SMP Bank has been operating in the Russian bank market since 2001. SMP Bank is ranked as one of the 30 largest Russian banks in terms of assets. SMP Bank has over 90 branches covering over 20 Russian regions. Total amount of employees is about 2500.

The Bank is among the TOP-3 in terms of lending to the Russian Federation sub-federal units and municipalities. Among SMP Bank’s corporate clients are the largest federal and private companies of the country.

A high reliability of the Bank is confirmed by National Rating Agency (NRA) - AA level (very high credit worthiness, 2nd level) and by Expert RA - A+ (very high credit worthiness). SMP Bank participates in the mandatory deposit insurance system of the Russian Federation.

A range of financial services which SMP Bank offers to both individuals and legal entities includes loan products, payment cards, cash management services, payroll services, safe deposit boxes, etc.

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.