Bank Saint Petersburg FY2012 IFRS Results

91
-1

Published on

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
91
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Bank Saint Petersburg FY2012 IFRS Results

  1. 1. All information for the investors is available on the Bank’s web site: https://www.bspb.ru/en/investors/ Contact information: E-mail: ir@bspb.ru Phone: +7 812 332 78 36 2
  2. 2.   A leading privately-owned universal bank in St. Petersburg and the Leningrad region St. Petersburg market share as at January 1, 2013*: • Assets: 12.6% • Loans: 13.0% - corporate, 4.8% - retail • Deposits: 9.8% - corporate, 8.0% - retail As at January 1, 2013  Client base: more than 1.2 million retail and 38.9 thousand corporate customers  41 branches and outlets (primarily in St. Petersburg), 547 ATMs As at January 1, 2013:  15th largest bank by assets and 18th by retail deposits among the Russian banks**  Ratings: Moody’s Ba3 (Negative outlook)  Total assets: RUB 351.4 bn (USD 11.6 bn)  Total capital: RUB 48.9 bn (USD 1.6 bn)  Total capital adequacy: 13.8% For FY 2012:  Net income: RUB 1.3 bn (USD 42.9 mln)  Cost/Income ratio: 47.6%  ROAE: 3.2%  2756 employees * Association of North-West banks, Bank Saint Petersburg own estimates ** Interfax 3
  3. 3. In RUB bn Jan. 1, 2012 Jan. 1, 2013 y-o-y Oct. 1, 2012 Jan. 1, 2013 q-o-q Total assets 330.03 351.37 +6.46% 317.24 351.37 +10.76% Gross Loans 231.26 246.50 +6.59% 246.89 246.50 -0.16% Customer Deposits* 236.06 228.04 -3.40% 224.71 228.04 +1.48% Total Capital 47.08 48.89 +3.84% 46.21 48.89 +5.79% FY 2011 FY 2012 y-o-y 4Q 2011 3Q 2012 4Q 2012 q-o-q y-o-y Net Interest Income 13.62 11.98 -12.02% 3.28 2.92 3.10 +6.24% -5.56% Net Fee and Commission Income 2.05 2.35 +14.50% 0.59 0.61 0.70 +15.72% +19.87% Revenues** 16.08 15.10 -6.10% 4.15 4.00 4.02 +0.60% Net Income 5.88 1.30 -77.85% 0.57 0.69 0.37 -46.14% -34.46% FY 2011 FY 2012 y-o-y 4Q 2011 3Q 2012 4Q 2012 Net Interest Margin 4.78% 3.85% -0.93 PP 4.38% 3.75% 4.00% +0.25 PP -0.38 PP Cost/Income Ratio 36.12% 47.63% +11.51 PP 44.45% 43.50% 50.83% +7.33 PP +6.38 PP ROAE 17.16% 3.24% -13.92 PP 5.93% 6.92% 3.69% -3.23 PP -2.24 PP q-o-q * Customer deposits are calculated as a sum of customer accounts and promissory notes (other debt securities in issue) ** Revenues calculation: gains from investment securities available for sale are excluded from revenues as one-off -3.12% y-o-y 4
  4. 4. I. Financial highlights and business overview II. Upcoming developments and guidance for 2013 III. Annex 5
  5. 5. * Results calculation: net result on recognition/early redemption of loans granted at non-market rates is included in provisions Provisions for FY 2012 reduced by the gain from disposal of investment property RUB 214 mln (related to the problem KD Avia loan) 6
  6. 6. 6127 7212 4450 • Revenues affected by NIM contraction • Healthy fee and commission and trading income • Provisions put pressure on ROAE *Property tax is excluded from other administrative and operating expenses and included in expenses related to premises and equipment. 7
  7. 7. * Results calculation: net result on recognition/early redemption of loans granted at non-market rates is included in provisions Provisions for 3Q 2012 reduced by the gain from disposal of investment property RUB 214 mln (related to the problem KD Avia loan) 8
  8. 8. • NIM recovery to 4% level • The strongest quarter in 12 months • 4Q increase in OPEX is seasonal and include subsequent events *Property tax is excluded from other administrative and operating expenses and included in expenses related to premises and equipment. 9
  9. 9. Average interest rate Average balance Contribution to NIM change: Contribution to NIM change: Amounts receivable under reverse repo +7 bp Loans and advances to customers +47 bp Trading securities pledged under repo - 4 bp Due to banks -11 bp Bonds issued -10 bp Corporate term deposits +7 bp Bonds issued -10 bp Total +33 bp Total -7 bp Other factors: -1 bp 10
  10. 10. • Loans/Deposits Ratio close to targeted 100% * Average assets: loans, due from banks, securities portfolio, correspondent accounts ** Average liabilities: due to banks, customer accounts including current accounts, debt securities in issue 11
