PSCB - Relationships with Russian Banks-Partners
Please be informed that the Central Bank of the Russian Federation (CB RF) has included our Bank - Petersburg Social Commercial Bank, OJSC into the List of Russian Banks having the right to receive loans in RUR without any collateral. Further, we would like to inform you officially that the CB RF has established a credit limit for PSCB amounting in total RUR 1.197 Bln (approximately USD 33 Mln). The loans can be taken without any collateral in RUR for the maximum period up to 3 months, and the most essential terms & conditions of this financial instrument are described in the Provision of the CB RF (Bank of Russia) No. 323-P ‘On Granting Loans without Collateral to the Russian Credit Organizations by the Central Bank of the Russian Federation’ of 16 October 2008 approved by the Board of Directors of the CB RF.
Thus, PSCB is one of the 8 banks in St. Petersburg (of 42 commercial banks having its head-quarters in St. Petersburg) that have received these preferential funding sources (and one of 116 Russian commercial banks eligible for funding from the side of the CB RF). The fact that our Bank is eligible for receiving loans without collateral from the CB RF affirms reliability of our Bank and long-lasting successful track-record of PSCB in Russian banking sector.
PSCB enters into General Agreements with our banks-partners in the field of correspondent relationships and trade finance business. For this purposes, PSCB is prepared and interested in placing short-term bank-to-bank loans (deposits) to our banks-partners in RUR and in the foreign currency, including USD and EUR. On the other hand, PSCB also considers our potential participation/requests for short-term syndicated/club loans arranged by the banks-partners of our Bank.
It should be noted, that ZAO Raiffeisenbank has successfully established a credit limit for PSCB for short-term bank-to-bank loans (up to 7 days) in the amount of RUR 111 Mln (January 2009), and at the same time SBERBANK of RUSSIA OAO has successfully opened a credit limit for PSCB for short-term bank-to-bank loans (up to 7 days) in the amount of RUR 100 Mln (January 2009).
Currently, PSCB, in its turn, has established credit facilities in short-term bank-to-bank loans for the following Russian banks-partners:- SBERBANK of RUSSIA OAO,
- ZAO Raiffeisenbank,
- OAO VTB Bank,
- MDM Bank,
- OJSC JSCB «ROSBANK».
