Bank Sankt Peterburg : Saint Petersburg’ net Income for 1H 2019 amounted to RUB 2.1 bn

Bank Saint Petersburg summarized its performance for 1H 2019 under RAS (non-сonsolidated financials calculated in accordance with BSPB`s internal methodology based on RAS).

Financial highlights for 1H 2019:

- Net Interest Income for 1H 2019 amounted to RUB 10.3 bn (+0.6% compared with 1H 2018);

- Net Fee and Commission Income for 1H 2019 amounted to RUB 3.1 bn (+20.2% compared with 1H 2018);

- Loans to individuals for 1H 2019 increased by 13.1% and amounted to RUB 90.8 bn;

Bank Saint Petersburg is ranked 15^th in terms of assets and 15^th in terms of retail deposits among the Russian banks (Interfax ranking). As at July 1, 2019, the Bank provides services to 2 150 000 individuals and 50 000 corporates; the number of cards issued by the Bank is 1 355 000; the Bank's card network comprised of 802 ATMs. At present Internet Bank is used by 1 187 000 clients.

Results summary for 1Q 2019

Net Interest Income for 1H 2019 amounted to RUB 10.3 bn (+0.6% compared with 1H 2018).
Net Fee and Commission Income for 1H 2019 increased by 20.2% compared with 1H 2018 and amounted to RUB 3.1 bn. Net Trading loss for 1H 2019 amounted to RUB 17 mln (compared with RUB 1.7 bn 1H 2018 income). Revenues for 1H 2019 amounted to RUB 14.1 bn (-5.8% compared with 1H 2018).

Operating expenses for 1H 2019 amounted to RUB 7.1 bn (+3.2% compared with 1H 2018).

Net Income for 1H 2019 amounted to RUB 2.1 bn and decreased by 12.5% compared with 1H 2018.

Bank's assets amounted to RUB 652.4 bn as at July 1, 2019 (+0.1 % compared with January 1, 2019).

Liabilities. As at July 1, 2019, customer deposits totalled RUB 398.5 bn (-3.5% compared with January 1, 2019). The corporate customer deposits amounted to RUB 152.7 bn (-8.4% compared with January 1, 2019). Retail customer deposits amounted to RUB 245.8 bn (-0.2% compared with January 1, 2019).

As at July 1, 2019, the Bank's total capital calculated under the CBR regulations (Basel III) amounted to RUB 76.9 bn (+2.9% compared with January 1, 2019). As a result, the Tier 1 capital adequacy ratio (N1.2) as at July 1, 2019 amounted to 10.4% (required regulatory minimum is 6.0%) and the total capital adequacy ratio (N1.0) as at July 1, 2019 amounted to 14.8% (required regulatory minimum is 8.0%).

Loan portfolio totalled RUB 357.8 bn as at July 1, 2019 (-3.0% compared with January 1, 2019). Corporate loan portfolio amounted to RUB 266.9 bn (-7.5% compared with January 1, 2019). Loans to individuals amounted to RUB 90.8 bn (+13.1% compared with January 1, 2019). As at July 1, 2019, the share of the overdue loans amounted to 5.1%.