The document discusses the financial results of Bank Saint Petersburg for 1H 2011. It provides details of the bank's market position as one of the largest privately-owned banks in St. Petersburg, Russia. Key highlights include total assets growing 7.1% to RUB 292.1 billion in 1H 2011, with a net income increase of 298.9% to RUB 4.5 billion over the same period. The bank had over 1.1 million retail customers and 35 thousand corporate customers as of September 1, 2011.

1. Образец заголовка
• Образец текста
BANK SAINT PETERSBURG
• Второй уровень
1H 2011 IFRS Results
• Третий уровень
• Четвертый уровень
• Пятый уровень
1
September 13, 2011

2. Образец заголовка
• Образец текста
• Второй уровень
• Третий уровень
• Четвертый уровень
• Пятый уровень
2

3. Summary –
Образец заголовка Bank Saint Petersburg at a glance
 A leading privately-owned universal bank in St. Petersburg and the Leningrad region
• Образец текста
Regional leader
 St. Petersburg market share as at July 1, 2011*:
• Assets: 12.3%
• Loans: 15.6% - corporate, 4.5% - retail
• Второй уровень • Deposits: 11.4% - corporate, 8.0% - retail
• Третий уровень
Focused on
North-West
As at September 1, 2011
 Client base: over 1.1 million retail and 35 thousand corporate customers
 36 branches and outlets (primarily in St. Petersburg), 485 ATMs
• Четвертый уровень
As at July 1, 2011:
• Пятый уровень 16th largest bank by assets and 16th by retail deposits among the Russian banks**
 Ratings: Moody’s Ba3 (Stable outlook)
 Total assets: RUB 292.1 bn (USD 10.5 bn)
Selected financial  Total capital: RUB 39.1 bn (USD 1.4 bn)
and operational  Net income: RUB 4.5 bn (USD 161.3 mln)
 Cost/Income ratio: 28.8%
results  ROAE: 29.8%
 Total capital adequacy: 12.5%
 2,584 employees
3
* Association of North-West banks, Bank Saint Petersburg own estimates
2
** Interfax

4. Образец заголовка of Key Financials
Overview
•
In RUB bnОбразец текста Jan. 1, 2011 July 1, 2011 YTD Jul. 1, 2010 Apr. 1, 2011 July 1, 2011 q-o-q y-o-y
• Второй уровень
Total assets
Gross Loans
272.61
202.25
292.06
217.96
+7.1%
+7.8%
239.46
177.21
282.43
212.75
292.06
217.96
+3.4%
+2.4%
+22.0%
+23.0%
• Третий уровень
Customer Deposits*
Total Capital
202.17
35.87
212.23
39.14
+5.0%
+9.1%
175.23
33.53
200.01
37.43
212.23
39.14
+6.1%
+4.5%
+21.1%
+16.7%
• Четвертый уровень
Net Interest Income
1H 2010
6.01
1H 2011
6.79
y-o-y
+11.7%
2Q 2010
2.99
1Q 2011
3.27
2Q 2011
3.52
q-o-q
+7.7%
y-o-y
+17.6%
• Пятый уровень
Net Fee and Commission
0.76 0.94 +23.0% 0.43 0.44 0.50 +13.8% +17.2%
Income
Revenues** 7.67 8.58 +11.9% 3.34 4.27 4.31 +1.1% +29.0%
Net Income 1.13 4.50 +298.9% 0.78 2.09 2.41 +15.1% +209.4%
1H 2010 1H 2011 y-o-y 2Q 2010 1Q 2011 2Q 2011 q-o-q y-o-y
Net Interest Margin 5.54% 5.07% -47 BP 5.38% 5.00% 5.21% +21 BP -17 BP
Cost/Income Ratio 25.38% 28.78% +3.40 PP 35.52% 26.21% 30.15% +3.94 PP -5.37 PP
ROAE 8.94% 29.80% +20.86 PP 12.17% 28.63% 30.66% +2.03 PP +18.49 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
** 1H 2011 and 2Q 2011 revenues calculation: gains from investment securities available for sale in the amount of RUB 879.3 mln are excluded from revenues as one-off

