OREANDA-NEWS. May 03, 2012. Financial highlights for 1Q 2012 under RAS:

Net Income for 1Q 2012 amounted to RUB 259 million;

Interest Income for 1Q 2012 amounted to RUB 6.3 billion (+9.9% compared with 1Q 2011);

During first three months of 2012 the Bank’s loan portfolio increased by 0.3% (+8.3% compared with 1Q 2011) to RUB 223.9 billion;

The share of the overdue loans decreased to 3.74% from 4.48% for 1Q 2011.

As at January 1, 2012, Bank Saint Petersburg was ranked 16th in terms of assets and in terms of retail deposits among the Russian banks (Interfax ranking). As at January 1, 2012, the number of cards issued by the Bank exceeded 733 thousand; the Bank’s ATM network comprised of 515 units. Today, the Bank provides services to about 1.2 million individuals and 37 thousand corporates. As at April 1, 2012, Internet-Bank was actively used by 153 thousand clients.

Net Interest Income for 1Q 2012 amounted to RUB 2.8 billion (-3.9% compared with 1Q 2011). Net Fee and Commission Income for 1Q 2012 increased by 23.2% compared with 1Q 2011 and amounted to RUB 486 million. Net Trading Income for 1Q 2012 amounted RUB 210 million (as for April 1, 2011 the loss amounted to RUB 7 million). Profit before Tax for 1Q 2012 amounted to RUB 382 million. Net Income for 1Q 2011 amounted to RUB 259 million.

During 1Q 2012 Bank’s assets increased by 5.6% to RUB 342.3 billion compared with RUB 324.3 billion as at January 1, 2012 (+21.4% compared with 1Q 2011).

Liabilities. As at April 1, 2012 customer accounts amounted to RUB 234.5 billion (-5.0% compared with January 1, 2012; +8.9% compared with April 1, 2011). As at April 1, 2012, the corporate customer accounts amounted to RUB 149.8 billion (-7.6% compared with January 1, 2012; +3.3% compared with April 1, 2011). Retail customer accounts amounted to RUB 84.7 billion (-0.2% compared with January 1, 2012; +20.4% compared with April 1, 2011).

As at April 1, 2012, Bank’s total capital calculated under the CBR regulations amounted to RUB 39.8 billion (+3.5% compared with January 1, 2012) due to high profit and the revaluation of the Bank’s buildings. As a result the capital adequacy as at April 1, 2012 amounted to 11.5% provided the required regulatory minimum is 10%.

Loan portfolio. The loan portfolio grew by 0.3% to RUB 223.9 billion from RUB 223.2 billion as at January 1, 2012 (+8.3 compared with April 1, 2011). Corporate loan portfolio grew by 0.3% to RUB 203.6 billion; retail loan portfolio grew by 0.4% to RUB 20.2 billion.

Provisions amounted to RUB 22.0 billion (+5.5% compared with January 1, 2012). Provisions to loans ratio amounted to 9.8%. In 1Q 2012. As at April 1, 2012, the share of the overdue loans amounted to 3.74% (4.48% as for April 1, 2011); the level of coverage of the overdue loans by provisions amounted to 263.1%.

1Q 2012 RAS Financial Statements are available on the Bank’s website: http://www.bspb.ru/2059