PSB History

1995	PSB established
1996	PSB opens two regional branches Obtains FX operations license
1997	PSB starts reporting under IFRS
1998	PSB is No. 63 Russian bank by assets
1999	PSB joins VISA and MasterCard payment systems PSB IFRS financials audited by independent auditors KPMG
2000	Fitch assigns international credit rating to PSB, starting level: CCC+ PSB is No.44 Russian bank by assets
2001	RUB 150 million debut issue of RUB bonds PSB opens representative office in Kyrgyzstan
2002	PSB opens a branch in Cyprus and a representative office in Kiev, Ukraine PSB is No. 21 Russian bank by assets PSB On-line banking launched
2003	PSB receives a first US$ 30 million syndicated loan from Western banks PSB joins international factoring association Factors Chain International (FCI)
2004	PSB opens a representative office in Beijing, China US$ 100 million debut Eurobond issue First-time credit ratings assigned by Moody’s (B1) and Standard & Poor’s (B-) PSB expands client base despite banking crisis in Russia PSB is among Top 1000 World Banks, according to The Banker
2005	PSB is one of the Best Central and Eastern European Companies, according to Euromoney The number of regional branches reaches 29
2006	German Commerzbank Auslandsbanken Holding AG acquires 15.32% of PSB shares PSB opens a representative office in Delhi, India
2007	PSB controlling shareholder Promsvyaz Capital B.V. acquires 95.07% stake in Volgoprombank PSB is No. 441 globally by shareholders’ equity, according to The Banker PSB launches a new SME business segment
2008	The Banking Group Promsvyazbank is established, Volgoprombank is integrated into the Group PSB successfully overcomes liquidity crunch in the Russian interbank market Agreements on integrating Yarsotsbank and Nizhny Novgorod Bank into the Banking Group Promsvyabank are reached PSB is No. 11 Russian bank by assets