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Friday, August 18, 2017

Bank of St. Petersburg reports growth in nine-month period

In a report detailing the first nine months of 2014, the Bank of St. Petersburg posted growth in several areas, the bank said this week.

Overall net income increased a full 83.6 percent from the same time frame in 2013, increasing by $112 million.

Net interest income, Net fee and commission income, retail deposits and capital all increased in some way in 2014 thus far.

The bank has been ranked 16th in assets and 17th in retail deposits compared with other banks in Russia, serving 1.4 million people and 54,000 corporate entities and businesses.

Net interest income saw an increase of 35.9 percent, commission and fees increased by 26.9 percent and net trading loss amounted to a little under $10.7 million, leaving pre-tax earnings at $121.5 million. Total capital, calculated by Central Bank of Russia standards, totaled $1.2 billion, leading to a Tier 1 capital adequacy ratio at 9.1 percent as of Oct. 1.

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Bank of St. Petersburg - Russia

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