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Bank Saint Petersburg 9M2011 IFRS Results

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Bank Saint Petersburg 9M2011 IFRS Results

  1. 1. Образец заголовка• Образец текста BANK SAINT PETERSBURG• Второй уровень 9M 2011 IFRS Results• Третий уровень• Четвертый уровень• Пятый уровень 1 December 2, 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 • Образец текста  A leading privately-owned universal bank in St. Petersburg and the Leningrad region  St. Petersburg market share as at October 1, 2011*: Regional leader • Assets: 12.3% • Второй уровень • Loans: 14.4% - corporate, 4.9% - retail • Deposits: 10.7% - corporate, 8.3% - retail • Третий уровень Focused on North-West As at November 1, 2011  Client base: over 1.1 million retail and 35.7 thousand corporate customers  37 branches and outlets (primarily in St. Petersburg), 500 ATMs • Четвертый уровень As at October 1, 2011: • Пятый уровень 16th largest bank by assets and 14th by retail deposits among the Russian banks**  Ratings: Moody’s Ba3 (Stable outlook)  Total assets: RUB 305.8 bn (USD 9.5 bn) Selected financial  Total capital: RUB 43.6 bn (USD 1.4 bn) and operational  Net income: RUB 5.6 bn (USD 175.6 mln)  Cost/Income ratio: 32.6% results  ROAE: 23.3%  Total capital adequacy: 13.5%  2,734 employees 3* Association of North-West banks, Bank Saint Petersburg own estimates 2** Interfax
  4. 4. Образец заголовка of Key Financials Overview • In RUB bnОбразец текста Jan. 1, 2011 Oct. 1, 2011 YTD Oct. 1, 2010 Jul. 1, 2011 Oct. 1, 2011 y-o-y q-o-q • Второй уровень Total assets Gross Loans 272.61 202.25 305.82 223.70 +12.2% +10.6% 247.43 196.49 292.06 217.96 305.82 223.70 +23.6% +13.8% +4.7% +2.6% • Третий уровень Customer Deposits* Total Capital 202.17 35.87 221.95 43.60 +9.8% +21.6% 179.04 34.50 212.23 39.14 221.95 43.60 +24.0% +26.4% +4.6% +11.4% • Четвертый уровень Net Interest Income 9M 2010 9.05 9M 2011 10.34 y-o-y +14.2% 3Q 2010 2.77 2Q 2011 3.52 3Q 2011 3.55 y-o-y +19.5% q-o-q +0.8% • Пятый уровень Net Fee and Commission 1.18 1.46 +24.0% 0.42 0.50 0.53 +25.9% +5.1% Income Revenues** 11.18 12.25 +9.6% 3.5 4.2 3.8 +8.3% -8.9% Net Income 1.13 5.64 +145.1% 1.17 2.41 1.14 -2.6% -52.5% 9M 2010 9M 2011 y-o-y 3Q 2010 2Q 2011 3Q 2011 y-o-y q-o-q Net Interest Margin 5.21% 5.00% -21 BP 5.09% 5.21% 4.98% -23 BP -11 BP Cost/Income Ratio 28.15% 32.60% +4.45 PP 34.21% 30.15% 41.97% +11.82 PP +7.76 PP ROAE 11.82% 23.30% +11.48 PP 17.78% 30.66% 13.25% -17.41 PP -4.53 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** Revenues calculation: gains from investment securities available for sale are excluded from revenues as one-off
