SMP Bank has been operating in the Russian bank market since 2001 and currently offers both personal and corporate banking services, including financial institutions.

The bank’s main products and services include business loans, mortgages, bank cards, deposits, financial market transactions etc.

SMP Bank has about 100 branches covering over 20 Russian cities, with 50 in the Moscow Region alone. SMP Bank’s cash machine network includes more than 400 locations, and cardholders can also withdraw cash from Unified Settlement System cash machines (over 23 000 locations) free of charge or for a small commission depending on their tariff plan.

SMP Bank is ranked as one of the 40 largest Russian banks in the Interfax-TsEA ranking in terms of assets for the end of 2013 and has an individual credit rating of AA from the National Ratings Agency.

News

July 16, 2014
Rating agency Expert RA assigned A + rating to SMP Bank

The rating agency Expert RA has assigned A + credit rating to SMP Bank (very high level of credit capacity), sublevel 2. According to the rating, stable outlook is set.

Such factors as strong competitive positions and broad activity geography (credit company is presented in seven federal districts of the Russian Federation), high quality of security holding, as well as an acceptable level of profitability (according to RAS, ROE amounted to 14.1% for the period from April 1, 2013 to April 1, 2014) have a strong impact on bank's rating.

July 16, 2014
According to RAS, net profit of SMP Bank for the first half of 2014 exceeded 500 million rubles

Net income of SMP Bank for the first half of 2014 has increased in comparison with the same period of last year and amounted to 502 million rubles compared with 452 million rubles as of 01.07.13.

In particular, net income increase is associated with net interest income growth in the amount of 808 million rubles (after deduction of interest) and up to 1,938 million rubles.

May 27, 2014
SMP Bank paid coupon 4 on Series 01 bonds

The total amount of paid coupon yield amounted to 11.7 million rubles. The interest rate of Coupon 4 is 9.20% per annum, which corresponds to 45.87 rubles per bond. The payment obligation with regard to Coupon 4 is performed in full at the stated time.

Series 01 bonds were placed by the Bank on May 29, 2012. Issuing volume amounts to 3 billion rubles, maturity is five years. The interest rate of Coupon 5 is set at 9.20% per annum.

May 05, 2014
According to the International Standard Consolidated Statements, net profit of SMP Bank and AS SMP Bank for 2013 amounts to 958 million rubles.

The main sources of profit were the acquisition of the net interest income at the rate of 3,646 million rubles (a 56% increase compared with 2012) and fee income at the rate of 1,079 million rubles (a 23% increase).

A 23% decrease in net income for 2013 compared with 2012 is connected with lower volume of transactions with affiliated parties (961 million rubles of expenditures against 434 million rubles of income in 2012), a 34% decrease in income from operations with securities and the negative revaluation of securities at the rate of 176 million rubles.

April 01, 2014
“National Rating Agency” confirmed SMP bank credit rating as “AA” (very high solvency, second level)

Following unscheduled financial accounting monitoring of the Bank the Agency did not find tendencies which can undermine its current solvency level.

It’s indicated in the NRA message that the Bank operates as usual and maintains a high level of economic activity in all key lines of business. Bank Management, in NRA estimation, is able to provide high quality management decisions and risk management to fulfil punctual and complete discharge of the credit institution obligations.