IBSP Bank’s loan portfolio increased by 14% as at July 1, 2014

04.08.2014

IBSP Bank (International Bank of Saint-Petersburg) summarized its performance for 1H 2014 under RAS.
Bank’s loan portfolio increased by 14% as at July 1, 2014 and amounted to RUB 29,1 bn.
Total capital, calculated under the CBR regulations (Basel III), as at July 1, 2014 amounted to RUB 6,8 bn (+0,4% compared with January 1, 2014). Bank’s total capital (form 134) increased by 2,2% and exceeded RUB 7,1 bn.
As at July 1, 2014 gross profit amounted to RUB 171 million.
Bank’s net assets amounted to RUB 49,2 bn (as at July 1, 2013 – RUB 51,6 bn).

The President of IBSP Bank Sergey Bazhanov commented: “1H 2014 loan portfolio increased by 14% compared with January 1, 2014. This is a good result. If you analyze ratings made by Banki.ru, you’ll find out that there are only 15 banks among the first one hundred Russian banks, which demonstrated higher rates of development. There are even 24 banks from the first one hundred Russian banks, which faced with the decrease of the loan portfolio. Generally, these are the banks, specialized in retail. We are optimizing the structure of assets, keeping the credit financing in priority. Assetsareincreasingslowerthantheloanportfolio. Moreover, there was a small reduction, caused by the specific business model. We keep our main focus on the financing of the reliable corporate clients”.

As at July 1, 2014 IBSP Bank  is ranked 7th in terms of the loan portfolio among the banks of St. Petersbug, 94th among the Russian banks (Banki.ru ranking).

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