PJSC Bank Saint Petersburg : Bank Saint Petersburg earned RUB 1.7 bn in 1M 2022

Bank Saint Petersburg summarized its performance for 1M 2022 under RAS (non-consolidated financials calculated in accordance with BSPB`s internal methodology based on RAS).

Financial highlights for 1M 2022:

• Net Income amounted to RUB 1.7 bn (+43.2% compared with 1M 2021);
• Net Interest Income amounted to RUB 2.3 bn (+10.6% compared with 1M 2021);
• Net Fee and Commission Income amounted to RUB 0.7 bn (+38.0% compared with 1M 2021);
• Loans to corporates increased by 8.2% YTD and amounted to RUB 404.3 bn;
• Loans to individuals increased by 1.8% YTD and amounted to RUB 136.9 bn

Results summary for 1M 2022

Net Interest Income for 1M 2022 amounted to RUB 2.3 bn (+10.6% compared with 1M 2021).

Net Fee and Commission Income for 1M 2022 increased by 38.0% compared with 1M 2021 and amounted to RUB 0.7 bn.

Net Trading income for 1M 2022 amounted to RUB 0.9 bn (+95.9% compared with 1M 2021).

Revenues for 1M 2022 amounted to RUB 4.0 bn (+31.0% compared with 1M 2021).

Operating expenses for 1M 2022 amounted to RUB 1.1 bn (+11.1% compared with 1M 2021). Cost-to-Income ratio for 1M 2022 stood at 26.7% (31.5% for 1M 2021).

Provisions for 1M 2022 amounted to RUB 0.7 bn (-22.3% compared with 1M 2021).

Net income before taxes for 1M 2022 amounted to RUB 2.3 bn (+86.1% compared to 1M 2021).
Net Income for 1M 2022 increased by 43.2% compared with 1M 2021 and amounted to RUB 1.7 bn.
Return on Equity (ROE) amounted to 19.9% for 1M 2022 (16.3% for 1M 2021).

Bank's assets amounted to RUB 798.3 bn as of February 1, 2022 (+0.4% compared with January 1, 2022).

Liabilities. As of February 1, 2022, customer deposits totalled RUB 504.3 bn (-0.3% compared with January 1, 2022). The corporate customer deposits amounted to RUB 213.6 bn (+0.1% compared with January 1, 2022). Retail customer deposits amounted to RUB 290.7 bn (-0.7% compared with January 1, 2022).

As of February 1, 2022, the Bank's total capital calculated under the CBR regulations (Basel III) amounted to RUB 99.7 bn (+2.8% compared with January 1, 2022). As of February 1, 2022, the Bank's Tier 1 capital stood at RUB 71.9 bn (+0.9% compared with January 1, 2022).

As a result, the Tier 1 capital adequacy ratio (N1.2) as of February 1, 2022 amounted to 9.3% (required regulatory minimum is 6.0%) and the total capital adequacy ratio (N1.0) as of February 1, 2022 amounted to 12.8% (required regulatory minimum is 8.0%).

Loan portfolio totalled RUB 541.2 bn as of February 1, 2022 (+6.5% compared with January 1, 2022). Corporate loan portfolio amounted to RUB 404.3 bn (+8.2% compared with January 1, 2022). Loans to individuals amounted to RUB 136.9 bn (+1.8% compared with January 1, 2022).

As of February 1, 2022, the share of the overdue loans amounted to 4.8% (5.1% as of January 1, 2022). Provision coverage ratio (total provisions / total overdue loans) is 203%.

1M 2022 RAS financials databook (in Russian/English) is available on the Bank's website.