  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 October 1, 2011: Retail banking* 35,7 35,0 9,5% 9,7% • Второй уровень 35 8,7% 35 8,3% 7,8% 7,1% 6,3% 6,1% 31 5,2% 4,9% • Третий уровень 1 100 1 000 900 774 581 • 2007 Четвертый уровень 2008 2009 2010 October 1, 2011 YE 2007 YE 2008 Retail loans YE 2009 YE 2010 Retail deposits 9M 2011 Retail Corporate • Пятый share as at July 1, 2011* Loans, market уровень Market share in St. Petersburg as at October 1, 2011: Corporate banking* Bank Saint 15,7% 16,1% Petersburg; 12,7% 13,9% 14,4% Bank "Russia"; 12,9% 11,9% 11,8% 11,5% 10,7% 9,8% 10,7% 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 9M 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. 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 Financial Highlights, 3Q 2011 • Образец текста Assets, RUB, bn Capital, RUB, bn 305,8 43,6 282,4 292,1 39,1 • Второй уровень 272,6 37,4 247,4 34,5 35,9 • Третий уровень • Четвертый уровень October 1, 2010 January 1, 2011 April 1, 2011 July 1, 2011 October 1, 2011 October 1, 2010 January 1, 2011 April 1, 2011 July 1, 2011 October 1, 2011 • Пятый уровень Income dynamics, RUB, mln* Income and expenses data**, RUB, mln 3 520 3 548 3 268 4 267 4 179 2 969 2 978 3 569 3 805 3 513 1 565 1 597 1 202 1 304 1 119 535 500 525 998 417 439 673 712 118 49 54 48 293 517 3Q 10 4Q 10 1Q 11 2Q 11 3Q 11 -662 3Q 10 4Q 10 1Q 11 2Q 11 3Q 2011 Net Interest Income Net Fee and Commision Income Net Trading Income Revenues Operating expenses Provisions 8* Net trading income includes gains from derivatives in the amount of USD 341 mln for 9M 2011 (in 9M 2011 P&L statement included in Other Income). 7** Results calculation: the expenses /gains from recognition of loans granted at below market rates are included in provisions
  9. 9. Образец заголовка Financial Highlights, 9M 2011 • Образец текста Assets, RUB, bn Capital, RUB, bn + 12.2% 305,8 + 21.6% 272,6 43,6 • Второй уровень215,7 235,6 33,2 35,9 24,2 • Третий уровень 126,7 18,5 • Четвертый уровень January 1, 2008 January 1, 2009 January 1, 2010 January 1, 2011 October 1, 2011 January 1, 2008 January 1, 2009 January 1, 2010 January 1, 2011 October 1, 2011 • Пятый уровень Income dynamics, RUB, mln* 12 024 Income and expenses data**, RUB, mln 15 192 14 750 10 421 10 336 9 503 12 252 11 112 10 512 4 668 6 040 5 010 3 852 4 281 2810 3 773 4 450 1464 3 396 1386 1489 1715 2 429 889 903 1 678 393 103 1 007 -91 FY 07 FY 08 FY 09 FY 10 9M 11 FY 07 FY 08 FY 09 FY 10 9M 11 Net Interest Income Net Fee and Commision Income Net Trading Income Revenues Expenses Provisions 9* Net trading income includes gains from derivatives in the amount of USD 341 mln for 9M 2011 (in 9M 2011 P&L statement included in Other Income). 8** Results calculation: the expenses /gains from recognition of loans granted at below market rates are included in provisions
  10. 10. Образец заголовка Results for 3Q 2011 • Образец текста Cost/income and NIM, % Operating expenses, RUB, mln50,0 186 229 42,0%40,030,0 • Второй уровень 34,2% 35,8% 26,2% 30,2% 143 420 162 588 168 611 598 31820,010,0 • Третий уровень 5,1% 4,7% 5,0% 5,2% 5,0% 638 554 633 768 770 • Четвертый уровень 0,0 3,00% 3Q 10 4Q 10 1Q 11 2Q 11 3Q 11 3Q 10 4Q 10 1Q 11 2Q 11 3Q 11 Cost/Income NIM Staff costs Other administrative and operating expenses Expenses related to premises and equipment • Пятый dynamics, RUB, mln Net income уровень Comments 3000 40,0% ● Steady growth of net interest income and fee&commission 30,7% income; 28,6% 26,0% 30,0% 2000 2 405 ● Q-o-Q operating costs are flat; 17,9% 1 815 2 090 20,0% 13,3% 1000 1 173 ● 3Q 2011 Cost/Income Ratio is up at the back of negative result 1 143 10,0% from trading operations; 0 0,0% ● 3Q 2011 ROAE is down due to the negative result from trading 3Q 10 4Q 10 1Q 11 2Q 11 3Q 11 operations and increased provisions Net Income ROAE 10 9
