"Bank "Saint Petersburg" Public Joint Stock : Bank Saint Petersburg earned RUB 8.7 bn, doubling RAS net income in 1H 2021

Bank Saint Petersburg summarized its performance for 1H 2021 under RAS (non-consolidated financials calculated in accordance with BSPB`s internal methodology based on RAS).

Financial highlights for 1H 2021:

- Net Income for 1H 2021 amounted to RUB 8.7 bn (+102.5% compared with 1H 2020);

- Net Interest Income for 1H 2021 amounted to RUB 12.9 bn (+9.1% compared with 1H 2020);

- Net Fee and Commission Income for 1H 2021 amounted to RUB 4.1 bn (+26.1% compared with 1H 2020);

- Loans to corporates in 1H 2021 increased by 10.0% and amounted to RUB 375.3 bn;

- Loans to individuals in 1H 2021 increased by 10.8% and amounted to RUB 127.0 bn

Bank Saint Petersburg is ranked 17^th in terms of assets and 15^th in terms of retail deposits among the Russian banks (Interfax ranking). As of July 1, 2021, the Bank provides services to 2 057 000 individuals and 51 000 corporates; the number of cards issued by the Bank is 1 476 000; the Bank's ATM network comprised of 800 ATMs. At present Internet Bank is used by 1 559 000 clients.

Results summary for 1H 2021

Net Interest Income for 1H 2021 amounted to RUB 12.9 bn (+9.1% compared with 1H 2020) including RUB 7.1 bn for the 2Q 2021 (+19.4% compared with 2Q 2020).

Net Fee and Commission Income for 1H 2021 increased by 26.1% compared with 1H 2020 and amounted to RUB 4.1 bn including RUB 2.4 bn for the 2Q 2021 (+44.4% compared with 2Q 2020).

Net Trading income for 1H 2021 amounted to RUB 2.0 bn (+1.2% compared with 1H 2020) including RUB 1.2 bn in 2Q 2021.

Revenues for 1H 2021 amounted to RUB 20.0 bn (+10.1% compared with 1H 2020) including RUB 11.5 bn for the 2Q 2021 (+43.7% compared with 2Q 2020).

Operating expenses for 1H 2021 amounted to RUB 7.4 bn (+7.5% compared with 1H 2020) including RUB 4.0 bn for the 2Q 2021 (+26.3% compared with 2Q 2020).

Provisions for 1H 2021 amounted to RUB 2.7 bn (-57.6% compared with 1H 2020) including RUB 1.0 bn for the 2Q 2021 (-50.6% compared with 2Q 2020).

Net Income for 1H 2021 increased by 102.5% compared with 1H 2020 and amounted to RUB 8.7 bn. Net Income for 2Q 2021 increased by 144.3% compared with 2Q 2020 and amounted to RUB 5.3 bn.

Bank's assets amounted to RUB 737.6 bn as of July 1, 2021 (+1.0 % compared with January 1, 2021; +0.5% compared with April 1, 2021).

Liabilities. As of July 1, 2021, customer deposits totalled RUB 494.9 bn (+2.3% compared with January 1, 2021; +0.6% compared with April 1, 2021). The corporate customer deposits amounted to RUB 225.7 bn (+7.5% compared with January 1, 2021; -2.3% compared with April 1, 2021). Retail customer deposits amounted to RUB 269.2 bn (-1.6% compared with January 1, 2021; +3.1% compared with April 1, 2021).

As of July 1, 2021, the Bank's total capital calculated under the CBR regulations (Basel III) amounted to RUB 89.8 bn (+4.8% compared with January 1, 2021, +0.3% compared with April 1, 2021). As of July 1, 2021, the Bank's Tier 1 capital stood at RUB 66.6 bn (-1.7% compared with January 1, 2021, -3.2% compared with April 1, 2021).

As a result, the Tier 1 capital adequacy ratio (N1.2) as of July 1, 2021 amounted to 9.8% (required regulatory minimum is 6.0%) and the total capital adequacy ratio (N1.0) as of July 1, 2021 amounted to 13.1% (required regulatory minimum is 8.0%).

Loan portfolio totalled RUB 502.3 bn as of July 1, 2021 (+10.2% compared with January 1, 2021; +5.4% compared with April 1, 2021). Corporate loan portfolio amounted to RUB 375.3 bn (+10.0% compared with January 1, 2021; +4.7% compared with April 1, 2021). Loans to individuals amounted to RUB 127.0 bn (+10.8% compared with January 1, 2021; +7.4% compared with April 1, 2021). As of July 1, 2021, the share of the overdue loans amounted to 5.7% (4.9% as of January 1, 2021 and 5.5% as of April 1, 2021).

You can familiarize yourself with the supplementary financial information here.