Bank Saint Petersburg reported its 9M 2011 results. It is a leading bank in St. Petersburg with over 1.1 million retail customers and 35,000 corporate customers. As of October 2011, the bank had total assets of RUB 305.8 billion, total capital of RUB 43.6 billion, and net income of RUB 5.6 billion. Key highlights included double-digit growth in total assets, loans, and capital compared to the same period last year.
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Bank Saint Petersburg 9M2011 IFRS Results
1. Образец заголовка
• Образец текста
BANK SAINT PETERSBURG
• Второй уровень
9M 2011 IFRS Results
• Третий уровень
• Четвертый уровень
• Пятый уровень
1
December 2, 2011
2. Образец заголовка
• Образец текста
• Второй уровень
• Третий уровень
• Четвертый уровень
• Пятый уровень
2
3. Summary –
Образец заголовка Bank Saint Petersburg at a glance
• Образец текста
A leading privately-owned universal bank in St. Petersburg and the Leningrad region
St. Petersburg market share as at October 1, 2011*:
Regional leader • Assets: 12.3%
• Второй уровень • Loans: 14.4% - corporate, 4.9% - retail
• Deposits: 10.7% - corporate, 8.3% - retail
• Третий уровень
Focused on
North-West
As at November 1, 2011
Client base: over 1.1 million retail and 35.7 thousand corporate customers
37 branches and outlets (primarily in St. Petersburg), 500 ATMs
• Четвертый уровень
As at October 1, 2011:
• Пятый уровень 16th largest bank by assets and 14th by retail deposits among the Russian banks**
Ratings: Moody’s Ba3 (Stable outlook)
Total assets: RUB 305.8 bn (USD 9.5 bn)
Selected financial Total capital: RUB 43.6 bn (USD 1.4 bn)
and operational Net income: RUB 5.6 bn (USD 175.6 mln)
Cost/Income ratio: 32.6%
results ROAE: 23.3%
Total capital adequacy: 13.5%
2,734 employees
3
* Association of North-West banks, Bank Saint Petersburg own estimates
2
** Interfax
4. Образец заголовка of Key Financials
Overview
•
In RUB bnОбразец текста Jan. 1, 2011 Oct. 1, 2011 YTD Oct. 1, 2010 Jul. 1, 2011 Oct. 1, 2011 y-o-y q-o-q
• Второй уровень
Total assets
Gross Loans
272.61
202.25
305.82
223.70
+12.2%
+10.6%
247.43
196.49
292.06
217.96
305.82
223.70
+23.6%
+13.8%
+4.7%
+2.6%
• Третий уровень
Customer Deposits*
Total Capital
202.17
35.87
221.95
43.60
+9.8%
+21.6%
179.04
34.50
212.23
39.14
221.95
43.60
+24.0%
+26.4%
+4.6%
+11.4%
• Четвертый уровень
Net Interest Income
9M 2010
9.05
9M 2011
10.34
y-o-y
+14.2%
3Q 2010
2.77
2Q 2011
3.52
3Q 2011
3.55
y-o-y
+19.5%
q-o-q
+0.8%
• Пятый уровень
Net Fee and Commission
1.18 1.46 +24.0% 0.42 0.50 0.53 +25.9% +5.1%
Income
Revenues** 11.18 12.25 +9.6% 3.5 4.2 3.8 +8.3% -8.9%
Net Income 1.13 5.64 +145.1% 1.17 2.41 1.14 -2.6% -52.5%
9M 2010 9M 2011 y-o-y 3Q 2010 2Q 2011 3Q 2011 y-o-y q-o-q
Net Interest Margin 5.21% 5.00% -21 BP 5.09% 5.21% 4.98% -23 BP -11 BP
Cost/Income Ratio 28.15% 32.60% +4.45 PP 34.21% 30.15% 41.97% +11.82 PP +7.76 PP
ROAE 11.82% 23.30% +11.48 PP 17.78% 30.66% 13.25% -17.41 PP -4.53 PP
* Customer accounts are calculated as a sum of customer deposits and promissory notes and bills of exchange (other debt securities in issue) 4
3
** Revenues calculation: gains from investment securities available for sale are excluded from revenues as one-off
5. Образец заголовкаTable of contents
• Образец текста
• Второй уровень
• Третий уровень
• Четвертый уровень
• Пятый market position
I. Bank’s
уровень
II. Financial highlights and business overview
III. Recent developments and prospects
