Bank "Saint Petersburg" Public Joint Stock : Saint Petersburg earned RUB 18.1 bn, increasing RAS net income by 66% in FY 2021

Bank Saint Petersburg summarized its performance for FY 2021 under RAS, excluding the effect of subsequent events (non-consolidated financials calculated in accordance with BSPB`s internal methodology based on RAS).

The financials as at January 1, 2021 include the effect of the subsequent events; the numbers as at January 1, 2022 do not include the effect of the subsequent events.

Financial highlights for FY 2021:

• Net Income for FY 2021 amounted to RUB 18.1 bn (+65.7% compared with FY 2020);
• Net Interest Income for FY 2021 amounted to RUB 27.8 bn (+13.0% compared with FY 2020);
• Net Fee and Commission Income for FY 2021 amounted to RUB 8.9 bn (+21.8% compared with FY 2020);
• Loans to corporates in FY 2021 increased by 9.5% and amounted to RUB 373.5 bn;
• Loans to individuals in FY 2021 increased by 17.3% and amounted to RUB 134.5 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 January 1, 2022, the Bank provides services to 1 982 000 individuals and 53 000 corporates; the number of cards issued by the Bank is 1 518 000; the Bank's ATM network comprised of 789 ATMs. At present Internet Bank is used by 1 671 000 clients.

Results summary for FY 2021

Net Interest Income for FY 2021 amounted to RUB 27.8 bn (+13.0% compared with FY 2020) including RUB 7.6 bn for the 4Q2021 (+10.4% compared with 4Q 2020).

Net Fee and Commission Income for FY 2021 increased by 21.8% compared with FY 2020 and amounted to RUB 8.9 bn including RUB 2.5 bn for the 4Q 2021 (+16.6% compared with 4Q 2020).

Net Trading income for FY 2021 amounted to RUB 5.0 bn (-4.7% compared with FY 2020) including RUB 2.2 bn in 4Q 2021 (+168.2% compared with 4Q2020).

Revenues for FY 2021 amounted to RUB 42.4 bn (+10.1% compared with FY 2020) including RUB 11.9 bn for the 4Q 2021 (+16.4% compared with 4Q 2020).

Operating expenses for FY 2021 amounted to RUB 15.5 bn (+11.7% compared with FY 2020) including RUB 4.7 bn for the 4Q 2021 (+16.2% compared with 4Q 2020). Cost-to-Income ratio for FY 2021 stood at 36.5% (36.0% for FY 2020).

Provisions for FY 2021 amounted to RUB 4.2 bn (-61.3% compared with FY 2020) including recovery in the amount of RUB 0.3 bn for the 4Q 2021 (provisions in the amount of RUB 0.7 bn in 4Q 2020).

Net income before taxes for FY 2021 amounted to RUB 22.6 bn (+65.9% compared to FY 2020). Net Income for FY 2021 increased by 65.7% compared with FY 2020 and amounted to RUB 18.1 bn. Net Income for 4Q 2021 increased by 35.1% compared with 4Q 2020 and amounted to RUB 6.0 bn. Return on Equity (ROE) amounted to 19.1% for FY 2021 (13.1% for FY 2020).

Bank's assets amounted to RUB 795.1 bn as of January 1, 2022 (+8.8% compared with January 1, 2021; +3.2% compared with October 1, 2021).

Liabilities. As of January 1, 2022, customer deposits totalled RUB 505.9 bn (+4.6% compared with January 1, 2021; +2.4% compared with October 1, 2021). The corporate customer deposits amounted to RUB 213.3 bn (+1.6% compared with January 1, 2021; no change compared with October 1, 2021). Retail customer deposits amounted to RUB 292.6 bn (+6.9% compared with January 1, 2021; +4.3% compared with October 1, 2021).

As of January 1, 2022, the Bank's total capital calculated under the CBR regulations (Basel III) amounted to RUB 97.0 bn (+13.1% compared with January 1, 2021, +3.7% compared with October 1, 2021). As of January 1, 2022, the Bank's Tier 1 capital stood at RUB 71.3 bn (+5.1% compared with January 1, 2021, -1.6% compared with October 1, 2021).

As a result, the Tier 1 capital adequacy ratio (N1.2) as of January 1, 2022 amounted to 9.9% (required regulatory minimum is 6.0%) and the total capital adequacy ratio (N1.0) as of January 1, 2022 amounted to 13.4% (required regulatory minimum is 8.0%).

Loan portfolio totalled RUB 508.0 bn as of January 1, 2022 (+11.5% compared with January 1, 2021; -0.4% compared with October 1, 2021). Corporate loan portfolio amounted to RUB 373.5 bn (+9.5% compared with January 1, 2021; -1.9% compared with October 1, 2021). Loans to individuals amounted to RUB 134.5 bn (+17.3% compared with January 1, 2021; +4.1% compared with October 1, 2021). As of January 1, 2022, the share of the overdue loans amounted to 5.1% (4.9% as of January 1, 2021 and 5.6% as of October 1, 2021). Provision coverage ratio (total provisions / total overdue loans) is 204%.

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