Bank Saint Petersburg expands loan portfolio 13.3% in 2011
MOSCOW. Feb 14 (Interfax) - Bank Saint Petersburg increased total client loans in 2011 by 13.3% to 223.2 billion rubles, the bank said in a press release.
The bank's total corporate loan portfolio increased by 13.5% to 203 billion rubles on January 1, 2012. The consumer loan portfolio went up by 10.8% to 20.2 billion rubles.
Bank Saint Petersburg's net interest revenue went up by 5.7% to 12.8 billion rubles. Net commission revenue increased by 18.9% to 2 billion rubles.
Pretax profit came to 7 billion rubles, which was an increase of 131.2%. Net profit for 2011 came to 4.2 billion rubles, up 177.3%
The bank's assets went up by 18.8% to 322.6 billion rubles in 2011.
Total client funds raised, including issues debt obligations, went up by14% to 246.9 billion rubles, including corporate funds - up 11.5% to 162 billion rubles, and individual client funds - up 19.1% to 84.9 billion rubles
The bank's equity, according to the Central Bank of Russia's standards, came to 40 billion rubles on January 1, 2012 (up 18.4% from January 1, 2011). As a result, the bank's H1 capital sufficiency level came to 12% on January 1, 2012 while the normative level was 10%.
Total reserves came to 20.9 billion rubles, up 8.5% for 2011. The reserve to loan ratio came to 9.3%. The overdue debt share came to 3.41% on January 1, 2012, compared to 4.12% a year previous. The bank's overdue coverage level came to 273.9%.
Bank Saint-Petersburg was 16th biggest bank in Russia by assets at the end of 2011 according to the Interfax-100 Ranking, compiled by the Interfax Center for Economic Analysis.
As of January 1, 2012, the bank was providing services to over 1.1 million individuals and over 36,000 companies. Total bank cards issued by Bank Saint Petersburg came to 720,000 units. Total bank machines came to 504 units. Total internet banking users came to over 145,000 clients.