5
4
6. Образец заголовка Strong Franchise
• Образец текста
Client base, thou Market share in St. Petersburg as at October 1, 2011: Retail banking*
35,7
35,0
9,5% 9,7%
• Второй уровень
35 8,7%
35 8,3%
7,8%
7,1%
6,3% 6,1%
31
5,2% 4,9%
• Третий уровень
1 100
1 000
900
774
581
•
2007 Четвертый уровень
2008 2009 2010 October 1, 2011
YE 2007 YE 2008
Retail loans
YE 2009 YE 2010
Retail deposits
9M 2011
Retail Corporate
• Пятый share as at July 1, 2011*
Loans, market уровень Market share in St. Petersburg as at October 1, 2011: Corporate banking*
Bank Saint
15,7% 16,1%
Petersburg;
12,7% 13,9% 14,4%
Bank "Russia"; 12,9% 11,9%
11,8% 11,5% 10,7%
9,8% 10,7%
VTB Group; 14,6%
CIT Finance; 4,6%
International Bank
of Saint Petersburg;
3,6%
Baltinvestbank;
Sberbank; 19,5% 3,4%
YE 2007 YE 2008 YE 2009 YE 2010 9M 2011
Others (ca. 140
banks); 31,8% Corporate loans 6
Corporate deposits
5
* Central Bank of Russia, Association of North-West banks, Bank Saint Petersburg own estimates
7. Образец заголовкаTable of contents
• Образец текста
• Второй уровень
• Третий уровень
• Четвертый уровень
• Пятый market position
I. Bank’s
уровень
II. Financial highlights and business overview
III. Recent developments and prospects
7
6
8. Образец заголовка
Financial Highlights, 3Q 2011
• Образец текста
Assets, RUB, bn Capital, RUB, bn
305,8
43,6
282,4 292,1
39,1
• Второй уровень
272,6 37,4
247,4 34,5 35,9
• Третий уровень
• Четвертый уровень
October 1, 2010 January 1, 2011 April 1, 2011 July 1, 2011 October 1, 2011 October 1, 2010 January 1, 2011 April 1, 2011 July 1, 2011 October 1, 2011
• Пятый уровень
Income dynamics, RUB, mln* Income and expenses data**, RUB, mln
3 520 3 548
3 268 4 267 4 179
2 969 2 978 3 569
3 805
3 513
1 565 1 597
1 202 1 304 1 119
535 500 525 998
417 439 673 712
118 49 54 48 293
517
3Q 10 4Q 10 1Q 11 2Q 11 3Q 11 -662 3Q 10 4Q 10 1Q 11 2Q 11 3Q 2011
Net Interest Income Net Fee and Commision Income Net Trading Income Revenues Operating expenses Provisions
8
* Net trading income includes gains from derivatives in the amount of USD 341 mln for 9M 2011 (in 9M 2011 P&L statement included in Other Income). 7
** Results calculation: the expenses /gains from recognition of loans granted at below market rates are included in provisions
9. Образец заголовка
Financial Highlights, 9M 2011
• Образец текста
Assets, RUB, bn Capital, RUB, bn
+ 12.2%
305,8 + 21.6%
272,6 43,6
• Второй уровень215,7
235,6
33,2
35,9
24,2
• Третий уровень
126,7 18,5
• Четвертый уровень
January 1, 2008 January 1, 2009 January 1, 2010 January 1, 2011 October 1, 2011 January 1, 2008 January 1, 2009 January 1, 2010 January 1, 2011 October 1, 2011
• Пятый уровень
Income dynamics, RUB, mln*
12 024
Income and expenses data**, RUB, mln
15 192 14 750
10 421 10 336
9 503 12 252
11 112
10 512
4 668 6 040 5 010
3 852 4 281
2810 3 773 4 450
1464 3 396
1386 1489 1715 2 429
889 903 1 678
393 103 1 007
-91
FY 07 FY 08 FY 09 FY 10 9M 11 FY 07 FY 08 FY 09 FY 10 9M 11
Net Interest Income Net Fee and Commision Income Net Trading Income Revenues Expenses Provisions
9
* Net trading income includes gains from derivatives in the amount of USD 341 mln for 9M 2011 (in 9M 2011 P&L statement included in Other Income). 8
** Results calculation: the expenses /gains from recognition of loans granted at below market rates are included in provisions
10. Образец заголовка
Results for 3Q 2011
• Образец текста
Cost/income and NIM, % Operating expenses, RUB, mln
