PSB receives World Finance magazine award as best investment bank in Russia

PSB has been awarded the Best Investment Bank in Russia distinction by World Finance, the dedicated British magazine. According to the publication, PSB is the industry leader on the Russian debt capital market.

According to Cbonds, PSB ranks 7th among arrangers of ruble-denominated bond offerings in Russia and 2nd among arrangers of municipal bond offerings, based on 1Q2010 results. In addition, MICEX has been consistently ranking PSB as a TOP 20 bond market operator on the debt capital platform and a TOP 5 leader in REPO transactions on both the debt capital and government securities platforms of MICEX.

World Finance is a leading financial magazine published in Great Britain. In addition to the best players in the banking services market, the magazine annually distinguishes leaders in the oil and gas sector, corporate governance, legal, telecommunications and insurance services.

About Promsvyazbank

OJSC Promsvyazbank, founded in 1995, is one of the leading privately-owned Russian banks, with total assets of RUB 471.2 bn, and total capital of RUB 53.4 bn under IFRS as of 1 April 2010. 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 and“B+” from Fitch Ratings. As at 1 July 2010, PSB had a network of about 250 points of sale in Russia (after the accession of two banks), including 48 branches, a foreign branch in Cyprus, and representative offices in China, India and Ukraine. Upon completion of accession to OJSC Promsvyazbank of OJSC Volgoprombank and OJSC Nizhny Novgorod in May 2010, the Promsvyazbank Banking Group comprises OJSC Promsvyazbank itself as the parent credit institution and OJSC Yarsotsbank. http://eng.psbank.ru/