Bank Saint Petersburg
| Company type | Public |
|---|---|
| Industry | Financial services |
| Predecessor | Lenbank |
| Founded | 3 October 1990 |
| Headquarters | Saint Petersburg , Russia |
Area served | Northwest Russia |
Key people | Alexander Savelyev (Chairman of the Board), Elena Ivannikova (Chairman of the Supervisory Board) |
| Products | Banking services |
| Website | www |
Bank Saint Petersburg is a financial institution from Russia, established in 1990 in Saint Petersburg. Its operations are mainly concentrated in the Northwest region of Russia, and it is publicly traded on the Moscow Exchange. The bank’s executive board is led by Alexander Savelyev.
History
The bank was initially founded as Lenbank on 3 October 1990, adopting its present name the following year. In June 1998, it gained distinction as the first municipal bank authorized by the Central Bank of Russia to dispense cash directly from card accounts.
In 2007, Bank Saint Petersburg became the first private Russian bank to launch an IPO and secured permission from the Federal Financial Markets Service to issue receipts. Nevertheless, it later chose not to list on international exchanges, instead converting these receipts into common shares that are traded on multiple Russian stock markets.
By January 1, 2018, the bank’s clientele included approximately 1.93 million individual customers alongside 50,000 corporate clients.
Sanctions
On 24 February 2023, Bank Saint Petersburg was subjected to sanctions imposed by both the United States and the United Kingdom in connection with the 2022 Russian invasion of Ukraine. The UK further extended these sanctions in December 2023 by banning correspondent banking relationships. Subsequently, in March 2023, the bank’s mobile app was removed from Google Play following its addition to the updated sanctions list. Similar removals occurred for apps from other Russian banks such as Uralsib, Zenit, and MTS Bank.
Leadership
As of 10 January 2016:
- Chairman of the Supervisory Board: Elena Ivannikova
- Chairman of the Board: Alexander Saveliev
Financial indicators
According to preliminary results for 2017 under RAS standards, Bank Saint Petersburg reported a net profit increase of 1.8 times year-on-year, reaching 4.2 billion rubles.