Bank Saint Petersburg

OJSC Bank St. Petersburg (Bank of Russia General License No. 436 dated 19.09.1997) is one of the largest banks in the North-West region of Russia and the third largest bank in St. Petersburg. The Bank operates in St. Petersburg, Leningrad Region, Moscow, Kaliningrad and Nizhny Novgorod.

Products and Services

The Bank operates in all major markets of banking services - lending, securities transactions, plastic cards, settlement and cash services, foreign exchange, the market of resources of legal entities and individuals, the MBC market.

History and Performance Indicators

2024

Net profit growth of 11.4% to ₽52,6 billion

Net profit of St. Petersburg Bank in 2024 increased by 11.4% and reached ₽52,6 billion. Such data in January 2025 are presented in the bank's statements under RAS.

According to the press service of St. Petersburg Bank, the organization's revenue for 2024 amounted to ₽94,3 billion, which is 28.1% more than in 2023. Net interest income increased by 38.4% and reached ₽70,2 billion. The bank's income structure also notes an increase in net income from operations in financial markets by 10.9%, to ₽11,2 billion. Net commission income decreased by 7.8% and amounted to ₽11,6 billion.

In 2024, the bank's operating expenses amounted to ₽23,9 billion, an increase of 4.8% compared to 2023. The cost of reserves on loans to clients reached ₽4,9 billion. Net profit before tax was ₽64,8 billion, up 5.6% from a year earlier.

Return on capital (ROE) at the end of 2024 amounted to 28.2%. The cost-to-income ratio (CIR) reached 25.3%. The cost of risk (CoR) remained at 0.7%.

As of January 1, 2025, the bank's loan portfolio before provisions amounted to ₽738,9 billion, which is 9.1% higher than the level of the beginning of 2024. The corporate loan portfolio grew by 11.1%, to ₽576,9 billion, and the retail portfolio - by 2.7%, to ₽162,1 billion.

The total amount of customer funds as of January 1, 2025 reached ₽711,6 billion, which is 9.9% higher than the same indicator in 2024. Corporate customer funds increased by 11% and amounted to ₽284,5 billion, retail customer funds grew by 9.2%, reaching ₽427,1 billion.

The bank's share capital as of January 1, 2025 amounted to ₽201,3 billion, which is 17.1% higher than at the beginning of 2024. Equity, calculated according to the methodology of the Central Bank of the Russian Federation (Basel III), reached ₽201,4 billion, an increase of 17.6%. Fixed assets for the year decreased by 14.4% and amounted to ₽133,8 billion.

The fixed capital adequacy ratio (H1.2) at the beginning of 2025 amounted to 14.8% (against 18.6% a year earlier), equity adequacy (H1.0) - 22.2% (against 20.3%).^[1]

Services and applications failed for an unknown reason

Bank St. Petersburg was subjected to a large-scale DDoS attack on November 8-9, 2024, which led to a disruption of all digital services of the organization. The attack was organized by a hacker group from Ukraine, as reported by the bank's press service.

According to Frank Media, the first reports of failures appeared on November 8, 2024 at 09:30 Moscow time. Customers reported inaccessibility of the site, mobile application and problems with the operation of bank terminals.

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Фото: Freepik

The bank's press service explained that protective measures were taken to repel the cyber attack, which temporarily limited access to remote banking services, including an Internet bank, a mobile application, a website, transfers through the Fast Payment System and acquiring.

As a result of the measures taken, the attack was completely repelled, the funds and personal data of customers were not affected. After the incident, all operating systems of the bank returned to stable operation.

During the failure, the bank's administration turned off the ability to comment in official groups on social networks and instant messengers due to massive user complaints about problems with access to services.

Monitoring service Downdetector recorded numerous requests from users about problems with access to banking services within two days. Customers could not use the basic functions of remote banking.

The bank has formally apologised to customers for the inconvenience. After the restoration of all systems, the organization resumed full customer service in standard mode.

The incident was one of the largest failures in banking services in 2024, affecting all remote service channels at the same time.

