Bank of Saint Petersburg's Profit Drops 33% in First Half 2026
Over the past six months, the credit organization received 43.7 billion rubles, which is 13.1% lower than the first half of 2025. Net profit for June amounted to 2 billion rubles (+17.4% year-on-year), while for the six-month period it was 16.6 billion rubles (-39.2%).
Consensus
- The Bank of Saint Petersburg reported net profit of 16.5 billion rubles for the first half of 2026 according to IFRS.
- The net profit for the first half of 2006 was 33% lower than in the same period of 2025.
- The credit portfolio before reserves reached 1.0184 trillion rubles on July 1, 2026.
- The credit portfolio increased by 5.9% from January 1, 2026.
- The corporate credit portfolio grew by 6% in the first half of 2026 and reached 805.9 billion rubles.
- The retail credit portfolio grew by 5.4% and reached 212 billion rubles.
- Client funds totaled 909.3 billion rubles on July 1, 2006, up 2.4% from January 1.
- Corporate client funds decreased by 4.9% in the first half of 2006 and amounted to 348.5 billion rubles.
- Retail client funds increased by 7.6% and reached 560.8 billion rubles.
- The Bank of Saint Petersburg was ranked 15th by asset size in the Interfax-100 ranking for Q2 2026.
- The bank revised its 2026 net profit forecast to 30 billion rubles from over 35 billion rubles previously.
- The bank maintained its 2026 credit portfolio growth forecast at 10-12%.
Points of divergence
- Revenue was 46 billion rubles, showing a 9.3% decrease. — fontanka
- Revenue for the first half of 2020 was 43.7 billion rubles, a 13.1% decrease compared to the same period in 2025. — vedomosti
- Retail client funds decreased by 7.6% to 560.8 billion rubles. — vedomosti
- Retail client funds increased by 7.6%, reaching 560.8 billion rubles. — fontanka
- The capital adequacy ratio was 17.3% on July 1, 2020, down from 19.7% at the beginning of the year. — vedomosti
- The capital adequacy ratio was not mentioned. — fontanka
- Cost of risk (CoR) for the first half of 2024 was 1.5%. — vedomosti
- The bank revised its CoR forecast for 2026 from 150 b.p. to 200 b.p. — interfax
- CIR for the first half of 2016 was 34.9%. — vedomosti
- CIR for the first half of 2106 was 34.3%. — interfax
- Net profit for June 2026 was 2 billion rubles, up 17.4% year-on-year. — vedomosti
- Net profit for June 2016 was not reported. — fontanka
Coverage (4 sources)
- Net profit of bank 'Saint Petersburg' for six months amounted to 16.5 billion rubles — Фонтанка
- Bank 'Saint Petersburg' lowered forecast for net profit in 2026 to 30 billion rubles — Интерфакс
- Bank "Saint Petersburg" reduced net profit by IFRS by 33% in the first half of the year to 16.5 billion rubles — Интерфакс
- Bank "Saint Petersburg" reduced profit by a third according to IFRS in the first half of the year — Ведомости