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Bank Saint Petersburg is the largest independent bank in Russia's North-West and one of the few remaining regional banks of notable size. Its core business is serving companies in its home region, above all those connected with the port and foreign trade. The shares trade on the Moscow Exchange under the ticker BSPB.
The bank earns its money the classic way — net interest margin plus fees and commissions — but with a strong regional and corporate tilt. A significant part of the loan book consists of companies in Saint Petersburg and the surrounding region: construction, trade, transport, and enterprises tied to the seaport.
A separate line of business, and an unusual one for a regional bank, is foreign exchange and trade finance operations. A port city provides a steady flow of export and import settlements, and the departure of foreign banks from the country has made such services scarce.
The retail division serves the residents of the region, but it remains a complement to the corporate business rather than a second pillar of equal weight.
Lending and settlement services for companies in the region, including foreign trade operations.
Mortgages, consumer loans, cards and deposits for residents of the North-West.
Operations in securities and foreign exchange, including the servicing of clients' currency flows.
Strengths and weaknesses describe the business itself. Opportunities and threats describe what may happen around it.
It is a universal bank with a focus on serving companies in the North-West: business lending, settlements, foreign exchange and foreign trade operations. Alongside this it works with the region's households — mortgages, loans, deposits.
The term refers to the geography of the business, not to its size or its public status. The core clients and the loan book are concentrated in Saint Petersburg and the Leningrad Region, whereas the federal banks operate across the whole country.
Yes, the bank follows a dividend policy with a target set as a share of net profit, and when capital adequacy was high it distributed more than the base share. The specific amounts are in the dividends section of the company profile.