Bank of Saint Petersburg Net Profit Falls 28% in Jan-Sep

Bank of Saint Petersburg reported a 27.8% year-on-year decline in net profit to 24.3 billion rubles for January-September under RAS. The drop reflects ongoing margin pressure and higher provisioning in a high-rate environment. This is a single-entity earnings miss, not a systemic signal, but it adds to evidence of weakening Russian banking sector profitability.