BANK SAINT PETERSBURG 1Q 2010 IFRS Results · Bank Saint Petersburg at a glance 2 Regional...

BANK SAINT PETERSBURG1Q 2010 IFRS Results

June 10, 2010

Образец заголовка

• Образец текста• Второй уровень• Третий уровень• Четвертый уровень• Пятый уровень

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Summary –Bank Saint Petersburg at a glance

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Regional leaderRegional leader

Focused on North-West

Focused on North-West

Selected financial and operational

results

Selected financial and operational

results

� A leading private universal bank in St. Petersburg and the Leningrad region� St. Petersburg market share as at April 1, 2010*:

• Assets: 13.0%• Loans: 16.3% - corporate, 6.0% - retail• Deposits: 11.5% - corporate, 9.7% - retail

As at April 1, 2010� Client base: over 950,000 retail and 34,600 corporate customers� 36 branches and outlets (primarily in St. Petersburg), 441 ATMs

As at April 1, 2010:

�17th largest bank by assets and 13th by retail deposits among the Russian banks**� Ratings: Moody’s Ba3 (Negative outlook)� Total assets: RUB 232.1 bn (USD 7.9 bn)� Total capital: RUB 33.1 bn (USD 1.1 bn)� Net income: RUB 349.8 mln (USD 11.9 mln)� Gross loans: RUB 178.1 bn (USD 6.0 bn)� Customer accounts: RUB 172.9 bn (USD 5.9 bn)� Cost/Income ratio: 19.9%� Total capital adequacy: 14.4%� 2,284 employees

* Association of North-West banks, Bank Saint Petersburg own estimates** Interfax



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RUB 349.8 mln (USD 11.9 mln)+ 45.5% compared with 1Q 2009- 4.6% compared with 4Q 2009

April 1, 2010 – January 1, 2010 April 1, 2010 – April 1, 2009

Net IncomeNet Income

AssetsAssets

Total capitalTotal capital

Loan portfolioLoan portfolio

Customer accounts*Customer accounts*

Cost/Income Ratio – 19.9%

Capital Adequacy – 14.4%Key ratiosKey ratios

RUB 178.1 bn (USD 6.0 bn)+ 2.3% compared with Jan 1, 2009 + 18.7% compared with Apr 1, 2009

RUB 172.9 bn (USD 5.9 bn)- 4.5% compared with Jan 1, 2009 + 21.3% compared with Apr 1, 2009

* Customer accounts are calculated as a sum of customer deposits and promissory notes and bills of exchange (other debt securities in issue)



Key indicators

33



4

Table of contents

44

I. Bank’s market position

II. Financial highlights and business overview

III. Recent developments



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Strong Franchise

Client baseClient base Market share in St. Petersburg: Retail banking*Market share in St. Petersburg: Retail banking*

Market share in St. Petersburg: Corporate banking*Market share in St. Petersburg: Corporate banking*

* Central Bank of Russia, Association of North-West banks, Bank Saint Petersburg own estimates55

9,7%

12,9%

15,7% 16,3%

13,9%

11,5%11,5%11,9%11,8%

8,9%

YE 2006 YE 2007 YE 2008 YE 2009 April 1, 2010

Corporate loans Corporate deposits

3,5%

6,3%7,1%

6,1% 6,0%6,0%

7,8%

9,5% 9,7% 9,7%

YE 2006 YE 2007 YE 2008 YE 2009 April 1, 2010

Retail loans Retail deposits

451581

774900

26

31

35

35

953

34,5

2006 2007 2008 2009 April 1, 2010

Retail Corporate

Loans: (market share as at April 1, 2010)*Loans: (market share as at April 1, 2010)*

Sberbank21,1%

VTB Group14,3%

Others38,2%

KIT Finance6,0%

Bank Saint Petersburg

13,7%Bank "Russia"

