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Bank Saint Petersburg 1Q2011 IFRS Results

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Bank Saint Petersburg 1Q2011 IFRS Results

  1. 1. Образец заголовка• Образец текста BANK SAINT PETERSBURG• Второй уровень 1Q 2011 IFRS Results• Третий уровень• Четвертый уровень• Пятый уровень 1 June 9, 2011
  2. 2. Образец заголовка• Образец текста• Второй уровень• Третий уровень• Четвертый уровень• Пятый уровень 2
  3. 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 April 1, 2011*: • Assets: 12.8% • Loans: 16.0% - corporate, 4.8% - retail • Второй уровень • Deposits: 11.1% - corporate, 8.1% - retail • Третий уровень Focused on North-West As at April 1, 2011  Client base: over 1 million retail and 35 thousand corporate customers  36 branches and outlets (primarily in St. Petersburg), 472 ATMs • Четвертый уровень As at April 1, 2011: • Пятый уровень 16th largest bank by assets and 15th by retail deposits among the Russian banks**  Ratings: Moody’s Ba3 (Stable outlook)  Total assets: RUB 282.4 bn (USD 9.9 bn) Selected financial  Total capital: RUB 37.4 bn (USD 1.3 bn) and operational  Net income: RUB 2.1 bn (USD 73.3 mln)  Cost/Income ratio: 26.2% results  ROAE: 28.6%  Total capital adequacy: 12.7%  2,488 employees 3* Association of North-West banks, Bank Saint Petersburg own estimates 2** Interfax
  4. 4. Образец заголовка Key indicators Q-o-Q / Apr 1, 2011 – Jan 1, 2011 Apr 1, 2011 – Apr 1, 2010• Образец текста Net Income RUB 2.1 bn (USD 73.3 mln) for 1Q 2011 + 497.5% compared with 1Q 2010• Второй уровень + 15.2% compared with 4Q 2010 RUB 282.4 bn (USD 9.9 bn) Assets• Третий уровень + 3.6% compared with Jan 1, 2011 + 21.7% compared with Apr 1, 2010• Четвертый уровень Total capital RUB 37.4 bn (USD 1.3 bn) + 4.4% compared with Jan 1, 2011 + 12.9% compared with Apr 1, 2010• Пятый уровень Loan portfolio RUB 212.8 bn (USD 7.5 bn) + 5.2% compared with Jan 1, 2011 + 19.5% compared with Apr 1, 2010 Customer deposits* RUB 200.0 bn (USD 7.0 bn) - 1.1% compared with Jan 1, 2011 + 15.6% compared with Apr 1, 2010 Cost/Income Ratio for 1Q 11 – 26.2% Key ratios ROAE for 1Q 11 – 28.6% Capital Adequacy as at April 1, 2011 – 12.7% 4 3* Customer accounts are calculated as a sum of customer deposits and promissory notes and bills of exchange (other debt securities in issue)
  5. 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. 6. Образец заголовка Strong Franchise • Образец текста Client base, thou Market share in St. Petersburg as at April 1, 2011: Retail banking* 35 35 35 • Второй уровень 35 9,5% 9,7% 8,7% 7,8% 8,1% 31 7,1% 6,3% 6,1% 1 050 • Третий уровень 1 000 5,2% 4,8% 900 774 581 • Четвертый уровень 2007 2008 2009 2010 1Q 2011 YE 2007 YE 2008 YE 2009 YE 2010 1Q 2011 Retail loans Retail deposits Retail Corporate • Пятый share as at April 1, 2011* Loans, market уровень Market share in St. Petersburg: Corporate banking* Bank Saint 15,7% 16,1% 16,0% Petersburg 13% 13,9% VTB Group 12,9% 11,9% 11,8% 10,7% 13% 10,7% 11,1% Sberbank 20% Bank "Russia" 11% CIT Finance 5% Others 35% Baltinvestbank 3% YE 2007 YE 2008 YE 2009 YE 2010 1Q 2011 Corporate loans 6 Corporate deposits 5* Central Bank of Russia, Association of North-West banks, Bank Saint Petersburg own estimates
