15th Northwestern Banking Conference opens participant registration

The 15th Northwestern Banking Conference participant registration is now open on the conference official website. The conference will take place on July 7 - 10 in Saint Petersburg.

Conference organizers: PSB, the Bank of Russia Saint Petersburg Directorate, Association of Russian Banks, Association of Northwestern Banks, Union of Industrialists and Entrepreneurs of Saint Petersburg.

Key themes of the 15th Northwestern Banking Conference include: banks amid economic volatility: stagnation or development; in search of development: efficient business process management in banking; banks and real economy: relation “overhaul”; legal protection of lender interests: challenges and solutions; current challenges in interbank and financial markets.

In addition, a series of round table discussions to be held as part of the conference will focus on the following subjects: modern-day international corporate financing technologies; SME lending in the current economic environment; factoring as a relevant financing tool for Russian companies.

The Northwestern Banking Conference traditionally hosts more than 400 participants, including top managers of Russian, CIS and the Baltic States’ banks, as well as representatives of the Bank of Russia, trade associations and the government.

Official website of the Northwestern Banking Conference: www.nwbc.ru.

About Promsvyazbank

OJSC Promsvyazbank, founded in 1995, is one of the leading privately-owned Russian banks, with total assets of RUB 414.5 billion, and total capital of RUB49.3 billion under IFRS as of 1 July 2009. Holding company Promsvyaz Capital B. V. owns 72.93% of the Bank, Commerzbank Auslandsbanken Holding AG, a subsidiary of the second-largest German bank Commerzbank AG, has a 15.32% stake, and the European Bank for Reconstruction and Development owns the remaining 11.75%. PSB has the following international credit ratings: “Ba2” from Moody’s Investors Service; “B” from Standard & Poor's; “B+” from Fitch Ratings. As at 1 April 2009, PSB had a network of about 240 points of sale in Russia, including 48 branches, a foreign branch in Cyprus, and representative offices in China, India and Ukraine.

Banking Group Promsvyazbank includes OJSC Promsvyazbank (head organization), OJSC Volgoprombank, OJSC Yarsotsbank and OJSC Nizhny Novgorod Bank. http://eng.psbank.ru/