Bank Saint Petersburg lowers assets slightly in Q1
ST. PETERSBURG. April 29 (Interfax) - Bank Saint Petersburg reduced its assets by 0.7% to 239.2 billion rubles in the first quarter of 2010, the bank said in a statement.
The bank's loan portfolio increased by 2.1% to 169.5 billion rubles in January-March. As of April 1, 2010, overdue loans accounted for 5.64% of the portfolio, up from 4.61% on January 1, 2010. Total overage on loan loss reserves came to 166%.
Leftover funds in client accounts decreased by 5.3% to 175.7 billion rubles, including corporate funds - down 9.6% to 114.3 billion rubles and individuals - up 3.8% to 61.4 billion rubles.
The bank's equity decreased by 1.3% for the three months to 33.5 billion rubles while the capital efficiency rating came to 15.1% on April 1.
Bank Saint Petersburg's net profit in January-March 2010 increased by 10.9% to 322.5 million rubles.
Bank Saint Petersburg was 17th largest Russian bank by assets at the end of 2009 according to the Interfax-100, compiled by the Interfax Center for Economic Analysis (CEA).