OpEx за FY 2024 amounted to RUB 23.9 bn (+4.8% compared to FY 2023). Cost-to-Income Ratio (CIR) for FY 2024 stood at 25.3%.
• Provisions on loans* for FY 2024 amounted to RUB 4.9 bn. Cost of Risk (CoR) for FY 2024 amounted to 0.7%.
• Net Income Before Income Tax for FY 2024 amounted to RUB 64.8 bn (+5.6% compared to FY 2023); incl. RUB 17.5 bn in 4Q 2024 (+21.1% compared to 4Q 2023). Net Income for FY 2024 amounted to RUB 52.6 bn (+11.4% compared to FY 2023); incl. RUB 12.1 bn in 4Q 2024 (+31.2% compared to 4Q 2023).
Return on Equity (ROE) for FY 2024 amounted to 28.2%.
The Bank's final results for FY 2024 under RAS will be affected by the accounting of the effect of subsequent events, which will mainly be reflected in income tax expenses as well as operating expenses. The Bank's final net profit for FY 2024 under RAS will be presented as part of the disclosure of financial results for January 2025.
in RUB bn | 01.01.2025 | 01.10.2024 | 01.01.2024 | QTD | YTD |
Total Loan Portfolio | 738.9 | 720.9 | 677.1 | +2.5% | +9.1% |
Corporate Loan Portfolio | 576.9 | 562.3 | 519.3 | +2.6% | +11.1% |
Retail Loan Portfolio | 162.1 | 158.6 | 157.8 | +2.2% | +2.7% |
Customer Deposits | 711.6 | 616.4 | 647.4 | +15.4% | +9.9% |
Corporate Customer Deposits | 284.5 | 247.6 | 256.2 | +14.9% | +11.0% |
Retail Customer Deposits | 427.1 | 368.7 | 391.2 | +15.8% | +9.2% |
• As of January 1, 2025, Total Loan Portfolio amounted to RUB 738.9 bn (+9.1% compared to January 1, 2024). Since January 1, 2024, Corporate Loan Portfolio increased by +11.1% and amounted to RUB 576.9 bn. Retail Loan Portfolio increased since the beginning of the year by +2.7% and amounted to RUB 162.1 bn.
• As of January 1, 2025, Problem Loan Ratio (NPL Ratio) amounted to 2.7%. (3.1% as of January 1, 2024). NPL Coverage Ratio as of January 1, 2025, amounted to 141.9%. (151.0% as of January 1, 2024).
• As of January 1, 2025, Customer Deposits amounted to RUB 711.6 bn (+9.9% compared to January 1, 2024). Since January 1, 2024, Corporate Customer Deposits increased by +11.0% and amounted to RUB 284.5 bn. Retail Customer Deposits increased since the beginning of the year by +9.2% and amounted to RUB 427.1 bn.
in RUB bn | 01.01.2025 | 01.10.2024 | 01.01.2024 | QTD | YTD |
Shareholders Equity | 201.3 | 201.4 | 171.8 | -0.1% | +17.1% |
Tier 1 Capital (Basel III) | 133.8 | 146.3 | 156.3 | -8.5% | -14.4% |
Total Capital (Basel III) | 201.4 | 194.0 | 171.2 | +3.8% | +17.6% |
Tier 1 Capital Adequacy Ratio | 14.8% | 17.0% | 18.6% |
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Total Capital Adequacy Ratio | 22.2% | 22.5% | 20.3% |
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• As of January 1, 2025, Shareholders Equity amounted to RUB 201.3 bn (+17.1% compared to January 1, 2024).
• As of January 1, 2025, the Bank's Total Capital calculated under the CBR regulations (Basel III) amounted to RUB 201.4 bn (+17.6% compared to January 1, 2024). The Bank's Tier 1 Capital (Basel III) amounted to RUB 133.8 bn (-14.4% compared to January 1, 2024).
The payment of dividends for 1H 2024 in the amount of RUB 12.2 bn in October 2024 had an impact on the dynamics of Tier 1 Capital compared to October 1, 2024.
• The Tier 1 capital adequacy ratio (N1.2) as of January 1, 2025, amounted to 14.8% (18.6% as of January 1, 2024); and the Total capital adequacy ratio (N1.0) as of January 1, 2025, amounted to 22.2% (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 FY 2024. The estimated impact of the FY 2024 Net Income on Tier 1 Capital Adequacy Ratio is +5.8 p.p.
Press Release on the Bank’s preliminary results for FY 2024 under RAS is available at the following link:
https://cloud.bspb.ru/index.php/s/ScwxFxiBz9JMPie
* FX revaluation of provisions on loans is included in Net trading income and is not included in Provisions on loans.
