Investor Presentation

Disclaimer

• This presentation does not constitute or form part of, and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or acquiresecurities of BSPB or any of its subsidiaries in any jurisdiction or an inducement to enter into investment activity in any jurisdiction. Neither this presentationnor any part thereof, nor the fact of its distribution, shall form the basis of, or be relied on in connection with, any contract or commitment or investmentdecision whatsoever. The sole purpose of this presentation is to provide background information to assist the recipient in obtaining a general understanding ofthe business of BSPB and its outlook.

• The information contained in this presentation has not been independently verified. The information in this presentation is subject to verification, completionand change without notice and BSPB is under no obligation to update or keep current the information contained herein. Accordingly, no representation orwarranty, express or implied, is made or given by or on behalf of BSPB, or any of its respective members, directors, officers or employees nor any other personaccepts any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwisearising in connection therewith.

• This presentation contains "forward-looking statements" which include all statements other than statements of historical fact. Such forward-lookingstatements can often be identified by words such as "plans", "expects", "intends", "estimates", "will", "may", "continue", "should" and similar expressions.Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond BSPB's control that could cause theactual results, performance or achievements of BSPB to be materially different from future results, performance or achievements expressed or implied bysuch forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding BSPB's present and future businessstrategies and the environment in which BSPB will operate in the future. By their nature, forward-looking statements involve risks and uncertainties becausethey relate to events and depend on circumstances that may or may not occur in the future. These forward-looking statements speak only as at the date as ofwhich they are made, and neither BSPB nor any of its agents, employees or advisors intends or has any duty or obligation to supplement, amend, update orrevise any of the forward-looking statements contained herein to reflect any change in BSPB's expectations with regard thereto or any change in events,conditions or circumstances on which any such statements are based. The information and opinions contained in this presentation are provided as at the dateof this presentation and are subject to change without notice.

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Bank Saint Petersburg at a glance

Regional leader

Focused on the North-West

Operating and Financial Highlights

The leading privately-owned universal bank in St. Petersburg and Leningrad region

Client base: 1,770,000 retail and 56,000 corporate customers 63 branches and outlets (primarily in St. Petersburg), 781 ATMs

16th largest bank by assets and 14th by retail deposits in Russia 1

Ratings: Fitch BB- (Stable), Moody’s B1 (Stable)

As at October 1, 2016: Total assets: RUB 546.7 bn Total capital: RUB 82.1 bn Сapital adequacy ratio (RAS Basel III): Total capital - 14.3%, Tier 1 – 8.8%

For 9M 2016: Net income: RUB 3.0 bn Cost/Income ratio: 39.3% ROAE: 6.9%

3,900 employees

Note 1: According to InterfaxSource: In accordance with IFRS FS for 9M 2016 3

Saint Petersburg: the dynamic home market

Source: Federal State Statistics Service, Committee for Economic Policy and Strategic Planning

• St. Petersburg and the Leningrad region population –7 000 000

• 4th largest city in Europe

• GRP growth consistently outperforms national average

• Low unemployment (unemployment rate in 2015 only 2.1%)

• Major trade gateway – sea and river ports

• Industrial centre for car manufacturing, heavy machinery and shipbuilding

• Well developed construction sector

• Cultural center and a major tourist destination

• Highly skilled workforce

Geography

Economy

Gross domestic/regional product, y-o-y growth Unemployment, % of economically active population

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Regional business model

The market in St. Petersburg and the Leningrad region is fragmented with local banks playing dominant role in its development

BSPB is a top-3 bank in St. Petersburg in terms of loans and deposits

The Leading Universal Bank in St Petersburg

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Loans, market share* Deposits, market share*

.

Source: Central Bank of Russia’s statistics, Association of North-West banks, Bank Saint Petersburg own estimates

Shareholders structure

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*acc. to the latest available information

Alexander Savelyev

Chairman of the Management Board

CEO in 2001-2014 and has held this position again since July 2016

Chairman of the Bank's Supervisory Board inAug 2014-July 2016 (member since 2001)

The largest shareholder of the Bank

** ca. 11,500 shareholders

Maris Mancinskis

Chief Executive Officer (CEO)

CEO Swedbank (Russia): 2006 – 2008

CEO Swedbank (Latvia): 2009 – 2016

CEO since September 2016

Story of Strategic Development

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2006 – 2009 2014 – 20152010 – 2013

Aggressive growthand going public

Technologies development

Retail is a focusInvestment in quality

Efficiency

• Annual rates of growth 100%

• Тop-20 in terms of assets in Russia

• Loan portfolio growth from RUB 20 bn to RUB 174 bn

• Number of branches and ATMs was doubled

• Entry to the capital markets

• Successful IPO

• New IT-platform launched

• Rebranding started and brand management system implemented

• New HQ launched

• New Internet Bank for retail customers

• Risk-management standards improved

• Тop-3 on St. Petersburg’s mortgage lending market

• Successful acquisition of Bank Evropeisky (Kaliningrad)