5. Образец заголовкаTable of contents
• Образец текста
• Второй уровень
• Третий уровень
• Четвертый уровень
• Пятый market position
I. Bank’s
уровень
II. Financial highlights and business overview
III. Recent developments and prospects
5
4

6. Образец заголовка Strong Franchise
• Образец текста
Client base, thou Market share in St. Petersburg as at April 1, 2011: Retail banking*
35
35
• Второй уровень
35 9,5% 9,7%
8,7%
35 7,8% 8,0%
7,1%
31 6,3% 6,1%
• Третий уровень
5,2%
1 100 4,5%
1 000
900
774
581
• Четвертый уровень
2007 2008 2009 2010 1H 2011
YE 2007 YE 2008
Retail loans
YE 2009 YE 2010
Retail deposits
1H 2011
• Пятый share as at July 1, 2011*
Loans, market уровень
Retail Corporate
Market share in St. Petersburg as at April 1, 2011: Corporate banking*
Bank Saint
Petersburg; 15,7% 16,1% 15,6%
12,7% 13,9%
Bank "Russia"; 12,9%
11,8% 11,9%
9,8% 11,5% 10,7% 11,4%
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 1H 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

7. Образец заголовкаTable of contents
• Образец текста
• Второй уровень
• Третий уровень
• Четвертый уровень
• Пятый market position
I. Bank’s
уровень
II. Financial highlights and business overview
III. Recent developments and prospects
7
6

8. Образец Financial Highlights, 2010 – 1H 2011
заголовка
• Образец текста
Assets, RUB, bn Capital, RUB, bn
+ 7.1% + 9.1%
292,1
39,1
• Второй уровень
272,6 35,9
235,6 33,2
215,7
24,2
• Третий уровень
18,5
126,7
• Четвертый уровень
January 1, 2008 January 1, 2009 January 1, 2010 January 1, 2011 July 1, 2011 January 1, 2008 January 1, 2009 January 1, 2010 January 1, 2011 July 1, 2011
• Пятыйdynamics, RUB, mln
Income
уровень Income and expenses data*, RUB, mln
8 580
6 788 7 668
6 078 5 947 7 082
3 965
2 506 2 684
1 944
763 951 939
736 541 1 046 966
167
1H 2010 2H 2010 1H 2011 1H 2010 2H 2010 1H 2011
Net Interest Income Net Fee and Commision Income Net Trading Income Revenues Operating expenses Provisions
8
7
* Results calculation: the expenses from recognition of loans granted at below market rates are included in provisions

9. Образец заголовка2Q 2010 – 2Q 2011
Financial Highlights,
• Образец текста
Assets, RUB, bn Capital, RUB, bn
39,1
292,1 37,4
35,9
282,4 33,5 34,5
272,6
•
239,5
Второй уровень
247,4
• Третий уровень
•
July 1, 2010
Четвертый уровень
October 1, 2010 January 1, 2011 April 1, 2011 July 1, 2011 July 1, 2010 October 1, 2010 January 1, 2011 April 1, 2011 July 1, 2011
• Пятыйdynamics, RUB, mln
Income
уровень 3 520
Income and expenses data*, RUB, mln
3 268
2 993 2 969 2 978 4 267 4 312
3 343 3 513 3 569
1 202 1 565
1 304
426 1 085 185
1
998 1 119
417 535 439 515 500 673
-150 118 49 26 48 293
2Q 10 3Q 10 4Q 10 1Q 11 2Q 11 2Q 10 3Q 10 4Q 10 1Q 11 2Q 11
Net Interest Income Net Fee and Commision Income Net Trading Income Revenues Operating expenses Provisions
9
8
* Results calculation: the gains / losses from recognition of loans granted on below market rates are included in provisions

10. Образец заголовка
Results for 1H 2011
• Образец текста
Cost/income and NIM Operating expenses, RUB, mln
8,0%
354
40,2% 305
• Второй уровень
34,7%
6,5% 24,6%
30,0% 28,8%
261
721
1 009
929
2 684
2 506
• Третий уровень
1 944
5,5% 5,2% 5,1% 1 401
4,9% 1 192
962
• Четвертый уровень
3,0% 1H 10 2H 10 1H 11
FY 07 FY 08 FY 09 FY 10 1H 11
Staff costs Other administrative and operating expenses
Cost/Income NIM
Expenses related to premises and equipment
5000
• Пятый dynamics, RUB, mln
Net income уровень
40,0%
Comments
4000
4 495 ● Net Income well above the FY 2010 result
4 115 30,0%
20,6% 29,8%
3000 ● NIM stable
15,3% 20,0%
2 774
2000
2 009 16,4% ● ROAE well above the target
2,9% 10,0%
1000
0
640 0,0%
FY 07 FY 08 FY 09 FY 10 1H 11
Net Income ROAE
10
9

