Supervisory Board of Bank Saint-Petersburg approved the development strategy until 2026. Target for return on equity under IFRS has been raised to 18% or more. Loan portfolio is planned to increase to ₽900 bln. Excess capital will continue to be distributed to shareholders through share buy-backs and dividends of at least 20% of IFRS net profit in accordance...

Bank Saint Petersburg's IFRS net profit for 9 months of 2023 amounted to ₽36.881 billion, up 4.3 times from ₽8.526 billion in the previous year. Net interest income rose 2.8 times to ₽34.756 billion from ₽12.661 billion a year earlier.

Bank Saint Petersburg's RAS net profit for 9 months of 2023 amounted to ₽38 billion, up 3.1 times from ₽12.1 billion in the same period of 2021. Net interest income rose 73.4% to ₽36.84 billion against ₽21.25 billion.

Government commission may soon approve the deal on sale of the European Bank for Reconstruction's share in the capital of Bank Saint-Petersburg to its shareholders, said Frank Media sources. As of the end of 2021, the EBRD owned 4.9% of Bank Saint Petersburg shares.