Bank "Saint Petersburg" Public Joint Stock : Saint Petersburg earned RUB 12.1 bn, increasing RAS net income in 9M 2021 by 87%

Bank Saint Petersburg summarized its performance for 9M 2021 under RAS (non-consolidated financials calculated in accordance with BSPB`s internal methodology based on RAS).

Financial highlights for 9M 2021:

- Net Income for 9M 2021 amounted to RUB 12.1 bn (+86.6% compared with 9M 2020);

- Net Interest Income for 9M 2021 amounted to RUB 20.2 bn (+14.1% compared with 9M 2020);

- Net Fee and Commission Income for 9M 2021 amounted to RUB 6.4 bn (+23.5% compared with 9M 2020);

- Loans to corporates in 9M 2021 increased by 11.6% and amounted to RUB 380.7 bn;

- Loans to individuals in 9M 2021 increased by 12.7% and amounted to RUB 129.2 bn

Bank Saint Petersburg is ranked 16^th in terms of assets and 15^th in terms of retail deposits among the Russian banks (Interfax ranking). As of October 1, 2021, the Bank provides services to 2 001 000 individuals and 52 000 corporates; the number of cards issued by the Bank is 1 497 000; the Bank's ATM network comprised of 803 ATMs. At present Internet Bank is used by 1 612 000 clients.

Results summary for 9M 2021

Net Interest Income for 9M 2021 amounted to RUB 20.2 bn (+14.1% compared with 9M 2020) including RUB 7.3 bn for the 3Q2021 (+21.9% compared with 3Q 2020).

Net Fee and Commission Income for 9M 2021 increased by 23.5% compared with 9M 2020 and amounted to RUB 6.4 bn including RUB 2.2 bn for the 3Q 2021 (+19.0% compared with 3Q 2020).

Net Trading income for 9M 2021 amounted to RUB 2.9 bn (-36.7% compared with 9M 2020) including RUB 1.2 bn in 3Q 2021 (-51.9% compared with 3Q2020).

Revenues for 9M 2021 amounted to RUB 30.8 bn (+8.0% compared with 9M 2020) including RUB 11.3 bn for the 3Q 2021 (+6.9% compared with 3Q 2020).

Operating expenses for 9M 2021 amounted to RUB 11.1 bn (+8.1% compared with 9M 2020) including RUB 3.6 bn for the 3Q 2021 (+10.7% compared with 3Q 2020). Cost-to-Income ratio for 9M 2021 stood at 36.1% (36.1% for 9M 2020).

Provisions for 9M 2021 amounted to RUB 4.5 bn (-54.9% compared with 9M 2020) including RUB 1.9 bn for the 3Q 2021 (-50.3% compared with 3Q 2020).

Net income before taxes for 9M 2021 amounted to RUB 15.1 bn (+85.0% compared to 9M 2020). Net Income for 9M 2021 increased by 86.6% compared with 9M 2020 and amounted to RUB 12.1 bn. Net Income for 3Q 2021 increased by 55.8% compared with 3Q 2020 and amounted to RUB 3.5 bn. Return on Equity (ROE) amounted to 17.6% for 9M 2021 (10.6% for 9M 2020).

Bank's assets amounted to RUB 770.5 bn as of October 1, 2021 (+5.5% compared with January 1, 2021; +4.5% compared with July 1, 2021).

Liabilities. As of October 1, 2021, customer deposits totalled RUB 493.8 bn (+2.1% compared with January 1, 2021; -0.2% compared with July 1, 2021). The corporate customer deposits amounted to RUB 213.3 bn (+1.6% compared with January 1, 2021; -5.5% compared with July 1, 2021). Retail customer deposits amounted to RUB 280.2 bn (+2.5% compared with January 1, 2021; +4.2% compared with July 1, 2021).

As of October 1, 2021, the Bank's total capital calculated under the CBR regulations (Basel III) amounted to RUB 93.6 bn (+9.1% compared with January 1, 2021, +4.2% compared with July 1, 2021). As of October 1, 2021, the Bank's Tier 1 capital stood at RUB 72.5 bn (+6.9% compared with January 1, 2021, +8.8% compared with July 1, 2021).

As a result, the Tier 1 capital adequacy ratio (N1.2) as of October 1, 2021 amounted to 10.2% (required regulatory minimum is 6.0%) and the total capital adequacy ratio (N1.0) as of October 1, 2021 amounted to 13.2% (required regulatory minimum is 8.0%).

Loan portfolio totalled RUB 509.9 bn as of October 1, 2021 (+11.9% compared with January 1, 2021; +1.5% compared with July 1, 2021). Corporate loan portfolio amounted to RUB 380.7 bn (+11.6% compared with January 1, 2021; +1.4% compared with July 1, 2021). Loans to individuals amounted to RUB 129.2 bn (+12.7% compared with January 1, 2021; +1.8% compared with July 1, 2021). As of October 1, 2021, the share of the overdue loans amounted to 5.6% (4.9% as of January 1, 2021 and 5.7% as of July 1, 2021). Provision coverage ratio (total provisions / total overdue loans) is 195%.

9M 2021 RAS financials databook (in Russian/English) is available on the Bank's website.