Promsvyazbank makes regular semi-annual coupon payment under US$200 mln 8.75% senior LPN due 2010

Promsvyazbank has made a regular semi-annual coupon payment in the amount of US$ 8.75 million under the US$ 200 million 8.75% Senior Loan Participation Notes (LPN) due 2010 issued by Promsvyaz Finance Plc., a special purpose vehicle incorporated under the laws of Ireland. US$200 million notes were issued by Promsvyaz Finance Plc. on 4 October 2005.

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/