Over the past few months, this is not the first large-scale cyber attack on Russian financial institutions, which indicates the need to strengthen information security measures.^[2]

Creation of a leasing company

At the end of June 2024, St. Petersburg Bank announced the creation of a subsidiary to provide leasing services - BSPB.Lising LLC. This legal entity is fully owned by the bank, and its authorized capital is 5.5 million rubles. Read more here

2023: Net profit growth by 2.2% to RUB 48.7 billion

Bank St. Petersburg in 2023 recorded a net profit of 48.7 billion rubles, which is 2.2% more than a year earlier. The credit institution disclosed such data on January 25, 2024.

From the materials of the bank it also follows that its assets as of December 31, 2023 reached 1 trillion 56.6 billion rubles, an increase of 26.3% over the year. The loan portfolio before provisions in 2023 grew by 22.7% and amounted to 677.1 billion rubles. The corporate loan portfolio increased by 26.7% - to 519.3 billion rubles, retail - by 11.1% - to 157.8 billion rubles.

Bank "St. Petersburg" in 2023 recorded a net profit of 48.7 billion rubles

The level of overdue debt in 2023 decreased to 3.1% from 5.1% in 2022. The level of coverage of overdue debt reserves as of December 31, 2023 amounted to 151%.

Net interest income of St. Petersburg Bank in 2023 amounted to 50.7 billion rubles (+ 27.3% by 2023), net commission income - 12.7 billion rubles (-11.1%), net income from operations in financial markets - 13.2 billion rubles (-67%).

By the end of 2023, Bank St. Petersburg reduced operating costs by 2.9%, to about 22.5 billion rubles. The expense-to-income ratio rose to 29.7% from 24.5% in 2022. The bank's equity, calculated in accordance with the methodology of the Central Bank of the Russian Federation (Basel III), in 2023 increased by 22.3% - to 173.4 billion rubles. Fixed assets decreased by 15.1% - to 107.0 billion rubles.

The fixed capital adequacy ratio as of December 31, 2023 amounted to 12.7% against 18.1% in 2022, the equity capital adequacy ratio - 20.6% compared to 20.3% as of December 31, 2022. The return on capital in 2023 decreased to 30.8% from 38.9% in 2022, according to the statements of the credit institution.^[3]

2022: Growth of net profit 2.6 times to 47.5 billion rubles

Bank St. Petersburg completed 2022 with a net profit of 47.5 billion rubles, which is 2.6 times higher than the profit a year ago (18.1 billion rubles). The credit institution published such data on March 23, 2023.

It follows from the bank's materials that by January 1, 2023, its loans and advances to customers before provisions amounted to 557.8 billion rubles (+ 8.5% compared to January 1, 2022). 74.4% of the loan portfolio is formed by loans to corporate clients, 25.6% - loans to private clients. The corporate loan portfolio in 2022 grew by 9.6% and amounted to 415.2 billion rubles. The retail loan portfolio grew by 5.3% and amounted to 139 billion rubles, including mortgage loans in 2022 increased by 9.5%.

Net profit of St. Petersburg Bank in 2022 increased 2.6 times

Loan portfolio quality. As of January 1, 2023, the share of problem debt amounted to 8.5% (8.9% as of January 1, 2022). The level of provision for impairment of loans amounted to 7.6% (7.8% as of January 1, 2022). Coverage with reserves of problem debt amounted to 90.2% (87.3% as of January 1, 2022).

Customer funds as of January 1, 2023 amounted to 646.6 billion rubles (+ 28% compared to January 1, 2022). As of January 1, 2023, 50.8% of customer funds were funds of individuals, 49.2% were funds of corporate clients.

The equity capital of St. Petersburg Bank as of January 1, 2023 amounted to 141.8 billion rubles (+ 45.9% compared to January 1, 2022). Fixed assets reached 126.1 billion rubles, an increase of 57.2% compared to January 1, 2022. As a result, the bank's fixed capital adequacy ratio as of January 1, 2023 amounted to 18.1% (11.2% as of January 1, 2022), the equity capital adequacy ratio - 20.3% (13.5% as of January 1, 2022^[4]

2021: Building a Digital Unit

In May 2021, Bank St. Petersburg announced the strengthening of the management team in IT and the creation of a block of digital technologies. Oksana Sivokobilska, Deputy Chairman of the Management Board of Bank St. Petersburg, headed the block of digital technologies.