6,7%



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Table of contents

66






7

Financial Highlights, QoQ, 2009 – 1Q 2010

Assets, RUB, bnAssets, RUB, bn

Income dynamics, RUB mlnIncome dynamics, RUB mln Income and expenses data, RUB mlnIncome and expenses data, RUB mln

Capital, RUB bnCapital, RUB bn

77

219,2

214,0217,5

235,6232,1

1Q 2009 2Q 2009 3Q 2009 4Q 2009 1Q 2010

4 360

2 997

3 657

4 594 4 405

823 847 9091194

859

3 086

2 384 2 3052 737 2 780

1Q 2009 2Q 2009 3Q 2009 4Q 2009 1Q 2010

Income before tax, provisions and operating expenses Operating expenses Provisions

3 085

326 373 359 430 337

1 275

189

641 705887

2 305 2 285

2 7743 057

1Q 2009 2Q 2009 3Q 2009 4Q 2009 1Q 2010

Net Interest Income Net Fee and Commision Income Net Trading Income

24,826,4 27,4

33,2 33,1

1Q 2009 2Q 2009 3Q 2009 4Q 2009 1Q 2010



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Results for 1Q 2010

Cost/income and NIMCost/income and NIM Operating expenses, RUB mln, and cost / income rati oOperating expenses, RUB mln, and cost / income rati o

CommentsCommentsNet income dynamics, RUB mlnNet income dynamics, RUB mln

88

● Strong revenues generation – RUB 4.4 bn for 1Q 2010 with trading income remaining on the high level

● Net interest income is a key source of income; NIM stable

● Cost/income ratio consistently low

823 847 9091 194

859

409 323 435 539 460

273 395346

519

280141 128 119

136

128

1Q 2009 2Q 2009 3Q 2009 4Q 2009 1Q 2010

Staff costs Other administrative and operating expenses

Expenses related to premises and equipment

322 350367

240

-289

5,6%6,6%6,8%

-6,2%

5,2%

-300

700

1Q 2009 2Q 2009 3Q 2009 4Q 2009 1Q 2010

-10,0%

0,0%

10,0%

Net Income ROAE

19,5%

29,3%25,3%

27,5%

19,9%

5,6%5,6%5,5%4,9%5,2%

1Q 2009 2Q 2009 3Q 2009 4Q 2009 1Q 2010

Cost/Income NIM



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Financial Summary (RUB), q-o-q, 2009 – 1Q 2010

5.57%

0.61%

92.29%

10.37%

19.86%

14.35%

5.57%

0.35

33.15

25.63

206.44

172.95

232.08

159.61

1Q 2010RUB bn 1Q 2009 2Q 2009 3Q 2009 4Q 2009

Loans and Advances to Customers 141.04 143.90 145.77 158.20

Total Assets 219.19 214.00 217.47 235.61

Customer Accounts* 142.47 145.22 146.23 181.14

Total Liabilities 200.12 195.43 198.53 210.32

Total Shareholders’ Equity 19.07 18.61 18.93 25.28

Total Capital 24.78 26.39 27.35 33.22

Net profit 0.24 -0.29 0.32 0.37

Net Interest margin 5.23% 4.90% 5.45% 5.61%

Capital Adequacy 14.11% 13.83% 14.08% 15.19%

Cost-to-Income ratio 19.49% 29.31% 25.33% 27.49%

Provisions / Gross loans 5.96% 7.29% 8.54% 9.14%

Loans / Deposits 98.99% 99.16% 99.69% 87.36%

ROAA 0.45% -0.54% 0.59% 0.64%

ROAE 5.15% -6.16% 6.81% 6.58%

99* Customer accounts are calculated as a sum of customer deposits and promissory notes and bills of exchange (other debt securities in issue)



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Loan portfolio and quality

Loan portfolio and provisionsLoan portfolio and provisions Loan portfolio by sector, April 1, 2010Loan portfolio by sector, April 1, 2010

CommentsCommentsProblem loans, %Problem loans, %

1010

� Loan portfolio growth in 1Q 2010:Before provisions: +2.3% compared with January 1, 2010After provisions: +0.9% compared with January 1, 2010

