Question 1

What is PSB?

Accepted Answer

PSB (formerly known as Promsvyazbank) is a state-owned universal bank and one of Russia's largest financial institutions. Ranked among the top five Russian banks by assets, PSB is designated by the Bank of Russia as a systemically important credit institution.

Since 2018, PSB has served as the official supporting bank for Russia's defense sector, handling operations related to state defense orders and large government contracts. The bank provides comprehensive financial services to retail clients, corporate customers, small and medium-sized businesses, and defense industry enterprises across Russia.

Question 2

When was PSB founded?

Accepted Answer

PSB was founded on May 12, 1995, by brothers Alexei and Dmitry Ananyev, who were owners of Technoserv, a major systems integrator in the Commonwealth of Independent States. The bank initially focused on serving telecommunications and IT companies, with its first major client being Rostelecom.

By 1998, PSB began expanding into international and corporate banking. Throughout the mid-2000s, the bank evolved into a universal credit institution and entered the top twenty largest banks in Russia. In 2014, the Bank of Russia recognized PSB as one of three systemically important banks in the country.

Question 3

Where is PSB headquartered?

Accepted Answer

PSB's head office is registered in Yaroslavl, at 16 Respublikanskaya Street. As of April 2025, the bank officially completed its relocation from Moscow to Yaroslavl Oblast, moving more than 5,000 employees and their families.

The bank maintains a significant operational presence in Moscow at 10 Smirnovskaya Street, Building 22, which serves as the postal address for correspondence. PSB also operates a representative office in Beijing, China.

Question 4

Where does PSB operate?

Accepted Answer

PSB operates across 89 regions throughout Russia, maintaining a network of approximately 855 offices and over 5,000 ATMs. The bank has expanded its presence significantly across the Russian Federation, including into new regions.

The bank serves over 6.2 million retail clients and 350,000 legal entities. PSB has established offices in various regional centers and smaller settlements, ensuring banking accessibility across diverse geographic areas within Russia.

Question 5

What services does PSB offer?

Accepted Answer

PSB provides a full range of banking services for both retail and corporate clients. For individuals, the bank offers deposits, savings accounts, consumer loans, mortgages (including subsidized government programs), payment cards with cashback programs, and premium banking services through Orange Premium Club and Private Banking.

For businesses, PSB delivers corporate lending, transaction banking, trade finance, cash management, and specialized services for defense industry enterprises. The bank supports small and medium-sized businesses, ranking fourth among Russian banks by SME loan portfolio size. Digital services include a mobile banking application, online banking platform, and innovative solutions such as the Katyusha business assistant chatbot on Telegram. PSB also offers brokerage services, insurance products (OSAGO), and safe deposit box services.

Question 6

What makes PSB unique?

Accepted Answer

PSB holds a distinctive position as Russia's official supporting bank for the defense-industrial complex, managing over 900 billion rubles in credit portfolios for defense enterprises as of 2020. This specialized role allows PSB to service more than 80% of defense sector enterprises and over 50% of state defense orders.

The bank has been recognized for innovation in digital banking, with its internet banking platform ranking in the top three Russian internet banks for digital office capabilities according to Markswebb consulting agency. In October 2024, PSB launched its own cross-border payment system to facilitate international transactions. The bank holds approximately 40% of the military mortgage market and ranks among the top ten banks for overall mortgage lending in Russia.

Question 7

What type of financial institution is PSB?

Accepted Answer

PSB is a universal bank (универсальный банк) in the Russian banking system. As a universal bank, PSB provides the full spectrum of banking services including retail banking, commercial banking, investment services, and specialized government financial operations.

The bank is classified as a systemically important credit institution by the Central Bank of Russia, reflecting its significant role in the Russian financial system. Since 2018, PSB has been 100% state-owned, with all shares held by the Russian Federation through the Federal Agency for State Property Management (Rosimushchestvo). The bank is supervised by the Department for Supervision of Systemically Important Credit Institutions of the Bank of Russia.

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About PSB in Russia