  11. 11. Образец заголовка Results for 9M 2011 • Образец текста Cost/income and NIM Operating expenses, RUB, mln 8,0% 40,2% 583 34,7% • Второй уровень 32,6% 30,0% 404 1 527 6,5% 24,6% 1 141 4 281 5,5% 3 146 • Третий уровень 5,2% 5,0% 2171 4,9% 1600 3,0% 9M 10 9M 11 • FY 07 Четвертый уровень FY 08 FY 09 Cost/Income FY 10 NIM 9M 2011 Staff costs Expenses related to premises and equipment Other administrative and operating expenses • Пятый dynamics, RUB, mln Net income уровень Comments6000 30,0% ● Strong core income generation5000 20,6% 5 638 16,4% ● All 9M 2011 key ratios are in line with the Bank’s target:4000 4 115 23.3% 20,0%3000 2 774 15,3% - ROAE > 20%2000 10,0% 2 009 2,9%1000 - NIM ar. 5% 0 640 0,0% FY 07 FY 08 FY 09 FY 10 9M 11 - Cost/Income Ratio within the range of 30-35% Net Income ROAE 11 10
  12. 12. Образец заголовка Interest Rates and Assets/Liabilities Ratios Average interest rates on the liabilities side* Average interest rates on the assets side** • Образец текста 11,3% 15,9% 10,3% 15,0% 14,8% 14,8% 14,5% 9,9% 9,8% 9,7% 14,2% 14,1% 9,3% 9,3% 9,0% • Второй уровень 8,1% 9,8% 9,8% 14,4% 13,1% 9,6% 7,9% 13,7% 9,1% 9,0% 12,0% 8,7% 13,0% 13,2% 7,2% 12,7% 12,7% 12,4% 8,4% 8,1% 7,9% 8,1% 10,8% 7,9% 6,5% • Третий уровень 10,3% 10,3% 10,3% 10,1% 7,4% 6,1% 6,0% 11,7% 7,2% 6,9% 6,9% 11,0% 6,7% 6,7% 6,6% 6,1% 6,0% 6,0% 6,0% 9,9% 5,7% 9,6% 9,3% 9,3% 9,4% 5,1% 5,0% 4,7% 4,7% 4,6% •2Q08 3Q08 Четвертый уровень 4Q08 1Q09 2Q09 3Q09 4Q09 Average interest rate on loans 1Q10 2Q10 3Q10 4Q10 1Q11 Average interest rate on IEA 2Q11 3Q11 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 Average interest on term corporate deposits 2Q10 3Q10 4Q10 1Q11 2Q11 Average interest on IBL 3Q11 • Пятый уровень Average IEA and IBL (RUB bn) 265,2 271,2 282,5 262,8 Comments 253,0 246,7 254,4  Interest rates are stable250,0 216,3 224,5 223,4 231,2 231,3 196,5 207,6 209,5 216,4 197,9 197,4 203,7 201,8200,0 173,7 189,0 141,9 161,7 179,7 178,7 135,3 155,8  Loans to deposits ratio is close to the target150,0 102,8% 100,5% 93,5% 93,7% 99,0% 99,2% 99,7%100,0 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 3Q11 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. 13. ОбразецMain Factors affected NIM in 3Q 2011 заголовка 2Q 2011 NIM – 5.21% • Образец текстаAverage interest rate Average balance • Второй уровеньContribution to NIM change: Contribution to NIM change: • Третий уровень Correspondent accounts -7 bpLoans and advances to customers -13 bp Loans and advances to customers +11 bpTrading securities portfolio -11 bp • Четвертый уровень Due to banks Retail term deposits +5 bp -8 bpCorporate term deposits +7 bp • Пятый уровень -17 bp +1 bp Other factors - 7 bp 13 3Q 2011 NIM – 4.98% 12
