The net profit of Bank Saint Petersburg according to RAS for 2024 amounted to 52.6 billion rubles, which is 11.4% higher than in 2023. Net profit for the fourth quarter of 2024 increased by 31.2% compared to the same period of the previous year, amounting to 12.1 billion rubles. This is stated in the message of the bank.
Operating expenses increased by 4.8% to RUB 23.9 billion. The cost-to-income ratio decreased from 29.7% to 25.3%. The loan portfolio increased by 9.1% to RUB 738.9 billion. The corporate loan portfolio increased by 11.1% to 576.9 billion rubles, while the retail loan portfolio increased by 2.7% to 162.1 billion rubles.
The level of overdue debt decreased by 2.7% from 3.1% as of January 1, 2024. The cost of loan reserves in 2024 amounted to 4.9 billion rubles.
As of January 1, 2025, customer funds amounted to RUB 711.6 billion, which is 9.9% more than on January 1, 2024. Corporate client funds increased by 11% to RUB 284.5 billion. Retail customer funds increased by 9.2% over the year to RUB 427.1 billion.
Bank Saint Petersburg is a universal commercial bank founded in 1990. As of October 1, 2024, the Bank serves about 2.3 million individuals and 61,000 companies in 65 offices in St. Petersburg, Leningrad Region, Moscow, Kaliningrad and Novosibirsk, including representative offices in Krasnodar and Rostov-on-Don. The bank's shares have been traded since 2007 and are included in the highest quotation list of the Moscow Stock Exchange with the code BSPB.
