Report content

Bank for future
generations

Annual Report
2019

Bank for future

generations
Margarita Recundal, 9 years old

STRATEGIC REPORT

To be among the leaders in online sales and operations, while remaining the most efficient digital classic Russian bank.
Bank for future

generations
Elena Paronko, 9 years old

FINANCIAL
PERFORMANCE

Core banking revenues increased by 11.2% and amounted to RUB 30.5 billion.
Bank of

my city
Victoriya Stepanova, 11 years old

BUSINESS
DIVISIONS

Expert knowledge of the customer base and proximity to customers ensure the Bank’s flexibility and responsiveness in addressing the needs and interests of each of the 2 232 000 customers.
Technological

bank
Lev Naumov, 6 years old

FROM RISK
TO OPPORTUNITY

Thanks to efficient and proactive risk management, which strives to transform every risk into an opportunity, Bank Saint Petersburg is always profitable and resistant to external shocks.
Bank of High

Culture
Vasilisa Nasaulenko, 7 years old

CREATING WEALTH
RESPONSIBLY

The entire business is built on ethical principles and a responsible approach to increasing wealth and maintaining the trust of employees, customers, shareholders, society as a whole.
Bank for future

generations
Arina Stepanova, 8 years old

AT A GLANCE

One of the largest regional banks in Russia, PJSC Bank Saint Petersburg, was founded in 1990. The Bank operates in St. Petersburg, the Leningrad Region, Moscow, Kaliningrad and Novosibirsk.
Thanks to a well-chosen strategy, consistent financial policy, and commitment to the values of a civilized business, the Bank has for many years maintained a reputation as a strong and reliable partner.

30.5
RUB BN
Core banking revenue
23.3
RUB BN
Net interest income
6.8
RUB BN
Net fee & commission income
674
RUB BN
Assets
14th in Russia
249
RUB BN
Retail deposits
14th in Russia
2 232 000
Individual customers
incl. 1 300 000 Internet Bank users

BUSINESS DIVISIONS

CORPORATE BANKING

To date, Bank Saint Petersburg has 50 000 corporate customers. The Bank’s corporate banking business remains primarily focused on the regional market of St. Petersburg.

RETAIL BANKING

As one of the key players in St. Petersburg’s retail banking services, Bank Saint Petersburg aims to become the first bank of choice for the city's residents. The Bank currently has 2 232 000 retail customers, forming a solid base for the future successful growth of its retail business.

PRIVATE BANKING

The main advantages of the Private Banking program are access to the maximum set of product offers with the best price conditions, comprehensive expertise of customer requests and needs, development of individual solutions, full confidentiality of personal and financial data and customer transactions and family service.

DIGITAL BANKING

The e-banking system for retail customers, Internet Bank, accessible at i.bspb.ru, is the principal online channel for the customers of Bank Saint Petersburg, offering increasingly better services and solutions at more favorable prices. The number of individuals who have signed up for i.bspb.ru showed a growth of 15% in 2019: from 1 130 000 to 1 300 000.

LETTER FROM THE MANAGEMENT

Dear customers,
investors and partners,


Year 2019 for the Russian economy was characterized by slowdown of economic growth and the ruble strengthening. For this year the banking sector once again posted record-braking results, with interest rates going down coupled with continued growth of retail lending, despite customers’ weaker income dynamics.

A distinctive feature of the past year was tighter regulation, namely concerning risk-weights on retail loans in capital adequacy calculations, a reaction to fast growth rates in this segment for the past few years. Corporate lending featured a mild growth corresponding with that of the economy as a whole. Implemented federal and regional projects, such as fast payments system, CBR’s Marketplace, Resident ID card proved to be significant milestones of 2019, leading to the banking sector transformation in the near future.