  14. 14. Образец заголовка 3Q 2010 – 3Q 2011 Financial Summary (RUB),•RUB bn Образец текстаLoans and Advances to Customers 3Q 2010 176.25 4Q 2010 182.82 1Q 2011 192.58 2Q 2011 198.35 3Q 2011 203.37• Второй уровеньTotal AssetsCustomer Deposits 247.43 179.04 272.61 202.17 282.43 200.01 292.06 212.23 305.82 221.95• Третий уровеньTotal Liabilities 220.68 244.04 251.78 259.79 269.68Total Shareholders’ Equity 26.75 28.56 30.66 32.27 36.14Total Capital 34.50 35.87 37.43 39.14 43.60• Четвертый уровеньNet profitNet Interest margin 1.17 5.09% 1.82 4.67% 2.09 5.00% 2.41 5.21% 1.14 4.98%• Пятый уровеньCapital AdequacyCost-to-Income ratio 13.73% 34.21% 12.96% 35.80% 12.65% 26.21% 12.54% 30.15% 13.45% 41.97%Allowance for loan imp. / Gross loans 10.30% 9.61% 9.48% 9.00% 9.09Loans / Deposits 98.44% 90.43% 96.29% 93.46% 93.70%ROAA 1.91% 2.77% 3.05% 3.36% 1.52%ROAE 17.78% 26.03% 28.63% 30.66% 13.25% 14 13
  15. 15. Образец заголовка 2007 – 9M 2011 Financial Summary (RUB),• Образец текстаRUB bn 2007 2008 2009 2010 9M 2011Loans and Advances to Customers 91.73 144.88 158.20 182.82 203.37• Второй уровеньTotal Assets 126.66 215.72 235.61 272.61 305.82Customer Deposits 96.15 144.16 181.14 202.17 221.95Total Liabilities 111.65 196.91 210.32 244.04 269.68• Третий уровеньTotal Shareholders’ EquityTotal Capital 15.00 18.51 18.81 24.23 25.28 33.22 28.56 35.87 36.14 43.60• Четвертый уровеньNet profitNet Interest margin 2.00 5.46% 2.77 6.47% 0.64 5.22% 4.11 4.94% 5.64 5.00%• Пятый уровеньCapital AdequacyCost-to-Income ratio 16.41% 40.21% 14.15% 34.66% 15.19% 24.62% 12.96% 30.03% 13.45% 32.60%Allowance for loan imp. / Gross loans 2.75% 3.88% 9.14% 9.61% 9.09%Loans / Deposits 95.40% 100.51% 87.36% 90.43% 93.70%ROAA 2.15% 1.62% 0.28% 1.62% 2.61%ROAE 20.60% 16.41% 2.90% 15.28% 23.30% 15 14
  16. 16. Образец заголовка Loan portfolio and quality Loan portfolio and allowance for loan impairment Loan portfolio by sector, October 1, 2011 210 • Образец текста 174,1 178,1 177,2 196,5 202,3 212,8 218,0 224,0 14 Health and Other 8,7% Heavy machinery and 180 12 entertainment ship-building 155,2 159,4 • Второй уровень 3,1% 13,6% 150 11,1% 10 10,4% 10,3% Transport RUB bn (%) 120 9,1% 9,6% 9,5% 9,0% 9,1% 8 4,5% 8,5% Government financed 90 7,3% 6 4,9% 60 30 • Третий уровень 4 2 Production and food industry 5,1% Construction 13,3% Individuals 0 0 • Четвертый уровень 7,0% Trade 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 Oct 1, 11 12,6% Oil and gas Loan portfolio Allow ance for impairment / Gross loans 7,4% Real estate Financial services • Пятый уровень Provision charge (RUB mln)* and problem loans**, % 9,7% 10,1% 3 086 15 Comments 3000 2 737 2 780 2 384 2 305  Loan portfolio growth in 9M 2011: 8,6% 10 2000 7,5% 7,9% 7,4% Before provisions: +10.6% compared with January 1, 2011 6,7% 7,1% 6,8% 6,3% 6,2% 5,9% 5,9% After provisions: +11.2% compared with January 1, 2011 6,9% 7,1% 6,9% 4,6% 6,6% 5 1000 6,3% 5,8%  As at October 1, 2011: 1 185 5,1% 5,2% 