The new block has combined several IT and digital divisions. Thus, to improve the efficiency of the processes of ensuring the continuous functioning of the bank's information systems, a new division was created - the Department for Monitoring and Continuity of Information Systems. It was headed by Vladimir Milosh, who was previously the director of the Department of Payment Systems.

Alexander Rybakov, as senior vice president for information technology, will oversee the Directorate for the Development of Banking Technologies and the Digital Department. Earlier, Alexander was the director of the Digital Department of the bank, now Vitaly Nekrasov has been appointed to this position, who previously held the position of development director.

The new structure also includes the Information Technology Directorate, headed by Yaroslav Shelin. His team will focus on delivering new standards for infrastructure and network continuity.

team of our Digital Unit is unique. We can show the highest efficiency of technological solutions in the competition with the largest players in the market. Today, Bank St. Petersburg is transforming into a modern digital financial structure. The role of IT and new technologies in the Bank is constantly growing and merging with business areas in the format of cross-functional teams. We introduce high-tech solutions and do it by an order of magnitude more efficient teams than competitors. This is the introduction and development of new client digital services, such as mobile banks, Internet banks for enterprises and private customers, we are developing the IT landscape into a flexible microservice architecture, working with time-to- market, etc. At the same time, methods and techniques for scaling, improving the development process are rapidly developing in the block of digital technologies, - comments Oksana Sivokobilska, Deputy Chairman of the Management Board of Bank St. Petersburg. "The goal and challenge for our unit in 2021 is to provide a qualitatively new level of continuity while increasing the speed of implementations."

2020: Opening a representative office in Krasnodar

Bank St. Petersburg on August 17, 2020 announced the expansion of its presence in the South of Russia and the opening of a representative office in Krasnodar.

The representative office of Bank Saint Petersburg in Krasnodar is located at the address: Krasnodar, Sovetskaya Street, 30. Headed the Krasnodar representative office of the bank Sergey Yatsenko.

As noted, Bank St. Petersburg in the south of Russia is focused on supporting large and medium-sized businesses in the following industries: mechanical engineering, road construction, agriculture, food, chemical industry, etc.

Bank St. Petersburg offers Kuban companies a wide range of classic banking instruments in terms of lending, bank guarantees, servicing and supporting transactions of foreign economic activity participants and much more, as well as individual solutions, taking into account the peculiarities of business for enterprises of various industries, "said Sergey Yatsenko, director of the representative office of Bank St. Petersburg in Krasnodar.

In addition, the bank is ready to become a financial partner for export-oriented companies in the South of Russia. Banking and state support measures, including those implemented jointly with REC, are becoming available to Bank customers from the Krasnodar Territory. These are, in particular, insurance of loans for replenishment of working capital, buyer's loan, subsidizing interest rates on export loans, insurance of a confirmed letter of credit and short-term receivables, search for a foreign buyer of Russian goods/Russian suppliers of goods and services (at the request of a foreign counterparty), analysis of export markets, preparation of the company and products for export, etc.

2019: Loan portfolio growth by 10%

On December 25, 2019, the last meeting of the Supervisory Board of PJSC Bank St. Petersburg was held in 2019, where preliminary results of the outgoing year were discussed and plans for 2020 were outlined. Among the preliminary results of 2019 were noted: an increase in the loan portfolio by 10%, an increase in the number of customers by 10%, activation in new areas, such as commission business, digital business. Thus, as of December 1, 2019, the share of online sales of the Bank's products reached 58%, having increased by 16 percentage points in 2019. More than 60% of all clients of Bank St. Petersburg actively use electronic channels - this is one of the highest levels of digitalization penetration among Russian banks.

