Bank Saint Petersburg 9M2011 IFRS Results

Образец заголовка
• Образец текста
BANK SAINT PETERSBURG
• Второй уровень
9M 2011 IFRS Results
• Третий уровень
• Четвертый уровень
• Пятый уровень

1
December 2, 2011


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Summary –
Образец заголовка Bank Saint Petersburg at a glance

 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

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
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

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

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%

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%

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%

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

Образец заголовкаTable of contents
• Пятый market position
I. Bank’s
уровень
II. Financial highlights and business overview
III. Recent developments and prospects

5
4

Образец заголовка Strong Franchise
Client base, thou Market share in St. Petersburg as at October 1, 2011: Retail banking*

35,7
35,0
9,5% 9,7%

35 8,7%
35 8,3%
7,8%
7,1%
6,3% 6,1%
31
5,2% 4,9%

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

I. Bank’s
уровень
II. Financial highlights and business overview

7
6

Financial Highlights, 3Q 2011

Assets, RUB, bn Capital, RUB, bn
305,8
43,6
282,4 292,1
39,1

272,6 37,4
247,4 34,5 35,9

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

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

Financial Highlights, 9M 2011

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

126,7 18,5

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

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

Results for 3Q 2011

Cost/income and NIM, % Operating expenses, RUB, mln

50,0 186 229
42,0%
40,0

30,0
34,2% 35,8%

26,2%
30,2%
143

420
162

588
168 611 598

318
20,0

10,0
5,1%
4,7%
5,0% 5,2% 5,0%
638 554 633
768 770

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

Results for 9M 2011

Cost/income and NIM Operating expenses, RUB, mln
8,0%

40,2% 583
34,7%

32,6%
30,0% 404 1 527
6,5% 24,6%
1 141 4 281
5,5% 3 146

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

Interest Rates and Assets/Liabilities Ratios
Average interest rates on the liabilities side* Average interest rates on the assets side**

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%

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

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

ОбразецMain Factors affected NIM in 3Q 2011
заголовка
2Q 2011 NIM – 5.21%

Average interest rate Average balance

Contribution to NIM change: Contribution to NIM change:

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

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

Total Assets

Customer Deposits
247.43

179.04
272.61

202.17
282.43

200.01
292.06

212.23
305.82

221.95

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

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%

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%

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13

Образец заголовка 2007 – 9M 2011
Financial Summary (RUB),

RUB bn 2007 2008 2009 2010 9M 2011

Loans and Advances to Customers 91.73 144.88 158.20 182.82 203.37

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

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

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%

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

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

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

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

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

Образец заголовкаliabilities structure
Assets and

• Образец October 1, 2011
Assets structure, текста Liabilities structure, October 1, 2011

Amounts receiv able under
rev erse repurchase
agreements
Due f rom other banks Due to other
Other; 0,8%
1,0% banks; 5,1%

2,2%
Capital markets;
Cash & cash equiv alents
9,8%
6,4%

Customer
Shareholders'
accounts
Fixed and other assets equity; 11,8%
7,5% Loans and adv ances to
(corporates);
customers 46,2%

Securities portf olio
16,3%
66,5%
Customer
accounts
(individuals);
25,6%

17
16

Trading securities portfolio

Securities portfolio*, October 1, 2011 Comments

● Conservative approach to risk:

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;

Corporate Eurobonds
10,9%
● No exposure to problem European assets

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

Capital and funding

Capital adequacy, % Repayment schedule for 2011-2014, USD, mln

16,4%
15,2%
14,1%

12,3% 13,0% 13,5%
386
10,7% 10,5%
9,7% 9,6%

147
71
30

YE 2007 YE 2008

Total Capital ratio
YE 2009 YE 2010

Tier 1 Capital ratio
9M 2011 2011 2012 2013 2014

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
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I. Bank’s
уровень
II. Financial highlights

20
19

Образец Recent developments and prospects
заголовка
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
Relocation to the new premises completed


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Bank Saint Petersburg 9M2011 IFRS Results

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