Highlights for FY 2014

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Successful acquisition of Bank Evropeisky (Kaliningrad)

Strong retail loan portfolio (mortgage, car and consumer loans) growth 38% y-o-y

Strong performance in core banking on the backdrop of deteriorating macro environment

Record net interest income RUB 18.5 bn for FY 2014 (+38% y-o-y),

incl. RUB 5.5 bn for 4Q 2014 (+45% comp. with 4Q 2013)

Healthy F&C income RUB 3.7 bn for FY 2014 (+39% y-o-y)

Overview of Key Financials

In RUB bn Jan. 1, 2014 Jan. 1, 2015 Y/Y Oct 1, 2014 Jan. 1, 2015 q-o-q

Total assets 409.42 521.60 +27.40% 448.29 521.60 +16.35%

Gross Loans 276.83 343.74 +24.17% 302.66 343.74 +13.57%

Customer Deposits* 261.63 324.89 +24.18% 284.44 324.89 +14.22%

Total Capital 58.01 62.69 +8.06% 59.34 62.69 +5.64%

FY 2013 FY 2014 4Q 2013 3Q 2014 4Q 2014 q-o-q y-o-y

Net Interest Income 13.37 18.51 +38.43% 3.82 4.47 5.54 +23.84% +45.02%

Net Fee and Commission Income

2.68 3.72 +38.94% 0.80 0.96 1.07 +11.44% +33.97%

Revenues 20.50 23.04 +12.36% 7.20 5.41 6.75 +24.74% -6.19%

Net Income 6.70 4.80 -28.37% 3.08 1.19 0.69 -41.67% -77.56%

FY 2013 FY 2014 4Q 2013 3Q 2014 4Q 2014 q-o-q y-o-y

Net Interest Margin 3.86% 4.42% +0.56 PP 4.05% 4.37% 5.04% +0.67 PP +0.99 PP

Cost/Income Ratio 37.45% 41.93% +4.48 PP 31.40% 42.95% 42.40% -0.55 PP +11.00 PP

ROAE 15.22% 9.69% -5.53 PP 26.08% 9.25% 5.34% -3.91 PP -20.74 PP

• * Customer deposits are calculated as a sum of customer accounts and promissory notes (other debt securities issued) 3

The effect from Bank Evropeisky acquisition

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In RUB bn Group BSPB Bank Saint Petersburg Bank EvropeiskyShare of Bank

Evropeisky in Group BSPB’ financials

Total assets 521.60 513.02 8.58 1.6%

Revenues 23.04 21.88 1.16 5.0%

Net Interest Income 18.51 17.94 0.57 3.1%

Net F&C Income 3.72 3.31 0.41 11.1%

Operating expenses 9.66 9.13 0.53 5.5%

Net Income 4.80 4.20 0.60 12.5%

Cost of acquisition was RUB 625 mln

Acquisition one-off gain posted in the amount of RUB 489 mln

Consolidation of Bank Evropeisky: FY 2014 Key Financials

The effect from RUB devaluation

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RUB devaluation contributed to FY 2014 results:

Gross loans growth 13.2% of 24.2%

Customer deposits growth 14.3% of 24.2%

Retail deposits growth 19.0% of 24.5%

Corporate deposits growth 9.9% of 23.9%

Dilution of the share of loans to individuals by 1.2 pp to 15.1% from 16.3%

Top-20 borrowers/Shareholders equity ratio increased by 28 pp to 150% from 122%

Cost-of-Risk 30 bp of 235 bp

Financial Highlights, FY 2014

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• * Revenues calculation:

- net gains/losses from investment securities available-for-sale are excluded from revenues as one-off

• (FY12: RUB 38 mln, FY13: RUB 2.6 bn, FY14: RUB 265 mln);

- acquisition gain is excluded from revenues as one-off (1Q14: RUB 489 mln)

Results for FY 2014

7* Property tax is excluded from other administrative and operating expenses and included in expenses related to premises and equipment.

(FY12: RUB 268 mln; FY13: RUB 265 mln; FY14: RUB 270 mln)

7212 76799659

• Net interest margin recovered

• Record F&C income

• Tolerable trading results in current conditions

• 4Q14 provisions put pressure on full-year results

Financial Highlights, 4Q 2014

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• * Revenues calculation:

- net gains/losses from investment securities available-for-sale are excluded from revenues as one-off

• (4Q13: RUB 2.0 bn, 1Q14: RUB -92 mln, 2Q14: RUB 341 mln; 4Q14: RUB 16 mln);

- acquisition gain is excluded from revenues as one-off (1Q14: RUB 489 mln)

Results for 4Q 2014

• RUB devaluation visibly impacts financials

• Record net interest income and F&C income

• Deteriorating macro environment drives Cost-of-Risk growth

9* Property tax is excluded from other administrative and operating expenses and included in expenses related to premises and equipment.