4,5% 4,6% - Corporate overdue loans – 4.36% (4.80% as at January 1, 2011) 717 998 48 673 - Retail overdue loans – 7.23% (8.77% as at January 1, 2011) 0 293 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 Jul 1, 11 Oct 1, 11  RUB 776 mln of the loan portfolio written off in 9M 2011 Provision charge Overdue loans / Gross loans 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 and impaired not past due loans the whole principle of loan at least one day overdue or impaired
  17. 17. Образец заголовкаliabilities structure Assets and • Образец October 1, 2011 Assets structure, текста Liabilities structure, October 1, 2011 • Второй уровень Amounts receiv able under rev erse repurchase agreements Due f rom other banks Due to other Other; 0,8% 1,0% banks; 5,1% • Третий уровень 2,2% Capital markets; Cash & cash equiv alents 9,8% 6,4% • Четвертый уровень Customer Shareholders accountsFixed and other assets equity; 11,8% 7,5% Loans and adv ances to (corporates); customers 46,2% • Пятый уровень Securities portf olio 16,3% 66,5% Customer accounts (individuals); 25,6% 17 16
  18. 18. Образец заголовка Trading securities portfolio • Образец текста Securities portfolio*, October 1, 2011 Comments ● Conservative approach to risk: • Второй уровень Federal local bonds 10,3% Corporate shares 1,2% - 90%+ of the debt securities belong to the CBR Lombard list; ● Average duration is 1.5 years; • Третий уровень Corporate Eurobonds 10,9% ● No exposure to problem European assets • Четвертый уровень Municipal bonds 13,8% Corporate bonds • Пятый уровень 63,8% 18 17* Securities portfolio includes trading securities and trading securities pledged under sale and repurchase agreements
  19. 19. Образец заголовка Capital and funding • Образец текста Capital adequacy, % Repayment schedule for 2011-2014, USD, mln 16,4% 15,2% 14,1% • Второй уровень 12,3% 13,0% 13,5% 386 10,7% 10,5% 9,7% 9,6% • Третий уровень 147 71 30 • Четвертый уровень YE 2007 YE 2008 Total Capital ratio YE 2009 YE 2010 Tier 1 Capital ratio 9M 2011 2011 2012 2013 2014 • Пятый уровень Risk-weighted assets (RWA), RUB, bn Comments 37,7 26,9 54,2  Additional ordinary shares issue successfully completed in 9,5 43,0 November 2011 32,1 4,0 5,2  Further revaluation of c. 3% stake in the MICEX is a factor 324,2 276,8 5,1 218,6 232,3 206,9 9,7 171,2 162,0 177,0 112,7 97,9 YE 2007 YE 2008 YE 2009 YE 2010 9M 2011RWA - banking book RWA - trading book RWA - off-balance-sheet 19 18
  20. 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. 21. Образец Recent developments and prospects заголовка • Образец текстаNew share issue successfully completed: •- the EBRD is a new shareholder with 6.17% of the voting shares; Второй уровень - USD 75 million subordinated debt to be repaid by the end of January 2012 • Третий уровеньRelocation to the new premises completed • Четвертый уровень • Пятый уровень 21 20
  22. 22. Образец заголовка• Образец текста• Второй уровень• Третий уровень• Четвертый уровень• Пятый уровень 22 21

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