50,0 186 229
42,0%
40,0
30,0
• Второй уровень
34,2% 35,8%
26,2%
30,2%
143
420
162
588
168 611 598
318
20,0
10,0
• Третий уровень
5,1%
4,7%
5,0% 5,2% 5,0%
638 554 633
768 770
• Четвертый уровень
0,0 3,00%
3Q 10 4Q 10 1Q 11 2Q 11 3Q 11 3Q 10 4Q 10 1Q 11 2Q 11 3Q 11
Cost/Income NIM Staff costs Other administrative and operating expenses
Expenses related to premises and equipment
• Пятый dynamics, RUB, mln
Net income уровень Comments
3000 40,0% ● Steady growth of net interest income and fee&commission
30,7% income;
28,6%
26,0% 30,0%
2000 2 405
● Q-o-Q operating costs are flat;
17,9% 1 815 2 090
20,0%
13,3%
1000 1 173 ● 3Q 2011 Cost/Income Ratio is up at the back of negative result
1 143 10,0% from trading operations;
0 0,0% ● 3Q 2011 ROAE is down due to the negative result from trading
3Q 10 4Q 10 1Q 11 2Q 11 3Q 11 operations and increased provisions
Net Income ROAE 10
9
11. Образец заголовка
Results for 9M 2011
• Образец текста
Cost/income and NIM Operating expenses, RUB, mln
8,0%
40,2% 583
34,7%
• Второй уровень
32,6%
30,0% 404 1 527
6,5% 24,6%
1 141 4 281
5,5% 3 146
• Третий уровень
5,2% 5,0% 2171
4,9%
1600
3,0% 9M 10 9M 11
•
FY 07
Четвертый уровень
FY 08 FY 09
Cost/Income
FY 10
NIM
9M 2011 Staff costs
Expenses related to premises and equipment
Other administrative and operating expenses
• Пятый dynamics, RUB, mln
Net income уровень Comments
6000 30,0% ● Strong core income generation
5000
20,6% 5 638
16,4% ● All 9M 2011 key ratios are in line with the Bank’s target:
4000
4 115 23.3% 20,0%
3000
2 774 15,3% - ROAE > 20%
2000 10,0%
2 009 2,9%
1000 - NIM ar. 5%
0 640 0,0%
FY 07 FY 08 FY 09 FY 10 9M 11 - Cost/Income Ratio within the range of 30-35%
Net Income ROAE
11
10
12. Образец заголовка
Interest Rates and Assets/Liabilities Ratios
Average interest rates on the liabilities side* Average interest rates on the assets side**
• Образец текста
11,3%
15,9%
10,3%
15,0% 14,8% 14,8% 14,5% 9,9% 9,8% 9,7%
14,2% 14,1% 9,3% 9,3%
9,0%
• Второй уровень 8,1% 9,8% 9,8%
14,4% 13,1% 9,6%
7,9%
13,7% 9,1% 9,0%
12,0% 8,7%
13,0% 13,2% 7,2%
12,7% 12,7% 12,4% 8,4% 8,1% 7,9% 8,1%
10,8% 7,9% 6,5%
• Третий уровень
10,3% 10,3% 10,3% 10,1% 7,4% 6,1% 6,0%
11,7% 7,2%
6,9% 6,9%
11,0% 6,7% 6,7% 6,6%
6,1% 6,0% 6,0% 6,0%
9,9% 5,7%
9,6% 9,3%
9,3% 9,4% 5,1% 5,0% 4,7% 4,7% 4,6%
•
2Q08 3Q08
Четвертый уровень
4Q08 1Q09 2Q09 3Q09 4Q09
Average interest rate on loans
1Q10 2Q10 3Q10 4Q10 1Q11
Average interest rate on IEA
2Q11 3Q11 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10
Average interest on term corporate deposits
2Q10 3Q10 4Q10 1Q11 2Q11
Average interest on IBL
3Q11
• Пятый уровень
Average IEA and IBL (RUB bn)
265,2
271,2
282,5
262,8
Comments
253,0 246,7 254,4
Interest rates are stable
250,0 216,3 224,5 223,4 231,2 231,3
196,5 207,6 209,5 216,4
197,9 197,4 203,7
201,8
200,0 173,7 189,0
141,9
161,7 179,7 178,7
135,3
155,8
Loans to deposits ratio is close to the target
150,0
102,8% 100,5% 93,5% 93,7%
99,0% 99,2% 99,7%
100,0 98,4% 96.3%
94,9%
92,3% 92,3%
50,0 90,4%
87,4%
0,0 80,0%
2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11
Average IEA Average IBL Loans/Deposits Ratio 12
* Average liabilities: due to banks, customer accounts including current accounts, debt securities in issue 11
** Average assets: loans, due from banks, securities portfolio, correspondent accounts
13. ОбразецMain Factors affected NIM in 3Q 2011
заголовка
2Q 2011 NIM – 5.21%
• Образец текста
