Bank Saint Petersburg increases RAS net income by 27% in FY 2019, earning RUB 6.6 bn
Bank Saint Petersburg announces its preliminary FY 2019 RAS results (non-сonsolidated financials calculated in accordance with BSPB`s internal methodology based on RAS) which may be subject to change following the subsequent events. The financials as at January 1, 2019 include the effect of the subsequent events; the numbers as at January 1, 2020 do not include the effect of the subsequent events.
Financial highlights for 2019:
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- Net Income for 2019 amounted to RUB 6.6 bn (+26.9% compared with 2018); |
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- Net Interest Income for 2019 amounted to RUB 23.0 bn (+4.1% compared with 2018); |
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- Net Fee and Commission Income for 2019 amounted to RUB 7.0 bn (+26.8% compared with 2018); |
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- Loans to individuals for 2019 increased by 19.6% and amounted to RUB 96.0 bn; |
Bank Saint Petersburg is ranked 14th in terms of assets and 14th in terms of retail deposits among the Russian banks (Interfax ranking). As at January 1, 2020, the Bank provides services to 2 232 000 individuals and 50 000 corporates; the number of cards issued by the Bank is 1 513 000; the Bank’s ATM network comprised of 813 ATMs. At present Internet Bank is used by 1 297 000 clients.
Results summary for 2019
Net Interest Income for 2019 amounted to RUB 23.0 bn (+4.1% compared with 2018).
Net Fee and Commission Income for 2019 increased by 26.8% compared with 2018 and amounted to RUB 7.0 bn. Net Trading loss for 2019 amounted to RUB 559 mln (compared with RUB 3.8 bn 2018 income). Revenues for 2019 amounted to RUB 30.7 bn (-5.2% compared with 2018).
Operating expenses for 2019 amounted to RUB 14.2 bn (-10.0% compared with 2018).
Net Income for 2019 amounted to RUB 6.6 bn and increased by 26.9% compared with 2018.
Bank’s assets amounted to RUB 667.1 bn as at January 1, 2020 (+2.4 % compared with January 1, 2019, +2.5% compared with October 1, 2019).
Liabilities. As at January 1, 2020, customer deposits totalled RUB 415.9 bn (+0.7% compared with January 1, 2019, +0.2% compared with October 1, 2019). The corporate customer deposits amounted to RUB 169.4 bn (+1.6% compared with January 1, 2019, -3.5% compared with October 1, 2019). Retail customer deposits amounted to RUB 246.4 bn (+0.1% compared with January 1, 2019, +2.9% compared with October 1, 2019).
As at January 1, 2020, the Bank’s total capital calculated under the CBR regulations (Basel III) amounted to RUB 81.8 bn (+9.4% compared with January 1, 2019, +3.2% compared with October 1, 2019). As a result, the Tier 1 capital adequacy ratio (N1.2) as at January 1, 2020 amounted to 9.7% (required regulatory minimum is 6.0%) and the total capital adequacy ratio (N1.0) as at January 1, 2020 amounted to 14.8% (required regulatory minimum is 8.0%).
Loan portfolio totalled RUB 395.6 bn as at January 1, 2020 (+7.3% compared with January 1, 2019, +2.7% compared with October 1, 2019). Corporate loan portfolio amounted to RUB 299.5 bn (+3.8% compared with January 1, 2019, +3.0% compared with October 1, 2019). Loans to individuals amounted to RUB 96.0 bn (+19.6% compared with January 1, 2019, +1.5% compared with October 1, 2019). As at January 1, 2020, the share of the overdue loans amounted to 5.4%.