27 Nov 2014 13:40

Bank Saint Petersburg forecasts 10% growth in 2015 loan portfolio

MOSCOW. Nov 27 (Interfax) - Bank Saint Petersburg is forecasting a 10% increase in its lending portfolio in 2015 after a 8%-10% increase in 2014, the bank said on its website in a presentation on IFRS results.

Cost of risk is projected at 200 basis points in 2015, the same as in 2014.

The cost-to-income ratio is expected to be 40%-43% versus 42%-43% in 2014.

A quarter before, the bank had been expecting cost of risk to be 180-200 basis points for 2014.

ROAE is expected at over 10% in 2015, while the 2014 forecast is 10%-12%.

Bank Saint Petersburg was Russia's 16th largest bank by assets at the end of 9M 2014, according to the Interfax-100 ranking.