• The most efficient bank in retail in 2014 (Renaissance Credit Index)

• New Internet Bank for corporate customers

• Focus on branch network transformation and HR

Building an efficient bank with a scalable

business model

• The key priority is efficiency

• Focus on ROAE growth rather than loan portfolio growth

• F&C income growth

• Capital re-allocation to more profitable business lines

• Innovations in E-banking

2016 – 2018

Corporate vs. Retail banking

Corporate banking

Large and growing client base – 56,000 corporates

Core activity of the Bank

Typical corporate customer is a local / regional medium-sized company

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

Retail banking

Large customer base: 1,770,000 retail customers

Number of cards issued – 1,050,000

12 new offices opened in 2015 (+19% y-o-y), 4 new offices opened in 2016 and 2 in 2017

Successful internet bank platform – 770,000 retail customers and 47,000 corporates

Strategic focus: Retail banking

Retail loans 13% growth y-o-y*

Top-5 player participating in Mortgage Subsidy GovernmentProgram (limit is RUB 22.1 bn)

The Bank #8 in the Russia’ mortgage lending market in 1H 2016

7 mortgage lending centers within the Bank’s branch network

9• * Retail loans include mortgages, car and consumer loans.• Overdue loans include the whole principle of loan at least one day overdue.

Strategic focus: Digital banking

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Assets and liabilities structure

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

• Retail deposits represent 57% of total customer deposits

• Loans/Deposits Ratio close to targeted 100%

• Conservative approach to risk: approximately 94% of the debt securities belong to the CBR Lombard list

• Average duration of the bonds portfolio is 0.9 years

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Due from banks 0.9%

Fixed and other assets 6.0%

Amounts under reverse repo 6.2%

Cash 8.3%

Securities portfolio21.0%

Loans and advances to customers

57.5%

Other 0.8%

Capital markets 3.4%

Shareholders’ equity 11.0%

Due to banks23.7%

Customer accounts(corporates)26.5%

Customer accounts(individuals)34.6%

Liquid

assets

194 bn

Due to

banks

130 bn

Financial Highlights, 9M 2016

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Results for 9M 2016

13* Property tax is excluded from other administrative and operating expenses and included in expenses related to premises and equipment(9M14: RUB 204 mln; 9M15: RUB 207 mln; 9M16: RUB 105 mln).

• Net interest income increased by 30% (70% of Revenues)

• F&C and trading income make strong contributions (15%

of Revenues each)

• Efficient cost control: cost-income stands at 39%

NIM Dynamics

14* The full methodology is available in Mid-Quarter Update_January 2016: https://bspb.ru/en/investors/results/

• Core Banking Margin remains historically high

• Trading margin contributes to NIM growth

• Term deposits repricing outpaces loans repricing

Loan portfolio and quality

15Note: Overdue loans and impaired not past due loans include the whole principle of loan at least one day overdue or impaired.

• Gross loan portfolio increased by 1.2% y-o-y

• Loans to individuals is a major segment of loan portfolio

• RUB 2.1 bn of the loan portfolio written off in 9M 2016

Strategy 2016 – 2018

Focus on Retail Retail customer base growth up to 2 600 000 in 2018

Expansion beyond the home region as well as domestic network expansion

Development of e-banking technologies and partnership programs

Capital growth

Share of retail loans increase up to 20% in 2018

Further increase of on-demand accounts share in liabilities

Further increase of F&C income share in revenues

Capital re-allocation to more profitable business lines

Acquisition targets with low P/BV

Disposal of non-core assets

Dividend Policy – dividend payout ratio of 20%+ of RAS net profit

Efficiency Cost control

Cost-of-Risk control

Net interest margin expansion: share of on-demand accounts growth and non-core assets disposal

ROAE recovery to 15%

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Innovations in E-banking

Efficient bank

Strong position in challenging environment

Investment Highlights

Significant upside for the shares

growth

Simple business model

Experienced and motivated

management team

Clear strategy of a focused regional

bank

A leading privately-owned universal bank

in attractivemarket

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Post-IPO financial performance

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The Bank is always profitable, even in a challenging macroeconomic environment

The Bank is increasing book value per share for its shareholders

Agenda

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Appendix

Financial Highlights, 3Q 2016

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Results for 3Q 2016

21* Property tax is excluded from other administrative and operating expenses and included in expenses related to premises and equipment(3Q15: RUB 69 mln; 4Q15: RUB 67 mln; 1Q16: RUB 36 mln; 2Q16: RUB 34 mln; 3Q16: RUB 35 mln).

• Strong NIM in 4%+ area for the first time since 4Q 2014

• Provisions remain high against the backdrop of challenging

macro environment, putting pressure on ROAE

Contacts

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

Contact information:

E-mail: ir@bspb.ru

Phone: +7 /812/ 332 78 36

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