Promsvyazbank arranges road machinery import financing for Interleasing19.02 | 2009
PSB arranged ˆ1.5 million 4-year financing for Interleasing Group to acquire road machinery. Credit resources were provided within the framework of the loan agreement between PSB and Landesbank Baden-Wuerttemberg (Germany), under the guarantee of Euler-Hermes, a German export credit agency. Interleasing Group is one of the leading operators in the Russian leasing services market.
About Promsvyazbank OJSC Promsvyazbank, founded in 1995, is one of the leading privately-owned Russian banks, with total assets of RUB407.6 billion, and total capital of RUB46.7 billion under IFRS as of 30 September 2008. Holding company Promsvyaz Capital B. V. owns 84.68% of the Bank, the remaining 15.32% are owned by Commerzbank Auslandsbanken Holding AG, a subsidiary of the second-largest German bank Commerzbank AG. PSB has the following international credit ratings: “Ba2” from Moody’s Investors Service (stable outlook); “BB-” from Standard & Poor's (negative outlook); “B+” from Fitch Ratings (stable outlook). As As of 1 January 2008, the regional network of the Bank in Russia encompassed about 170 sub-branches, 47 branches and 1 representative office; a foreign branch in Cyprus; and foreign representative offices in Kyrgyz Republic, Ukraine, China, and India.
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