11. Образец заголовка
Results for 2Q 2011
• Образец текста
Cost/income and NIM Operating expenses, RUB, mln
40,0 186
34,2% 35,8%
• Второй уровень
32,5% 162
30,2% 143
30,0 26,2% 142 168 611
5,4% 420 588 318
20,0 441 1 565
• Третий уровень
1 304
1 201 1 119
5,1% 5,0% 5,2% 1 085
10,0 768
4,7% 502 638 554 633
• Четвертый уровень
0,0 3,0%
2Q 10 3Q 10 4Q 10 1Q 11 2Q 11 2Q 10 3Q 10 4Q 10 1Q 11 2Q 11
Cost/Income NIM Staff costs Other administrative and operating expenses
Expenses related to premises and equipment
3000,00
• Пятый dynamics, RUB, mln
Net income уровень
40,0%
Comments
● Key financials are stable for a number of quarters in a row
28,6% 30,7%
26,0% 30,0%
2000,00 2 405 ● Cost/Income Ratio is in line with the Bank’s target
17,9% 2 090
1 815 20,0%
12,2% ● Deferred payment of RUB 70 mln for the deposit insurance
1000,00 1 173 system is a major growth factor of the other OPEX
10,0%
777
0,00 0,0%
2Q 10 3Q 10 4Q 10 1Q 11 2Q 11
Net Income ROAE
11
10

12. Образец заголовка
Interest Rates and Assets/Liabilities Ratios
Average interest rates on the assets side** Average interest rates on the liabilities side*
•
14,2% 14,1%
Образец текста
15,0%
15,9%
14,8%14,8%
14,5% 10,3%
11,3%
9,8% 9,9% 9,8% 9,7%
9,3% 9,3% 9,0%
13,1%
• Второй уровень
14,4% 8,4% 9,6% 9,8%
13,7% 9,1% 9,0% 7,9%
13,2% 12,0% 8,7%
12,7% 13,0% 12,7% 10,8% 8,1% 8,1% 8,1%
7,2%
12,4% 7,9% 7,9% 5,6% 6,5%
11,7% 10,3% 10,3% 10,3% 7,4% 7,2% 6,1%
6,9% 6,9% 6,7%
• Третий уровень
11,0% 6,5%
6,1% 6,0% 6,0% 6,0%
9,9%
9,3% 9,4% 9,6% 5,1% 5,0% 4,7% 4,7%
2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11
• Четвертый уровень
Average interest rate on loans Average interest rate on IEA Average interest on term corporate deposits
Average interest on IBL
Average interest on term retail deposits
• Пятый уровень
Average Interest Earning Assets (IEA) and Interest Bearing Liabilities (IBL), RUB, bn Comments
265,2 271,2
253,0 254,4
246,7
250,0
216,3 224,5 223,4 231,2
216,4
231,3  Interest rates stable on both sides
197,9 207,6 209,5
197,4 201,8
196,5 203,7
200,0 173,7179,7 178,7
189,0  Loans to deposits ratio is 93.5% - room for
141,9
135,3
161,7
155,8 leverage is still in place
150,0
102,8% 100,5% 93,5%
100,0 99,0% 99,2% 99,7%
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
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

13. ОбразецMain Factors affected NIM in 2Q 2011
заголовка
1Q 2011 NIM – 5.00%
• Образец текста
Average interest rate Average balance
• Второй уровень
Contribution to NIM change: Contribution to NIM change:
• Третий уровень
Loans and advances to customers + 16 bp
Retail term deposits + 9 bp
Trading securities portfolio + 5 bp
• Четвертый уровень
+ 9 bp
Corporate term deposits - 7 bp
• Пятый уровень + 14 bp
Other factors - 2 bp
13
2Q 2011 NIM – 5.21% 12