  7. 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. 8. Образец заголовка 2010 – 1Q 2011 Financial Highlights, QoQ • Образец текста Assets, RUB, bn Capital, RUB, bn + 3.6% + 4.4% 282,4 37,4 • Второй уровень 272,6 35,9 33,5 34,5 247,4 33,1 232,1 239,5 • Третий уровень • Четвертый уровень April 1, 2010 July 1, 2010 October 1, 2010 January 1, 2011 April 1, 2011 April 1, 2010 July 1, 2010 October 1, 2010 January 1, 2011 April 1, 2011 • Пятыйdynamics, RUB, mln Income уровень Income and expenses data*, RUB, mln 3 268 4 325 4 267 3 085 2 993 2 969 2 978 3 513 3 569 3 343 2 780 1 085 1 202 1 119 1 185 1 304 886 859 998 337 426 417 535 439 515 48 673 -150 118 49 1Q 10 2Q 10 3Q 10 4Q 10 1Q 11 1Q 10 2Q 10 3Q 10 4Q 10 1Q 11 Net Interest Income Net Fee and Commision Income Net Trading Income Revenues Operating expenses Provisions 8* FY 2010 results calculation: the loss on loans granted at below market rates in the amount of RUB 525 mln is included in provisions; 71Q 2011 results calculation: the gain on loans granted at below market rates in the amount of RUB 69 mln is included in provisions
  9. 9. Образец заголовка Results for 1Q 2011 • Образец текста Cost/income and NIM Operating expenses, RUB, mln 162 40,0 34,2% 35,8% 6,0% 143 • Второй уровень 5,6% 32,5% 168 142 30,0 26,2% 5,5% 420 588 119 318 19,9% 5,4% 441 280 1 305 20,0 5,0% 1 201 • Третий уровень 5,1% 1 085 1 119 5,0% 859 638 554 633 10,0 4,7% 4,5% 460 502 • Четвертый уровень 0,0 4,0% 1Q 10 2Q 10 3Q 10 4Q 10 1Q 11 1Q 10 2Q 10 3Q 10 4Q 10 1Q 11 Cost/Income NIM Staff costs Other administrative and operating expenses Expenses related to premises and equipment • Пятый dynamics, RUB, mln Net income уровень Comments3000,00 40,00% ● Record quarterly Net Income 28,6% 26,0% 30,00%2000,00 ● ROAE well above the target 17,9% 2 090 12,2% 1 815 20,00% ● NIM rebound1000,00 5,6% 1 173 10,00% 777 0,00 350 0,00% 1Q 10 2Q 10 3Q 10 4Q 10 1Q 11 Net Income ROAE 9 8
  10. 10. Образец заголовка Interest Rates and Assets/Liabilities Ratios Average interest rates on the assets side** Average interest rates on the liabilities side* • Образец текста 11,3% 15,9% 10,3% 9,8% 9,9% 9,8% 9,7% 15,0% 14,8% 14,8% 14,5% 9,3% 9,3% 9,0% 14,2% 14,1% 9,8% 8,4% 9,6% • Второй уровень 13,1% 9,1% 9,0% 7,9% 14,4% 13,7% 8,7% 7,2% 13,2% 12,0% 8,1% 8,1% 8,1% 7,9% 7,9% 12,7% 13,0% 12,7% 10,8% 7,4% 5,6% 6,5% 12,4% 7,2% 11,7% 10,3% 10,3% 6,9% 6,9% 6,7% 6,5% • Третий уровень 11,0% 6,1% 6,0% 6,0% 9,9% 5,1% 9,4% 5,0% 4,7% 9,3% 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 • Четвертый уровень Average interest on term corporate deposits Average interest on term retail deposits Average interest rate on loans Average interest rate on IEA Average interest on liabilities • Пятый уровень Average Interest Earning Assets (IEA) and Interest Bearing Liabilities (IBL), RUB, bn Comments 265,2 253,0 246,7250,0 216,3 224,5 223,4 231,2 231,3  Interest rates stable on the asset side 209,5 216,4 197,9 207,6 197,4 201,8 196,5 203,7200,0 173,7179,7 178,7 189,0  Loans to deposits ratio is 96.3% - room for 141,9 135,3 161,7 155,8 leverage is still in place150,0 102,8% 100,5%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 Average IEA Average IBL Loans/Deposits Ratio 10 * Average liabilities: due to banks, customer accounts including current accounts, debt securities in issue 9 ** Average assets: loans, due from banks, securities portfolio, correspondent accounts