Average interest rate Average balance
• Второй уровень
Contribution to NIM change: Contribution to NIM change:
• Третий уровень
Correspondent accounts -7 bp
Loans and advances to customers -13 bp
Loans and advances to customers +11 bp
Trading securities portfolio -11 bp
• Четвертый уровень Due to banks
Retail term deposits
+5 bp
-8 bp
Corporate term deposits +7 bp
• Пятый уровень -17 bp
+1 bp
Other factors - 7 bp
13
3Q 2011 NIM – 4.98% 12
14. Образец заголовка 3Q 2010 – 3Q 2011
Financial Summary (RUB),
•
RUB bn
Образец текста
Loans and Advances to Customers
3Q 2010
176.25
4Q 2010
182.82
1Q 2011
192.58
2Q 2011
198.35
3Q 2011
203.37
• Второй уровень
Total Assets
Customer Deposits
247.43
179.04
272.61
202.17
282.43
200.01
292.06
212.23
305.82
221.95
• Третий уровень
Total Liabilities 220.68 244.04 251.78 259.79 269.68
Total Shareholders’ Equity 26.75 28.56 30.66 32.27 36.14
Total Capital 34.50 35.87 37.43 39.14 43.60
• Четвертый уровень
Net profit
Net Interest margin
1.17
5.09%
1.82
4.67%
2.09
5.00%
2.41
5.21%
1.14
4.98%
• Пятый уровень
Capital Adequacy
Cost-to-Income ratio
13.73%
34.21%
12.96%
35.80%
12.65%
26.21%
12.54%
30.15%
13.45%
41.97%
Allowance for loan imp. / Gross loans 10.30% 9.61% 9.48% 9.00% 9.09
Loans / Deposits 98.44% 90.43% 96.29% 93.46% 93.70%
ROAA 1.91% 2.77% 3.05% 3.36% 1.52%
ROAE 17.78% 26.03% 28.63% 30.66% 13.25%
14
13
15. Образец заголовка 2007 – 9M 2011
Financial Summary (RUB),
• Образец текста
RUB bn 2007 2008 2009 2010 9M 2011
Loans and Advances to Customers 91.73 144.88 158.20 182.82 203.37
• Второй уровень
Total Assets 126.66 215.72 235.61 272.61 305.82
Customer Deposits 96.15 144.16 181.14 202.17 221.95
Total Liabilities 111.65 196.91 210.32 244.04 269.68
• Третий уровень
Total Shareholders’ Equity
Total Capital
15.00
18.51
18.81
24.23
25.28
33.22
28.56
35.87
36.14
43.60
• Четвертый уровень
Net profit
Net Interest margin
2.00
5.46%
2.77
6.47%
0.64
5.22%
4.11
4.94%
5.64
5.00%
• Пятый уровень
Capital Adequacy
Cost-to-Income ratio
16.41%
40.21%
14.15%
34.66%
15.19%
24.62%
12.96%
30.03%
13.45%
32.60%
Allowance for loan imp. / Gross loans 2.75% 3.88% 9.14% 9.61% 9.09%
Loans / Deposits 95.40% 100.51% 87.36% 90.43% 93.70%
ROAA 2.15% 1.62% 0.28% 1.62% 2.61%
ROAE 20.60% 16.41% 2.90% 15.28% 23.30%
15
14
16. Образец заголовка
Loan portfolio and quality
Loan portfolio and allowance for loan impairment Loan portfolio by sector, October 1, 2011
210
• Образец текста 174,1 178,1 177,2
196,5
202,3 212,8
218,0 224,0
14
Health and
Other
8,7%
Heavy machinery and
180 12 entertainment ship-building
155,2 159,4
• Второй уровень
3,1% 13,6%
150 11,1% 10
10,4% 10,3% Transport
RUB bn
(%)
120 9,1% 9,6% 9,5% 9,0% 9,1% 8 4,5%
8,5% Government financed
90 7,3% 6 4,9%
60
30
• Третий уровень 4
2
Production and food
industry
5,1%
Construction
13,3%
Individuals
0 0
• Четвертый уровень
7,0% Trade
Jul 1, 09 Oct. 1, 09 Jan 1, 09 Apr 1, 10 Jul 1, 10 Oct 1, 10 Jan 1, 11 Apr 1, 11 Jul 1, 11 Oct 1, 11 12,6%
Oil and gas
Loan portfolio Allow ance for impairment / Gross loans 7,4%
Real estate Financial services
• Пятый уровень
Provision charge (RUB mln)* and problem loans**, % 9,7% 10,1%
3 086 15 Comments
3000 2 737 2 780
2 384 2 305
Loan portfolio growth in 9M 2011:
8,6% 10
2000 7,5% 7,9% 7,4% Before provisions: +10.6% compared with January 1, 2011
6,7% 7,1% 6,8%
6,3% 6,2%
5,9% 5,9% After provisions: +11.2% compared with January 1, 2011
6,9% 7,1% 6,9% 4,6%
6,6% 5
1000 6,3% 5,8% As at October 1, 2011:
