Promsvyazbank (Промсвязьбанк)

History

OJSC Promsvyazbank (PSB) is a Russian privately-owned universal commercial bank. Founded in 1995, PSB currently ranks 10th by assets among Russian banks (Interfax-100). 

PSB offers a comprehensive range of banking services to corporate and individual customers. PSB’s domestic and international activities are supported by a nation-wide branch network, a branch and a retail office in Cyprus, and representative offices in China, India and Ukraine. The Bank offers its customers a convenient access to over 1,200 ATMs and on-line banking. 

PSB’s majority shareholders are Messrs. Alexey and Dmitry Ananiev. Commerzbank Auslandsbanken Holding AG, a subsidiary of a leading German bank Commerzbank AG, has been a minority shareholder since 2006, with a 15.32% equity stake. The European Bank for Reconstruction and Development became a new PSB shareholder with an 11.78% stake in February 2010. This is the largest EBRD equity investment in a Russian bank to date.