Open Joint-Stock Company Promsvyazbank (PSB) is one of Russia’s leading privately owned banks, successfully operating since 1995.

One of Russia’s largest banks. As at 1 April 2011, PSB ranked 10th by assets among Russian banks, according to Interfax information agency. From being a No. 63 bank by assets in 1998, in ten years PSB has grown into one of the largest banks in Russia.

Universal bank. PSB is a universal financial services provider engaged in commercial banking, retail banking, private banking, investment banking, and SME banking. As at 1 April 2011, PSB offered services to about 343,000 retail borrowers and depositors and over 98,000 corporate clients. The number of active cards issued by the Bank reached 991,000.

Countrywide network. Since the opening of its first branch in 1996, PSB has been consistently expanding its regional footprint. Today, PSB branches operate in all economically developed regions of Russia, and a relatively dense network covers Moscow and the Moscow region. As at 1 April 2011, PSB domestic network consisted of about 246 points of sale in more than 90 communities across Russia. The Bank has over 1,200 ATMs in the country. In addition to the domestic network, PSB has a branch and a retail office in Cyprus, as well as foreign representative offices in Ukraine, China and India.

Strong expertise in factoring and trade finance. As at Q1 2011, PSB was a market leader in the Russian factoring market with a 21% share, according to Russian Association of Factoring Compnies. PSB has also been one of the largest and most active players in trade finance in Russia (with 11% market share, as calculated from the S.W.I.F.T. data). In 2011, PSB received the EBRD award as “The Most active Issuing Bank in Russia in medium-term trade finance in 2010 ”, and was awarded the title of 2010 STP Excellence Award  by Deutsche Bank and STP Award 2010 Excellent Quality by Commerzbank.

Credit ratings by two international rating agencies. PSB is rated by two major international credit ratings agencies: Moody’s Investors Services and Fitch Ratings.

Transparent ownership structure. The majority owners of PSB are Messrs. Dmitry and Alexey Ananiev. Mr. Dmitry Ananiev is member of the Federation Council and Chairman of the Federation Council Committee on Financial Markets and Currency Circulation. Mr. Alexey Ananiev is Chairman of PSB’s Board of Directors. Commerzbank Auslandsbanken Holding AG, a subsidiary of a leading German bank Commerzbank AG, has been a minority shareholder since 2006, with a 14.37% equity stake (as at 1 January 2012). The European Bank for Reconstruction and Development became a new PSB shareholder with an 11.75% stake in February 2010. This is the largest EBRD equity investment in a Russian bank to date. See more on the ownership structure under “Ownership and Group Structure”.

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