  11. 11.  61.5% growth in retail portfolio, excl. loans to VIP clients  4 new outlets opened in 2012  Scoring-based retail loan products launched  New Internet-Bank launched – 162,600 users  Daily sales increase from 6.4 to 8.3 products per branch employee  BSPB ranked 3d among all banks and 1st among the privately-owned banks in St. Petersburg mortgage lending market  11.6% share in new mortgage lending during 4Q12  Mortgage lending capacity doubled 12
  12. 12. 1841 1137  Smaller tickets growth continues  Number of credit decisions increased  Reduced concentration  New product line for SME  Efficiency drivers in 2012: • • • Disposal of investment property with RUB 214 mln profit Disposal of investment securities available-for-sale in the sum of RUB 3.4 bn Disposal of 3 premises totalled RUB 220 mln  Improved capital allocation  New IT platform implemented 13
  13. 13. • Loan portfolio growth in FY 2012: Before provisions: +6.6% compared with January 1, 2012 After provisions: +5.9% compared with January 1, 2012 • As at January 1, 2013: Corporate overdue loans – 5.31% (5.68% as at January 1, 2012) Retail overdue loans – 3.65% (6.16% as at January 1, 2012) • RUB 3.60 bn of the loan portfolio written off in FY 2012 Note: Provision charge calculation: net result on recognition/early redemption of loans granted at non-market rates Provisions for 3Q 2012 reduced by the gain from disposal of investment property RUB 214 mln (related to the problem KD Avia loan) Overdue loans and impaired not past due loans include the whole principle of loan at least one day overdue or impaired 14
  14. 14. Due from banks 0,8% Amounts under reverse repo 2,6% Fixed and other assets 6,3% Cash & cash equivalents 12,5% Securities portfolio 14,5% Trading shares 0,1% Other 0,6% Capital markets 8,1% Shareholders’ equity 11,5% Due to banks 14,9% Trading bonds 24,4% Trading bonds pledged under sale and repurchase agreements 75,5% Corporate shares 0,1% Corporate Eurobonds 14,4% Corporate bonds 74,8% Municipal bonds 8,4% Federal loan bonds (OFZ) 2,3% Customer accounts (individuals) 28,8% Loans and advances to customers 63,3% • Conservative approach to risk: 90%+ of the debt securities belong to the CBR Lombard list Customer accounts (corporates) 36,1% • Average duration is 1.4 years • No exposure to Cyprus and other problem European assets * Trading securities portfolio includes trading securities and trading securities pledged under sale and repurchase agreements 15
  15. 15. Two transactions on debt capital market completed in 2012 :  338.1 276.8 171.2 218.6 354.5 3-year RUB 5 bn domestic bonds with 1-year put option  6-year USD 101 mln subordinated eurobonds – – – On November 8 the Central Bank approved this subdebt issue inclusion in the Bank’s capital 0.7 PP contribution to CAR The basis for growth within the next 6-9 months 0.1 PP impact on CAR from the MICEX stake revaluation 16
  16. 16. I. Financial highlights and business overview II. Upcoming developments and guidance for 2013 III. Annex 17
  17. 17. Dividends March 7, 2013 – Record date March 25, 2013 – the Supervisory Board advised AGM 2013 to pay dividends for FY 2012: • RUB 0.11 per preferred share • RUB 12.76 per type A preferred share • RUB 0.11 per ordinary share • Total sum of dividends: RUB 867.4 mln Annual General Shareholders Meeting April 26, 2013 – the Annual General Shareholders Meeting Conversion of Type A preferred shares May 15, 2013 – mandatory conversion of Type A preferred share into ordinary shares All support information on conversion procedure will be published on www.bsbp.ru at the beginning of April Expected Shareholders equity structure after the conversion Rights issue 110 mln ordinary shares 3Q 2013 – up to USD 180 mln rights issue supported by major shareholder (USD 70-80 mln) Both ordinary stock and Type A preferred stock will have pre-emptive rights 18
  18. 18.  Loan portfolio growth 15%  Retail loans growth 50%  Share of retail loans in the loan book 12%  SME loans growth 16-18%  6 new outlets  Cost of Risk 150 bp  NIM 4-4,5%  Costs growth 6-7%  Cost-to-Income ratio 45%  ROAE 10-15% 19
  19. 19. 20

×