Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Tuesday, November 21, 2017

Bank St. Petersburg releases first quarter report

Bank Saint Petersburg released results for the first quarter of 2015 under the Russian Accounting Standards on Wednesday.

The bank reported increases in net interest and net fee and commission income for the first quarter. Interest income increased by 28.6 percent and income from fees and commissions increased by 47.6 percent.

Overall assets of the bank amounted to $1.13 billion as of April 1, and net income overall amounted to approximately $12.1 million thus far this year.

The bank's loan portfolio saw a decrease of 2.4 percent overall, amounting to $6.04 billion, between Jan. 1 and April 1. Retail loans decreased by 3.7 percent and amounted to $1.02 billion and corporate loans fell by 2.2 percent, amounting to $5.02 billion.

Compared with other banks and financial institutions in the Russian Federation, the bank ranked 16th for overall assets and it ranked 17th for retail deposits.