(4Q13: RUB 63 mln, 1Q14: RUB 68 mln, 2Q14: RUB 67 mln, 3Q14: RUB 69 mln, 4Q14: RUB 66 mln)

Main Factors affected NIM in 4Q 2014

Average interest rate

Contribution to NIM change:

Due from banks -19 bp

Loans and advances to customers +15 bp

Amounts receivable under reverse repo +23 bp

Trading securities pledged under repo +26 bp

Due to banks -44 bp

Retail term deposits +36 bp

Corporate term deposits +13 bp

Total +50 bp

Average balance

Contribution to NIM change:

Due from banks +37 bp

Loans and advances to customers +27 bp

Due to banks -14 bp

Retail term deposits -9 bp

Corporate term deposits -21 bp

Total +20 bp

Other factors: -3 bp

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Interest Rates and Assets/Liabilities Ratios

* Average assets: gross loans, due from banks, securities portfolio, correspondent accounts

** Average liabilities: due to banks, customer accounts including current accounts, debt securities in issue

• Loans/Deposits Ratio close to targeted 100%

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Business highlights: retail banking

Retail loans 38% growth y-o-y*

Large customer base: 1,400,000 retail customers

Number of cards issued – 947,000

The most efficient bank in retail in 2014 (RenaissanceCredit Index)

Consumer loans:

Impressive growth on the basis of the Bank's owncustomer base providing a low risk profile

Internet banking:

Successful internet bank platform – 408,000 users

The best Internet-Bank in Russia (Global Banking andFinance Review Awards)

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Mortgages:

BSPB ranked 3d among all banks and 1st amongthe privately-owned banks in St. Petersburg mortgagelending market

Top-10 bank in Russian mortgage lending market in 2014

• * Retail loans include mortgages, car and consumer loans

Loan portfolio and quality

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245 bn

58 bn

standard187 bn

standard39 bn

• Loans to individuals is a major segment of loan portfolio

• RUB devaluation affected corporate loan portfolio:

share of loans to individuals declined by 1.2 pp to 15.1% from 16.3%

top-20 borrowers/Shareholders equity ratio increased by 28 pp to 150% from 122%

Loan portfolio and quality

14Note: Provisions for FY12 reduced by the gain from disposal of investment property (RUB 214 mln)

Overdue loans and impaired not past due loans include the whole principle of loan at least one day overdue or impaired

• Gross loan portfolio growth in FY 2014 of 24.2%; Net loan portfolio growth – 25.7%

• Overdue Loans: Corporate – 4.7%; Retail – 3.8%

• RUB 5.7 bn of the loan portfolio written off in FY 2014

• CoR for FY 2014 excl. RUB devaluation 2.1%

• CoR for 4Q 2014 excl. RUB devaluation 2.6%

Assets and liabilities structure

• * Customer deposits are calculated as a sum of customer accounts and promissory notes (other debt securities issued)

• Retail deposits represent 48% of total customer deposits

• Conservative approach to risk: approximately 99% of the debt securities belong to the CBR Lombard list

• Average duration of the bonds portfolio is 1.1 years

Due from banks5.6%

Amounts under reverse repo 5.7%

Fixed and other assets 8.0%

Securities portfolio9.3%

Cash 11.0%

Loans and advances to customers

60.5%

Other 2.5%

Capital markets5.7%

Shareholders’ equity 9.8%

Due to banks19.7%

Customer accounts(individuals)29.9%

Customer accounts(corporates)32.4%

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Capital and funding

• CAR under the CBR regulations (Basel III) as at Jan 1, 2015:

Core Tier 1 CAR (N1.1) – 8.4% (min 5.0%)

Tier 1 CAR (N1.2) – 8.4% (min 5.5%)

Total CAR (N1.0) - 13.3% (min 10%)

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405.3

276.8338.1 354.5

470.7

Strong position in challenging environment

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Capital cushion Basel III Total CAR (N1.0) - ca 13% (min 10%)

Basel III Core Tier 1 CAR (N1.1) - ca 8% (min 5%)

No FX debt to refinance

Liquidity position

Stable customer base

Outstanding eurobonds < 5% of liabilities

Maturity 2017+

Liquid assets significantly exceed short-term liabilities

One of the most liquid institution in the market

Individuals – ca 50% of customer deposits

Insignificant outflow in volatile environment

No major outflow of deposits

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Retail term deposits by currencies Total Retail deposits, RUB bn

Corporate term deposits by currencies Total Corporate deposits, RUB bn

Source: RAS management accounts, as at mid March, 2015

RUB-nominated (mln) USD-nominated (mln) EUR-nominated (mln)

RUB-nominated (mln) USD-nominated (mln) EUR-nominated (mln)

Current Balance Sheet, RUB

Strong liquidity position

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Shareholders’ equity

Capital markets

Due to banks (long-term)

Due to banks (short-term)

86 bn

Customer demand deposits

Customer term deposits

Fixed and other assets

Due from banks

Amounts under reverse repo

Cash

Securities portfolio

Loans and advances to

customers

Unutilized limits from Central Bank of Russia, Ministry of Finance of the RF and others – RUB 32 bn

Lines from banks that could be utilized instantly – RUB 10 bn

Liquid

assets

180 bn

Source: RAS management accounts, as at mid March, 2015

Limited FX exposure

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RUB-nominated (bn) ~69% USD-nominated (bn) ~23% EUR-nominated (bn) ~8%

Source: RAS management accounts, as at mid March, 2015

Fixed and other assets

Due from banks

Amounts under reverse repo

Cash

Securities portfolio

Loans and advances to

customers

Shareholders’ equity

Capital markets

Due to banks

Customer deposits

RUB 337 bn RUB 350 bn

OtherAm. under

rev. repo

Cash

Securities portfolio

Loans and advances to

customers

Capital markets

Due to banks

Customer deposits

USD 1.9 bn USD 1.8 bn

Cash

Loans and advances to

customers

Customer deposits

EUR 0.6 bn EUR 0.6 bn

Guidance for 2015

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Assets growth 10%

Y-o-Y revenues growth

Cost of Risk 250-300 bp

Costs growth less than 10%

Remain profitable

Presentation team

All information for the investors is available on the Bank’s web site: https://www.bspb.ru/en/investors/Contact information:

E-mail: ir@bspb.ruPhone: +7 812 332 78 36

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