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Bank Sankt-Peterburg OAO : Bank Saint Petersburg 9M and 3Q 2011 IFRS Results

06.02.12

Financial highlights for 9M and 3Q 2011*:

Net income for 9M 2011 increased by 145.1% compared with 9M 2010 to RUB 5.6 billion (USD 175.6 million); Net Income for 3Q 2011 amounted to RUB 1.1 billion (USD 35.6 million); Net interest income for 9M 2011 increased by 14.2% compared with 9M 2010 to RUB 10.3 billion (USD 321.9 million); Loan portfolio increased by 10.6% compared with January 1, 2011 to RUB 223.7 billion (USD 7.0 billion); The share of overdue loans decreased to 4.56% of the loan portfolio (5.08% as at January 1, 2011); 9M 2011 Return on equity amounted to 23.3%

*The RUB-nominated figures are translated into USD at the official exchange rate quoted by the CBR for October 1, 2011 (USD 1.00 = RUB 32.11).

"The third quarter was not an easy one both for economy and the Bank: the financial markets were significantly affected by situation in Europe and our customers started to feel the environment getting worse. In spite of this the Bank's earnings from core business are growing as well as customer deposits. Our operational efficiency is still high and key ratios remain within the target range" .

Source: 4-traders (press release)