Annual General Shareholders’ Meeting of Promsvyazbank will be held on 26 June 2009

On 26 May 2009 the Board of Directors of Promsvyazbank (PSB) resolved to convene the 2009 Annual General Shareholders’ Meeting (AGM) on 26 June 2009 in Moscow.

The AGM agenda includes the following items: adoption of the annual financial statements and resolution on the distribution of profit for 2008; amendments to the Bank’s Charter; election of the Board of Directors and the Audit Commission; election of an auditing firm for 2009; decision on the remuneration of Directors; and approval of related-party transactions.

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About Promsvyazbank

OJSC Promsvyazbank, founded in 1995, is one of the leading privately-owned Russian banks, with total assets of RUB461.8 billion, and total capital of RUB49.9 billion under IFRS as of 31 December 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; “BB-” from Standard & Poor's; “B+” from Fitch Ratings.  As at 1 May 2009, the regional network of the Bank in Russia encompassed 48 branches, 194 sub-branches and other types of outlets and 1 representative office; as well as a foreign branch in Cyprus; and foreign representative offices in Kyrgyz Republic, Ukraine, China, and India.

Banking Group Promsvyazbank includes OJSC Promsvyazbank (head organization), OJSC Volgoprombank, OJSC Yarsotsbank and OJSC Nizhny Novgorod Bank. www.psbank.ru

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