� As at April 1, 2010:- Corporate overdue loans – 8.39% (7.11% as at January 1, 2010)- Retail overdue loans – 10.60% (10.07% as at January 1, 2010)

� 0.13% (RUB 230 mln) of the loan portfolio written off in 1Q 2010

* Ratios for all dates except Jan 1, and Apr 1, 201 0 are ratios for restructured loans

Other5,2%

Energy0,7%

Telecom0,9%Sports and health

2,7%

Transport3,2%

Government financed

3,3%

Chemical industry3,9%

Oil and gas4,4%

Food industry6,2%

Financial services7,4%

Individuals8,0%

Real estate9,6%

Trade13,0%

Construction13,4%

Heavy machinery and ship-building

18,1%

178,1174,1159,4155,2150,0 10,4

9,18,5

7,3

6,0

0,00

30,00

60,00

90,00

120,00

150,00

180,00

1Q 2009 2Q 2009 3Q 2009 4Q 2009 1Q 2010

RU

B b

ln

0,0

2,0

4,0

6,0

8,0

10,0

(%)

Loan portfolio Provisions / Gross loans

8,6

7,4

6,9

7,5

4,5

6,3

7,1

7,9

6,6

6,7

0

2

4

6

8

10

1Q 2009 2Q 2009 3Q 2009 4Q 2010 1Q 2010

Overdue loans / Gross loans Impaired not past due* / Gross loans



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Assets and liabilities structure

Assets structure, April 1, 2010Assets structure, April 1, 2010 Liabilities structure, April 1, 2010Liabilities structure, April 1, 2010

1111

Comments Comments

Due to other banks; 8%

Capital markets; 6%

Shareholders' equity; 11%

Customer accounts

(individuals); 27%

Customer accounts

(corporates); 48%

Loans and advances to

customers; 69%

Securities portfolio; 14%

Fixed and other assets; 7%

Cash & cash equivalents; 6%

Amounts receivable under reverse

repurchase agreements; 3%

� Balance sheet structure back to pre-crisis form

� Loans to deposit ratio - 92%

� CBR funding fully repaid as at April 1, 2010

(RUB 8.7 bn as at January 1, 2010)



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Capital and funding

Capital adequacy, %Capital adequacy, % Repayment schedule for 2010-2013, USD mlnRepayment schedule for 2010-2013, USD mln

CommentsComments

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� April, 2010 – RUB 5 bn bonds issue (coupon rate – 8.1% annually)

12,8%

16,4%14,1%

15,2% 14,4%

10,2%10,7%9,7%

12,3%

7,9%

YE 2006 YE 2007 YE 2008 YE 2009 April 1, 2010

Total Capital ratio Tier 1 Capital ratio

8,638,5

199,1

68,4

2010 2011 2012 2013



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Table of contents

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Recent developments

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� April 29, 2010 – Annual Shareholders Meeting

- Changes in the Supervisory Board composition:- Andrey Bychkov, representative of Vnesheconombank, joined the Board- Sergey Eganov left the Board

- Dividends for 2009:- dividends on the ordinary and preferred stock – in line with the previous periods (RUB 33.2 mln);- dividends on the type A preferred stock - according to the Bank’s Charter (RUB 829 mln)

� April, 2010 – RUB 5 bn bonds issue (coupon rate – 8.1% annually)

� Partnership with IFC through its Global Trade Finance Pr ogram(agreement on the USD 40 mln guarantee facility)



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Presentation team

Konstantin BalandinDeputy Chairman of the Management Board

Konstantin NoskovDirector, International Finance and Financial Institutions

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All information for the investors is available on the Bank’s web site: http://en.bspb.ru/194/Contact information:E-mail: [email protected]: +7 (812) 332 78 36

Tatiana OreshkinaHead of IR

BANK SAINT PETERSBURG 1Q 2010 IFRS Results · Bank Saint Petersburg at a glance 2 Regional...

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