  11. 11. ОбразецMain Factors affected NIM in 1Q 2011 заголовка 4Q 2010 NIM – 4.67% • Образец текстаAverage interest rate Average balance • Второй уровеньContribution to NIM change: Contribution to NIM change: • Третий уровень Loans and advances to customers + 17 bpRetail term deposits + 15 bp Trading securities portfolio + 7 bp • Четвертый уровеньCorporate term deposits + 13 bp Corporate term deposits -11 bp + 28 bp • Пятый уровень Retail term deposits - 5 bp Bonds in issue - 5 bp + 3 bp Other factors + 2 bp 11 4Q 2010 NIM – 5.00% 10
  12. 12. Образец заголовка 1Q 2010 – 1Q 2011 Financial Summary (RUB), q-o-q,•RUB bn Образец текстаLoans and Advances to Customers 1Q 2010 159.61 2Q 2010 157.62 3Q 2010 176.25 4Q 2010 182.82 1Q 2011 192.58• Второй уровеньTotal AssetsCustomer Deposits* 232.08 172.95 239.46 175.23 247.43 179.04 272.61 202.17 282.43 200.01• Третий уровеньTotal Liabilities 206.44 213.88 220.68 244.04 251.78Total Shareholders’ Equity 25.63 25.58 26.75 28.56 30.66Total Capital 33.15 33.53 34.50 35.87 37.43• Четвертый уровеньNet profitNet Interest margin 0.35 5.57% 0.77 5.38% 1.17 5.09% 1.82 4.67% 2.09 5.00%• Пятый уровеньCapital AdequacyCost-to-Income ratio 14.35% 19.86% 14.35% 32.52% 13.73% 34.21% 12.96% 35.80% 12.65% 26.21%Allowance for loan imp. / Gross loans 10.37% 11.05% 10.30% 9.61% 9.48%Loans / Deposits 92.29% 92.29% 98.44% 90.43% 96.29%ROAA 0.61% 1.32% 1.91% 2.77% 3.05%ROAE 5.57% 12.08% 17.78% 26.03% 28.63% 12 11
  13. 13. Образец заголовка Loan portfolio and quality Loan portfolio and allowance for loan impairment Loan portfolio by sector, April 1, 2011 210 • Образец текста 174,1 178,1 177,2 196,5 202,3 212,8 14 12 Health and Other entertainment 8,2% Transport 2,8% Heav y machinery and ship-building 14,4% 180 159,4 3,9% 150,0 155,2 150 • Второй уровень 10,4% 11,1% 10,3% 10 Production and f ood RUB bn 9,6% 9,5% industry 8 (%) 120 9,1% 5,1% Trade 8,5% 12,6% 90 7,3% 6 Gov ernment • Третий уровень 6,0% f inanced 60 4 5,3% 30 2 Indiv iduals 6,8% 0 0 Construction • Четвертый уровень 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 Oil and gas 12,2% 8,9% Loan portfolio Allowance for impairment / Gross loans Financial serv ices Real estate Provision charge (RUB mln)** and problem loans, % 9,3% 10,5% 3000 • Пятый уровень 3 086 2 737 2 780 15 Comments 2 384 2 305  Loan portfolio growth in 1Q 2011: 8,6% 10 Before provisions: +5.2% compared with January 1, 2011 2000 7,5% 7,9% 7,4% After provisions: +5.3% compared with January 1, 2011 6,7% 7,1% 5,9% 6,3% 5,9% 6,9% 7,1% 6,9%  As at April 1, 2011: 6,6% 6,3% 5,8% 5 1000 5,2% 1 185 5,1% - Corporate overdue loans – 4.97% (4.80% as at January 1, 2011) 4,5% - Retail overdue loans – 8.28% (8.77% as at January 1, 2011) 998 673 48 0 0 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  RUB 0.9 mln of the loan portfolio written off in 1Q 2011 Provision charge Overdue loans / Gross loans Impaired not past due* / Gross loans 13* Ratios for April 1, July 1, and October 1, 2009 are ratios for restructured loans 12** 4Q 2010 results calculation: the loss on loans granted at below market rates in the amount of RUB 525 mln is included in allowance; 1Q 2011 results calculation: the gain on loans granted at belowmarket rates in the amount of RUB 69 mln is included in allowance