1 185 5,1% 5,2%
4,5% 4,6%
- Corporate overdue loans – 4.36% (4.80% as at January 1, 2011)
717
998
48
673 - Retail overdue loans – 7.23% (8.77% as at January 1, 2011)
0 293 0
Apr 1, 09 Jul 1, 09 Oct. 1, 09 Jan 1, 09 Apr 1, 10 Jul 1, 10 Oct 1, 10 Jan 1, 11 Apr 1, 11 Jul 1, 11 Oct 1, 11
RUB 776 mln of the loan portfolio written off in 9M 2011
Provision charge Overdue loans / Gross loans Impaired not past due* / Gross loans
16
* Provision charge calculation: the losses / gains on loans granted at below market rates are included in provision charge
15
** Ratios for April 1, July 1, and October 1, 2009 are ratios for restructured loans; overdue loans include and impaired not past due loans the whole principle of loan at least one day overdue or impaired
17. Образец заголовкаliabilities structure
Assets and
• Образец October 1, 2011
Assets structure, текста Liabilities structure, October 1, 2011
• Второй уровень
Amounts receiv able under
rev erse repurchase
agreements
Due f rom other banks Due to other
Other; 0,8%
1,0% banks; 5,1%
• Третий уровень
2,2%
Capital markets;
Cash & cash equiv alents
9,8%
6,4%
• Четвертый уровень
Customer
Shareholders'
accounts
Fixed and other assets equity; 11,8%
7,5% Loans and adv ances to
(corporates);
customers 46,2%
• Пятый уровень
Securities portf olio
16,3%
66,5%
Customer
accounts
(individuals);
25,6%
17
16
18. Образец заголовка
Trading securities portfolio
• Образец текста
Securities portfolio*, October 1, 2011 Comments
● Conservative approach to risk:
• Второй уровень
Federal local bonds
10,3%
Corporate shares
1,2%
- 90%+ of the debt securities belong to the CBR Lombard list;
● Average duration is 1.5 years;
• Третий уровень
Corporate Eurobonds
10,9%
● No exposure to problem European assets
• Четвертый уровень
Municipal bonds
13,8% Corporate bonds
• Пятый уровень 63,8%
18
17
* Securities portfolio includes trading securities and trading securities pledged under sale and repurchase agreements
19. Образец заголовка
Capital and funding
• Образец текста
Capital adequacy, % Repayment schedule for 2011-2014, USD, mln
16,4%
15,2%
14,1%
• Второй уровень
12,3% 13,0% 13,5%
386
10,7% 10,5%
9,7% 9,6%
• Третий уровень
147
71
30
• Четвертый уровень
YE 2007 YE 2008
Total Capital ratio
YE 2009 YE 2010
Tier 1 Capital ratio
9M 2011 2011 2012 2013 2014
• Пятый уровень
Risk-weighted assets (RWA), RUB, bn Comments
37,7
26,9 54,2 Additional ordinary shares issue successfully completed in
9,5 43,0 November 2011
32,1
4,0
5,2
Further revaluation of c. 3% stake in the MICEX is a factor
324,2
276,8
5,1 218,6 232,3
206,9
9,7 171,2
162,0 177,0
112,7
97,9
YE 2007 YE 2008 YE 2009 YE 2010 9M 2011
RWA - banking book RWA - trading book RWA - off-balance-sheet
19
18
20. Образец заголовкаTable of contents
• Образец текста
• Второй уровень
• Третий уровень
• Четвертый уровень
• Пятый market position
I. Bank’s
уровень
II. Financial highlights
III. Recent developments and prospects
20
19
21. Образец Recent developments and prospects
заголовка
• Образец текста
New share issue successfully completed:
•- the EBRD is a new shareholder with 6.17% of the voting shares;
Второй уровень
- USD 75 million subordinated debt to be repaid by the end of January 2012
• Третий уровень
Relocation to the new premises completed
• Четвертый уровень
• Пятый уровень
21
20
22. Образец заголовка
• Образец текста
• Второй уровень
• Третий уровень
• Четвертый уровень
• Пятый уровень
22
21