PSCB's Business Development Strategy for the period 2007-2011 approved by the Board of Directors on August 10, 2007 stipulates strengthening of the Bank's positions in the Russian North-West financial services market, further growth of the market share, especially in St. Petersburg and Leningrad region (to join Top-10 banks of the North-West of Russia by the end of 2011).

Therefore, our Bank is highly interested in attracting credit facilities and developing relationships with foreign banks-partners and financial companies active in Russia, in various fields of business, including:

• Raising syndicated loans in USD/ EUR and RUR (as well as in other currencies) in the amount starting from USD 5-10 Mln,
• Raising loans and/or credit facilities for developing our global trade finance business, especially Syndicated Trade Finance Loan,
• Bi-lateral direct loans from foreign partners for developing PSCB's MSME loan portfolio (micro, small and medium enterprises),
• Attracting subordinated and senior loans (including long-term credit facilities), raising long-term debt/hybrid finance from our foreign banks-partners and financial companies, attracting trade/debt finance from international financial institutions and other foreign counterparts,
• Arranging bilateral loans with the U.S., European and Asian investors for PSCB business development, including SME lending programs and special purpose loans for corporate.

It should be noted that PSCB, as one of its strategic tasks, intends to develop partner relationships with foreign banks-partners for co-financing of target programs and some customers of the Bank, as well as to take part as an official bank-partner in the specialized projects and programs of international financial institutions in Russia, including – potential raise of debt and equity finance. Besides, PSCB is highly interested in strengthening our bank-to-bank business, attracting credit facilities and developing relationships with foreign banks-partners and financial companies active in Russia, and interested in doing business in the fast growing banking market.

PSCB has been participating in two international technical assistance programs of the International Finance Corporation, the World Bank Group:

• 'Russia Banking Sector Corporate Governance Project', and
• 'Russia Primary Mortgage Market Development Project'.

Furthermore, PSCB is also very much interested in taking part in the following target programs as an official bank-partner, including among the others:

• Program of the Russian Bank for Development OJSC for supporting Small and Medium Enterprises,
• Trade Facilitation Program, Russia Small Business Fund, Syndicated Loans Program arranged by the European Bank for Reconstruction and Development (EBRD),
• Global Trade Facilitation Program and Energy Effectiveness Program of the International Finance Corporation (IFC),
• Programs of the German banking group KfW Bankengruppe (Kreditanstalt fuer Wiederaufbau), targeted at financing and development mortgage lending, SME loan portfolio and financing foreign economic activities for the Russian companies,
• Programs of the Black Sea Trade and Development Bank, as well as programs of other international financial institutions.

Participation in such programs enables the Bank to raise the target funding for developing active transactions, to strengthen its business lines within corporate and retail lending substantially, as well as to become one of the market leaders in St. Petersburg and Leningrad Region. Moreover, it results in additional opportunities for companies based in St. Petersburg, Leningrad Region and in Moscow to get end-to-end financial services meeting the best international standards.