14. Образец заголовка 2Q 2010 – 2Q 2011
Financial Summary (RUB),
•
RUB bn
Образец текста
Loans and Advances to Customers
2Q 2010
157.62
3Q 2010
176.25
4Q 2010
182.82
1Q 2011
192.58
2Q 2011
198.35
• Второй уровень
Total Assets
Customer Deposits
239.46
175.23
247.43
179.04
272.61
202.17
282.43
200.01
292.06
212.23
• Третий уровень
Total Liabilities 213.88 220.68 244.04 251.78 259.79
Total Shareholders’ Equity 25.58 26.75 28.56 30.66 32.27
Total Capital 33.53 34.50 35.87 37.43 39.14
• Четвертый уровень
Net profit
Net Interest margin
0.77
5.38%
1.17
5.09%
1.82
4.67%
2.09
5.00%
2.41
5.21%
• Пятый уровень
Capital Adequacy
Cost-to-Income ratio
14.35%
32.52%
13.73%
34.21%
12.96%
35.80%
12.65%
26.21%
12.54%
30.15%
Allowance for loan imp. / Gross loans 11.05% 10.30% 9.61% 9.48% 9.00%
Loans / Deposits 92.29% 98.44% 90.43% 96.29% 93.46%
ROAA 1.32% 1.91% 2.77% 3.05% 3.36%
ROAE 12.08% 17.78% 26.03% 28.63% 30.66%
14
13

15. Образец заголовка 2007 – 2H 2011
Financial Summary (RUB),
• Образец текста
RUB bn 2007 2008 2009 2010 1H 2011
Loans and Advances to Customers 91.73 144.88 158.20 182.82 198.35
• Второй уровень
Total Assets 126.66 215.72 235.61 272.61 292.06
Customer Deposits 96.15 144.16 181.14 202.17 212.23
Total Liabilities 111.65 196.91 210.32 244.04 259.79
• Третий уровень
Total Shareholders’ Equity
Total Capital
15.00
18.51
18.81
24.23
25.28
33.22
28.56
35.87
32.27
39.14
• Четвертый уровень
Net profit
Net Interest margin
2.00
5.46%
2.77
6.47%
0.64
5.22%
4.11
4.94%
4.50
5.07%
• Пятый уровень
Capital Adequacy
Cost-to-Income ratio
16.41%
40.21%
14.15%
34.66%
15.19%
24.62%
12.96%
30.03%
12.54%
28.37%
Allowance for loan imp. / Gross loans 2.75% 3.88% 9.14% 9.61% 9.00%
Loans / Deposits 95.40% 100.51% 87.36% 90.43% 93.46%
ROAA 2.15% 1.62% 0.28% 1.62% 3.21%
ROAE 20.60% 16.41% 2.90% 15.28% 29.80%
15
14

16. Образец заголовка
Loan portfolio and quality
Loan portfolio and allowance for loan impairment Loan portfolio by sector, July 1, 2011
210 • Образец текста 174,1 178,1 177,2
196,5 202,3
212,8
218,0
14
12
Health and
entertainment
Transport 2,9%
Other
8,2% Heav y machinery
and ship-building
180 155,2 159,4 15,1%
• Второй уровень
4,2%
150 11,1% 10
10,4% Gov ernment
10,3%
RUB bn
9,6% 9,5% 8 f inanced
(%)
120 9,1% 9,0%
8,5% 4,6%
Construction
90 7,3% 6
• Третий уровень
Production and f ood 13,6%
60 4 industry
5,2%
30 2 Indiv iduals
6,5%
0 0
• Четвертый уровень
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 Oil and gas
6,7% Trade
Loan portfolio Allowance for impairment / Gross loans 12,9%
Real estate
Provision charge (RUB mln)* and problem loans**, %
• Пятый уровень
9,3% Financial serv ices
10,8%
3 086 15
3000 2 737 2 780 Comments
2 384 2 305
8,6% 10  Loan portfolio growth in 1H 2011:
2000 7,5% 7,9% 7,4%
6,7% 7,1% 6,3% 6,2% Before provisions: +7.8% compared with January 1, 2011
5,9% 5,9%
7,1% After provisions: +8.5% compared with January 1, 2011
6,6% 6,9% 6,9%
1000 6,3% 5,8% 5
1 185 5,1% 5,2%
4,6%  As at July 1, 2011:
4,5%
998 673 - Corporate overdue loans – 4.37% (4.80% as at January 1, 2011)
48 293
0 0 - Retail overdue loans – 8.12% (8.77% as at January 1, 2011)
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
Provision charge Overdue loans / Gross loans  RUB 776 mln of the loan portfolio written off in 1H 2011
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 the whole principle of loan at least one day overdue