The plans for 2020 indicate an increase in the corporate portfolio by at least 15% and retail at the level of about 10%, as well as an increase in the share of the Bank's digital business by at least 10%.

Bank St. Petersburg is one of the largest private banks in Russia with a strong and positive brand that has gained trust and customer support. The Bank serves about 2.4 million individuals and more than 50 thousand companies in 63 offices in St. Petersburg, Leningrad Region, Moscow, Kaliningrad and Novosibirsk. The bank ranks 14th in terms of assets among Russian banks.

2015: Hackers stole the data of several thousand cards of St. Petersburg Bank

Bank St. Petersburg was subjected to a hacker attack, as a result of which information about several thousand card accounts was stolen, the press service of the credit institution said on Thursday, July 23, 2015^[5]

was subjected to a hacker attack, it was repulsed. Information about several thousand card accounts has become available to cybercriminals - full name, account number and card number. The attackers failed to steal the full database of details, information about CVC codes and the validity of cards is not available to them, "said a bank spokesman. "The bank and its customers did not suffer any losses. It is impossible to use a card account on the Internet or otherwise, there is no threat to customers, "the media source emphasized

According to him, the purpose of the hacker attack was to extort funds from the bank's management. The hackers demanded to pay them 29 million rubles, otherwise they threatened to disclose the stolen information on a specially created website, as well as report the loss of information by the bank to the Central Bank of the Russian Federation and the media. "We will definitely not pay anything, since there is no threat to us or customers," the representative of the bank's press service assured. He also said that the bank's specialists noticed in time unusual activity on the Internet related to requests for information about card accounts. The bank informed the law enforcement agencies about this, which attempted to identify the attackers.

"The leak of information about card accounts was controlled by us and law enforcement officers in order to collect as much information as possible about the attackers," the press service explained.

2011: Costs in the field of scientific and technological development, development and research

bank's plans for September 2011 include an increase in the number of customers to 50% in the corporate segment and to 80% in the private segment, as well as an increase in the number of branches in St. Petersburg and the regions by more than two times and an increase in assets by more than three times. As of September 2011, the bank serves 952,600 individuals and 34,600 companies in 35 branches and offices in St. Petersburg, Moscow, Kaliningrad and Nizhny Novgorod.

According to the bank's report, expenses in the field of information technology, payment systems and processing, security systems for the 4th quarter of 2011 amounted to 76.7 million rubles. (against 55.6 million rubles in the third quarter of 2011), of which 55.6 million rubles were allocated by St. Petersburg Bank for the development of IT (31.2 million rubles in the third quarter), 14.2 million rubles. - for the development of payment systems and processing (17.1 million rubles in the previous quarter), 6.9 million rubles. - to improve information security systems (7.3 million rubles).

For comparison, in the fourth quarter of 2010, the bank's total IT costs amounted to RUB 101.5 million, including RUB 95.0 million for the development of information technology and retail business, RUB 6.5 million for the development of information security systems.

In total, St. Petersburg Bank allocated 378.6 million rubles for the development of IT, payment systems and processing, information security systems, retail business in 2011. According to the results of 2010, the bank's expenses for the same purposes amounted to 347.1 million rubles, of which 336.3 million rubles were spent on the development of IT and retail business and another 10.8 million rubles. - on the optimization of information security systems. In total, over RUB 1.56 billion was spent on IT by the bank from 2006 to 2011.

According to St. Petersburg Bank, the main goal in the field of automation and informatization is to ensure the technological competitiveness of the bank. In accordance with the development strategy, the bank plans to: introduce a new automated banking system, sales technologies that provide flexibility and speed of launch of new products; centralization of all analytical systems within a single data warehouse; automation of key front-office processes; implementation CRM- systems; introduction of retail loan scoring. As noted in the bank, these tasks are of a long-term nature, and, as expected, their solution will allow you to quickly respond to market dynamics, master new markets and develop an assortment of banking products.

2007

The history of the Bank originates from the system of specialized state-owned banks. In 2007, the Bank took a significant step in its development, successfully implementing an IPO (initial offering of shares).

Notes