Open Joint Stock Company Promsvyazbank

Description

Open Joint Stock Company Promsvyazbank provides commercial banking services. Its Corporate Banking segment offers settlements and money transfer, commercial and overdraft lending, factoring, leasing, cash collection, currency conversion, and foreign exchange services; letters of credit; and guarantees to legal entities. This segment is also engaged in deposit taking; the issuance of promissory notes and certificates of deposit; trade and long-term finance; and precious metals operations. The companys Retail and Private Banking segment provides settlements and money transfer services; deposit taking and lending services to individuals; foreign exchange services; banking card products; and settlement and cash services to retail customers. Its Capital Markets segment offers deposit taking and interbank lending services, repo transactions, syndicated and subordinated borrowings, securities trading and brokerage services, foreign exchange services, derivatives trading and depositary services, and settlements and money transfer services to banks and other financial institutions. This segment also undertakes borrowings from banks and other financial institutions; issues domestic bonds, loan participation notes, and promissory notes on the market; and is involved in banknote operations. The companys Small and Medium Size Enterprises segment provides commercial lending, deposit taking, promissory notes issuance, money transfer, guarantees, securities brokerage, and foreign exchange services to small and medium size enterprises. As of December 31, 2013, it operated 9 branches, including 8 branches in the Russia and 1 branch in Limassol, Cyprus; 15 full-service sub-branches; 293 retail, and small and medium size entities sub-branches; and 5 representative offices in the Russia, China, India, Ukraine, and Kazakhstan. Open Joint Stock Company Promsvyazbank was formerly known as Promsvyazbank ZAO and changed its name to Open Joint Stock Company Promsvyazbank in March 2007. The company was founded in 1995 and is headquartered in Moscow, Russia.

Tags:

Banking, Finance and Corporate Banking Services, Retail Banking Loans, Individual Banking, Bank Securities, Bank Capital, Private Banking Loans, Bank Stock Loans, Banking Markets, Personal Loans, Private Banking Services, Loans and Financial, Corporate and Investment Banking Services, Market Loans