17. Образец заголовкаliabilities structure
Assets and
• Образец текста
Assets structure, July 1, 2011 Liabilities structure, July 1, 2011
• Второй уровень Amounts receivable
under reverse
Due to other banks;
repurchase Due from other banks Other; 0,5%
• Третий уровень
6,2%
Cash & cash agreements 1,2%
equivalents 1,6% Capital markets;
4,8% 9,6%
Fixed and other
• Четвертый уровень
assets
7,3% Shareholders'
equity; 11,0%
Customer accounts
(corporates);
Securities portfolio 47,1%
• Пятый уровень
17,2%
Loans and advances
to customers
Customer accounts
(individuals);
67,9% 25,6%
17
16

18. Образец заголовка
Trading securities portfolio
• Образец текста
Securities portfolio*, July 1, 2011 Securities portfolio*, January 1, 2011
Russian Federation
Corporate shares
Eurobonds
5,6% Corporate shares
2,2%
• Второй уровень
Federal local bonds 2,7%
10,0% Corporate Eurobonds
8,3%
• Третий уровень
Corporate Eurobonds Federal local bonds
11,5%
11,1%
• Четвертый уровень
Municipal bonds
12,6%
Corporate bonds
60,6%
Municipal bonds
13,8%
Corporate bonds
61,6%
• Пятый уровень Comments
● Conservative approach to risk:
- 90%+ of the debt securities belong to the CBR Lombard list;
- 90% of the debt securities portfolio is rated on par or above the Bank’s rating:
- 70% of the debt securities are BBB- and above rated
- 20% of the debt securities are BB- and above rated
● Average duration is 1.5 years
● No exposure to securities of foreign issuers
18
17
* Securities portfolio includes trading securities and trading securities pledged under sale and repurchase agreements

19. Образец заголовка
Capital and funding
• Образец текста
Capital adequacy*, % Repayment schedule for 2011-2014, USD, mln
16,4%
15,2%
14,1%
436
• Второй уровень
12,3% 13,0% 12,5%
10,7%
9,7% 9,6% 9,7%
263
• Третий уровень 147
78
• Четвертый уровень
YE 2007 YE 2008
Total Capital ratio
YE 2009 YE 2010
Tier 1 Capital ratio
1H 2011 2011 2012 2013 2014
• Пятый уровень
Risk-weighted assets (RWA)*, RUB, bn Comments
33,6
26,9
55,7
 Additional ordinary shares issue in the pipeline; expected
9,5
43,0 capital adequacy after the placement:
32,1
Tier 1: 11.1-11.4%
4,0 Total capital adequacy: 13.1-13.4%
5,2 312,1
276,8
5,1 218,6 206,9 222,8  Further revaluation of c. 3% stake in the MICEX is a factor
9,7 171,2
162,0 177,0
112,7
97,9
YE 2007 YE 2008 YE 2009 YE 2010 1H 2011
RWA - banking book RWA - trading book RWA - off-balance-sheet 19
18

20. Образец заголовкаTable of contents
• Образец текста
• Второй уровень
• Третий уровень
• Четвертый уровень
• Пятый market position
I. Bank’s
уровень
II. Financial highlights
III. Recent developments and prospects
20
19

21. Образец Recent developments and prospects
заголовка
• Образец текста
New HQ launched
• Второй уровень
• Третий уровень
• Четвертый уровень
• Пятый уровень
New share issue – exactly as planned:
- September 10 – the last day of pre-emptive rights execution
- The issue is to be registered with the CBR in October 2011
21
20

22. Образец заголовка
• Образец текста
• Второй уровень
• Третий уровень
• Четвертый уровень
• Пятый уровень
22
21