Nowadays, the development of a large bank, high-quality end-to-end customer servicing, enhancement of business efficiency are only possible in proactive collaboration with foreign financial institutions, given access to international capital markets and use of the latest banking technologies and products, which is why the upgrowth of its international business is among priorities for OJSC Promsvyazbank.

The bank devotes great attention to extending its relations with foreign banks and international financial institutions, as well as improvement of its product range and servicing quality in accordance with the international standards of banking operations.

The bank’s transparency for its international partners is essential in this context. To fit these requirements Promsvyazbank has been carrying its audit in accordance with the International Standards. The bank’s financial statements are signed by KPMG, the one of world’s auditing ‘big four’. The bank is internationally rated "B+/B" from Fitch Ratings, "Ba2" from Moody’s and "BB-/B" from Standard & Poor's.

The International business department of Promsvyazbank deals with a number of products in the framework of trade and project financing, which includes letters of credit, issue of guarantees and forfeiting transactions.

Over a hundred of international financial institutions are partners of OJSC Promsvyazbank under direct unsecured facilities on documentary, guaranteed transactions and funding, the amount of which is over USD1bn.
Thus, not only may customers of Promsvyazbank insure their commercial risks related to international transactions; they can gain funding on better cost conditions, than usually offered by Russian banks.

The key advantages of work with OJSC Promsvyazbank are, as follows:

• Large full-service bank.
• Advanced technologies.
• Specificity insight and vast experience.
• Developed customer base (including large network customers).
• Wide geographic spread of the branch network.
• Well-set relations with foreign suppliers.
• Highly qualified staff.
• Full range of banking products and services for corporate customers and individuals.
• Overall advice support.

Specialists of the department are constantly providing advice and assistance in negotiations to the international business of their customers. High proficiency and vast experience of our personnel do contribute to financial and logistic appraisal of transactions performed along with our foreign partners all over the world. Promsvyazbank furthers its long-term relations with foreign goods and equipment suppliers to Russia (Cisco Systems, Sun Microsystems, Hewlett-Packard, Liebherr, IBM, Caterpillar, Alcatel, Mitsui&Co., Ltd., Nortel etc.) to bring joint efforts and work out effective methods of funding. Over the years of joint work Promsvyazbank has proved to be a reliable partner.