Bank Saint-Petersburg increases RAS loan portfolio 7.4% to 240 bln rubles in 9mths
MOSCOW. Oct 22 (Interfax) - Bank Saint-Petersburg expanded its loan portfolio according to Russian accounting standards (RAS) by 7.4% to 240 billion rubles in January-September 2012, the bank said in a statement.
Total individual loans went up by 16% o 23.4 billion rubles while total corporate loans increased by 6.5% to 216.2 billion rubles.
As of October 1, 2012, the bank's total provisions for portfolio depreciation came to 25.4 billion rubles. The provision to portfolio ratio came to 10.6%.
The level over overdue debt in the portfolio stood at 3.99% on October 1, 2012. Overdue coverage with provisions came to 266%.
The bank's assets decreased by 3.8% to 312 billion rubles in the period.
As of October 1, 2012, total client funds raised, including issued debt, came to 236.6 billion rubles, down 4.2% from January 1, 2012. Corporate funds decreased by 10.2% to 145.5 billion rubles. Individual funds rose by 7.3% to 91.1 billion rubles.
The bank's net interest revenue in January-September 2012 decreased by 10.9% year-on-year to 8.6 billion rubles while net commission revenue rose by 4.7% to 1.7 billion rubles.
Net revenue from operations on financial markets came to 2.8 billion rubles in January-September 2012, up 20 times from the same period of 2011 (137 million rubles).
The bank's equity according to the Central Bank of Russia's standards stood at 39.7 billion rubles on October 1, 2012, down 0.4% from July 1, 2012. The bank's N1 capital adequacy came to 11.3% on October 1, 2012 (the minimum allowable rate is 10%).
It was earlier reported that Bank Saint-Petersburg posted 886 million rubles in RAS net profit for January-September, down 74%from 3.38 billion rubles in the same period of 2011.
Bank Saint-Petersburg was 15th biggest bank by assets in Russia for the first half of 2012 according to Interfax-100 ranking, compiled by the Interfax Center for Economic Analysis.
