Bank Saint Petersburg has announced its preliminary FY 2013 results under the Russian accounting standards.
Net income increased four times compared to FY 2012 to $96.5 million, while net interest income increased by 19 percent compared to FY 2012 to $380.5 million.
Loan portfolio increased during FY 2013 by 13 percent to $7.57 billion, while retail loan portfolio increased by 60 percent to $1.2 billion and retail customer deposits during FY 2013 increased by 22 percent to $3.33 billion.
As at Jan. 1, the bank's capital adequacy ratio (N1) amounted to 13.9 percent.
Bank Saint Petersburg is ranked 14th in terms of assets and 15th in terms of retail deposits among Russian banks, according to Interfax rankings.
The bank provides services to approximately 1.4 million individuals and 43,000 corporate clients. It has issued 793,000 cards and has a card network comprised of 599 ATMs.
- National Bank of Ukraine removes restrictions on foreign-currency transactions, investment metals
- Black Sea Trade & Development Bank visits Azerbaijan to boost business relationships
- VTB Bank finances three new planes for SunExpress airline
- National Bank of Ukraine makes it easier for businesses to invest abroad
- National Bank of Ukraine eases lending regulations for deposit guarantee funds to other banks
- Black Sea Trade and Development Bank, Russian Federal Corp. for SMEs support business growth
- Oleg Demidov named commercial director for Rosbank Factoring
- Eurasian Development Bank sells bonds on Kazakhstan Stock Exchange
- EY World Entrepreneur of the Year event to name world's top entrepreneur
- ACBA-CREDIT AGRICOLE, Microsoft parter for Armenian digital business technology seminar