Bank Saint Petersburg earned RUB 4.3 bn, doubling RAS net income in 1H 2020
Bank Saint Petersburg summarized its performance for 1H 2020 under RAS (non-consolidated financials calculated in accordance with BSPB`s internal methodology based on RAS).
Financial highlights for 1H 2020:
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- Net Income for 1H 2020 amounted to RUB 4.3 bn (+102.2% compared with 1H 2019); |
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- Net Interest Income for 1H 2020 amounted to RUB 11.9 bn (+22.5% compared with 1H 2019); |
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- Net Fee and Commission Income for 1H 2020 amounted to RUB 3.3 bn (+11.4% compared with 1H 2019); |
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- Loans to corporates in 1H 2020 increased by 4.5% and amounted to RUB 312.9 bn; |
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- Tier 1 capital adequacy ratio (N1.2) as of July 1, 2020 amounted to 10.8%, the total capital adequacy ratio (N1.0) amounted to 14.8%; |
Bank Saint Petersburg is ranked 15th in terms of assets and 15th in terms of retail deposits among the Russian banks (Interfax ranking). As of July 1, 2020, the Bank provides services to 2 038 000 individuals and 50 000 corporates; the number of cards issued by the Bank is 1 516 000; the Bank’s ATM network comprised of 805 ATMs. At present Internet Bank is used by 1 356 000 clients.
Results summary for 1H 2020
Net Interest Income for 1H 2020 amounted to RUB 11.9 bn (+22.5% compared with 1H 2019) including RUB 5.9 bn for the 2Q 2020 (+26.4% compared with 2Q 2019).
Net Fee and Commission Income for 1H 2020 increased by 11.4% compared with 1H 2019 and amounted to RUB 3.3 bn including RUB 1.6 bn for the 2Q 2020 (+1.9% compared with 2Q 2019).
Net Trading income for 1H 2020 amounted to RUB 2.0 bn including RUB 0.4 bn loss within 2Q 2020.
Revenues for 1H 2020 amounted to RUB 18.1 bn (+40.6% compared with 1H 2019) including RUB 8.0 bn for the 2Q 2020 (+15.9% compared with 2Q 2019).
Operating expenses for 1H 2020 amounted to RUB 6.9 bn (+13.7% compared with 1H 2019) including RUB 3.2 bn for the 2Q 2020 (+11.3% compared with 2Q 2019).
Provisions for 1H 2020 amounted to RUB 6.3 bn (+59.1% compared with 1H 2019) including RUB 2.1 bn for the 2Q 2020 (-11.6% compared with 2Q 2019).
Net Income for 1H 2020 increased by 102.2% compared with 1H 2019 and amounted to RUB 4.3 bn. Net Income for 2Q 2020 increased by 125.0% compared with 2Q 2019 and amounted to RUB 2.2 bn.
Bank’s assets amounted to RUB 667.9 bn as of July 1, 2020 (+0.1 % compared with January 1, 2020; +0.4% compared with April 1, 2020).
Liabilities. As of July 1, 2020, customer deposits totalled RUB 432.1 bn (+3.9% compared with January 1, 2020; +0.6% net of ForEx revaluation; -0.5% compared with April 1, 2020). The corporate customer deposits amounted to RUB 184.4 bn (+8.8% compared with January 1, 2020; +6.1% net of ForEx revaluation; +2.0% compared with April 1, 2020). Retail customer deposits amounted to RUB 247.6 bn (+0.5% compared with January 1, 2020; -3.2% net of ForEx revaluation; -2.3% compared with April 1, 2020).
As of July 1, 2020, the Bank’s total capital calculated under the CBR regulations (Basel III) amounted to RUB 87.2 bn (+6.6% compared with January 1, 2020, +4.8% compared with April 1, 2020). As of July 1, 2020, the Bank’s Tier 1 capital remained at the January 1, 2020 level and stood at RUB 63.3 bn (-0.4% compared with April 1, 2020).
As a result, the Tier 1 capital adequacy ratio (N1.2) as of July 1, 2020 amounted to 10.8% (required regulatory minimum is 6.0%) and the total capital adequacy ratio (N1.0) as of July 1, 2020 amounted to 14.8% (required regulatory minimum is 8.0%).
Loan portfolio totalled RUB 412.3 bn as of July 1, 2020 (+4.2% compared with January 1, 2020; +1.9% net of ForEx revaluation; -3.5% compared with April 1, 2020). Corporate loan portfolio amounted to RUB 312.9 bn (+4.5% compared with January 1, 2020; +1.5% net of ForEx revaluation; -4.9% compared with April 1, 2020). Loans to individuals amounted to RUB 99.4 bn (+3.5% compared with January 1, 2020; +3.3% net of ForEx revaluation, +0.9% compared with April 1, 2020). As of July 1, 2020, the share of the overdue loans remained at the level of January 1, 2020, and amounted to 5.4% (5.2% as of April 1, 2020).