  14. 14. Образец заголовкаliabilities structure Assets and• Образец текста Assets structure, April 1, 2011 Liabilities structure, April 1, 2011• Второй уровень Amounts receivable under reverse repurchase Due from other banks Due to other banks; Other; 0,5% 1,9% 7,8% agreements• Третий уровень Cash & cash equivalents 1,9% Capital markets; 5,0% 10,1% Fixed and other• Четвертый уровень assets 7,0% Shareholders equity; 10,9% Customer accounts (corporates); 45,5% Securities portfolio• Пятый уровень 16,0% Loans and advances Customer accounts to customers (individuals); 68,2% 25,3% 14 13
  15. 15. 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% 12,7% 10,7% 9,7% 9,6% 9,7% 268• Третий уровень 87 78• YE 2007 Четвертый уровень YE 2008 Total Capital ratio YE 2009 YE 2010 Tier 1 Capital ratio 1Q 2011 2011 2012 2013 2014• Пятый уровень Risk-weighted assets (RWA)*, RUB, bn Comments 29,0 26,9 50,5  Additional ordinary shares issue in the pipeline 43,0 9,5 32,1  Revaluation of c. 3% stake in the MICEX expected 4,0 5,2 295,8 276,8 5,1 218,6 206,9 216,3 9,7 162,0 177,0 171,2 97,9 112,7 YE 2007 YE 2008 YE 2009 YE 2010 1Q 2011RWA - banking book RWA - trading book RWA - off-balance-sheet 15 14
  16. 16. 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 16 15
  17. 17. Образец заголовка New Share Issue (1) Details on the On June 7, 2011, the Supervisory Board of Bank Saint Petersburg took the decision • Образец текста on the New Issue of Ordinary Shares Rationale for the Issue • Второй уровеньThe EBRD is a key investor- the Bank’s management and a number of minorities have expressed their intent not to exercise their pre-emptive rights in favor of the EBRD; • Третий уровень- the EBRD intends to participate in the offering up to RUB 2.75 billion; its potential ownership will amount to 6% of the Bank’s ordinary shares(5% after the type A preference shares conversion in 2013) • Четвертый уровеньThe EBRD consents to the repayment of the USD 75 million subordinated loan in case of the participation inthe Bank’s new share issue • Пятый уровень- Potential savings on tax and interest expenses in the amount up to USD 30 million;- Contractual maturity of the subordinated loan is 2019 with a call option in July 2014Capital enhancement not a priorityApril 1, 2011 Expected capital adequacy after the placement provided that subordinated loan is repaidTier 1 - 9.7% Tier 1 - 10.6% - 10.9%Total capital adequacy - 12.7% Total capital adequacy – 12.8% - 13.1% 17 16
  18. 18. Образец заголовка New Share Issue (2) Details on the• Образец текста Indicative terms and conditions June 7, 2011 - Decision of the Supervisory Board of the Bank on the New Issue of Ordinary Shares. The issue will be placedunder the following terms and conditions:• Второй уровеньNumber of shares to be issued – 24,000,000;• Третий уровеньType of offering – open subscription;Form of payment for the shares - Russian roubles• Четвертый уровеньMaximum gross proceeds from the offering: RUB 3.5 bn (USD 125.7 mln)• Пятый уровеньPreliminary schedule: Cut-off date: June 7, 2011; The offerings under the pre-emptive rights execution will be accepted from the end of July till mid September 2011: - The offerings can be either submitted to the Bank along with the necessary documents or the underwriter can be contacted to purchase the shares; The Issue is expected to be registered with the CBR in October 2011 18 17
  19. 19. Образец заголовка• Образец текста• Второй уровень• Третий уровень• Четвертый уровень• Пятый уровень 19 18

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