Promsvyazbank

Promsvyazbank PJSC
Native name
Промсвязьбанк
Company typeState-owned enterprise
Industrybanking
Founded12 May 1995; 29 years ago (1995-05-12)
Headquarters
Moscow
,
Key people
Petr Fradkov
ProductsFinancial services
RevenueRUB 104.091 billion (2020)[1]
RUB 25.944 (2020)[1]
Total assetsRUB 2764.177 billion (2020)[1]
Total equityRUB 248.423 billion (2020)[1]
OwnerRussian Federation
Number of employees
10000 (2021)
RatingBa3 (Moody's; now no rating), BB− (S&P; now no rating) (2017)[2]
Websitewww.psbank.ru

Promsvyazbank PJSC (PSB; Russian: ПАО "Промсвязьбанк") is a state-owned, formerly private Russian bank from Moscow. It was owned by oligarchs Dmitry Ananyev and his brother Alexei Ananyev. As of 2012, it was the 10th-largest bank in Russia by assets.[3]

The bank was established in May 1995 by the Ananyev brothers, the owners of Technoserv, the largest systems integrator in the CIS. Its first customers were major telecom companies such as Rostelecom. Between 2006 and 2012, a 15.32% stake was owned by Commerzbank.[4] In February 2010, an 11.75% stake was acquired by the EBRD.[5]

By February 2016, the bank provided services to more than 100,000 corporate and over 2 million private customers.[6] In 2018, the Russian government nationalized the bank, and prosecuted its former owners; Interpol found the prosecution to be politically motivated. Promsvayzbank was officially designated as a supporting bank of the Russian defense sector.

In response to the prelude to the Russian invasion of Ukraine, specifically the recognition of the Luhansk People's Republic and Donetsk People's Republic as independent from Ukraine by Russian President Vladimir Putin on February 21, 2022, Promsvyazbank has been the target of sanctions from multiple countries including Canada, the United Kingdom, and the United States. In 2024, the head of the Moldovan Police, Viorel Cernăuțeanu, stated that Promsvyazbank was involved in a vote buying scheme in Moldova.

  1. ^ a b c d "Консолидированная финансовая отчетность за год, закончившийся 31 декабря 2020 года" (PDF). www.psbank.ru (in Russian). Retrieved 14 April 2021.
  2. ^ "Рейтинг банков - 2017 (таблица)". Forbes.ru. 23 March 2017. Retrieved 1 May 2017.
  3. ^ "Promsvyazbank | Banks in Russia". Archived from the original on 25 May 2014. Retrieved 23 August 2014.
  4. ^ "Commerzbank Completes Promsvyazbank Stake Sale". The Moscow Times.
  5. ^ "EBRD to buy 11.75% stake in Promsvyazbank". Financial Times. 26 November 2009.
  6. ^ Company information at psbank.ru, retrieved 8 February 2016.