PSCB Newsroom
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PRESS RELEASE April 15, 2010
PSCB, OJSC signs a Credit Agreement on USD10,000,000 10-year loan with the U.S. financial institution – WorldBusiness Capital, Inc. and U.S. Overseas Private Investment Corporation
Petersburg Social Commercial Bank, Open Joint-Stock Company (PSCB, OJSC) is honored and proud to announce that the U.S.-based financial institution WorldBusiness Capital, Inc. (WBC) has provided our Bank with an opportunity to finance expansion of its Small and Medium Enterprise (SME) lending business in Russia’s North-West region. Please be informed that on March 26, 2010 our Bank - PSCB, OJSC signed a Credit Agreement on USD 10,000,000 10-year loan with WBC to finance the expansion of PSCB - Small and Medium Enterprises lending business in Russia. The Loan is supported by the Overseas Private Investment Corporation (OPIC), an agency of the United States Government. The Loan proceeds will be disbursed to PSCB to finance the Bank's loans to SMEs. The funding provided by WBC will support the expansion of PSCB’s SME lending activities, primarily for borrowers in the manufacturing, service and trade sectors, which are expected to be in high demand owing to continuing growth of the SME sector in Russia and increasing demand within this sector for banking products that are tailored for their needs. We are honored to work with WBC in Russia, and are pleased to express our sincere gratitude to Mr. Robert D. Monyak, Executive Vice President and Chief Lending Officer, and Mr. Scott T. Freiday, Senior Vice President – Lending, for their day-to-day support, result-oriented approach and professional advice on any matter during the transaction period. WBC has successfully closed loans to small and midsize businesses in emerging markets throughout the world. In 2003 OPIC entered into a cooperative arrangement with WBC to expand support for U.S. small business participation in overseas projects. OPIC was established as an agency of the U.S. government in 1971. It helps U.S. businesses invest overseas, fosters economic development in new and emerging markets, complements the private sector in managing risks associated with foreign direct investment, and supports U.S. foreign policy. Because OPIC charges market-based fees for its products, it operates on a self-sustaining basis at no net cost to taxpayers. PSCB, OJSC is also interested in opening credit facilities for trade finance and documentary business transactions or making arrangements for short-term financing foreign trade contracts on the case-by-case basis with a tenor up to 1 (one) year with the leading global banks in the USA, European Union and Asia-Pacific Region as well as in the CIS member-states. Sincerely yours,Nikolay Alekseev Nikolay Alekseev Deputy Chairman of Management Board Director of International Business Development and Foreign Investments Petersburg Social Commercial Bank, OJSC Tel/Fax: +7 (812) 332 3174 Cell: +7 (921) 942 9771 E-mail: nalekseev@pscb.ru www.pscb.ru Petersburg Social Commercial Bank, OJSC 25 Tsvetochnaya Street St. Petersburg, 196084 Russia |
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PRESS RELEASE April 6, 2010 Petersburg Social Commercial Bank OJSC has released its annual financial reporting and financial results for the year ended 31 December 2009 as per the International Financial Reporting Standards (IFRS) audited by the Russian practice of Moore Stephens Saint-Petersburg, a branch of Moore Stephens Ltd. learn more |
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Dear Ladies and Gentlemen,
International Rating Agency Fitch Ratings Ltd. has inscribed ratings of PSCB, OJSC in Rating Watch «Positive» on March, 5th 2010, equally with ratings of 12 leading Russian banks. According to the official press-release, issued on the 5th March, 2010 Fitch Ratings Ltd. the final decision about exclusion from Rating Watch and potential improvement of rating values will have been made after current financial positions and perspectives on each bank separately (as well as PSCB, OJSC). In the majority of cases the raising of rating will be bound by only one level. Fitch is expecting to accomplish such an analysis within the three next months. learn more... | ||||||||||||||||
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Dear colleagues,
Petersburg Social Commercial Bank, OJSC («PSCB», OJSC, hereafter referred as PSCB) today, on January, 28, 2010, takes place in a conference «Polish-Russian financial and banking cooperation» «PSCB», OJSC has participated in a conference «Polish-Russian financial and banking cooperation», held by Association of Banks of North-West together with Trade and Investment Support Department of Consulate General of Republic of Poland in Saint-Petersburg for representatives of Saint-Petersburg banking community, learn more | ||||||||||||||||
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Dear Ladies and Gentlemen,
October 1, 2009 – Sergey Viktorovich Matishov is appointed to the position of a Member and Deputy Chairman of the Management Board of Petersburg Social Commercial Bank, OJSC. 
Sergey V. Matishov
Deputy Chairman of the Management Board, Head Loan Department Petersburg Social Commercial Bank, OJSC 42, Shpalernaya str. Phone: +7 (812) 7037330, 2759975 (ext.1112) Fax.: + 7 (812) 2759840 (ext.1222) Mobile: +7 (964) 3266758 E-mail: msv@pscb.ru www.pscb.ru The present appointment has been trigged by increase in volume of lending provided to corporate customers, including foreign economic activity participants wholesale and retail traders, as well business enterprizes engaged in consumer goods production. Being a Deputy Chairman of the Management Board Sergey V. Matishov will manage and supervise the activity of the Loan Department, Corporate Clients Division as well as the Bank additional offices located in Saint-Petersburg. Sergey V. Matishov holds also the position of the Head of the Loan Department and Deputy Chairman of the Bank Financial and Credit Committee. Sergey Viktorovich Matishov was born on July 31, 1966 in Frunze. In 2003 he graduated from the Moscow Modern University for the Humanities (Bachelor of Science in Economics). Took the course «Prospects for the development of banking products» at the Academy of the President of Russia (Moscow). His labour activity started in 1993 ãîäó. Starting from 1994 Sergey V. Matishov worked in the Savings Bank of the Russian Federation:
Since October 1, 2009 – Petersburg Social Commercial Bank, OJSC, Deputy Chairman of the Management Board, Member of the Management Board |
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Dear Ladies and Gentlemen,
Enclosed please find PRESS-RELEASE of 05 August 2009 - Petersburg Social Commercial Bank OJSC has released its financial statements for the 1st half-year ended 30 June 2009 as per the International Financial Reporting Standards (IFRS) Petersburg Social Commercial Bank OJSC (hereinafter, - PSCB) is a Russia-based universal commercial bank operating in the banking services market starting from 1993. PSCB has been working in the Russian banking services market since 29 October 1993; the Bank has a General License for banking operations No. 2551 issued by the Central Bank of the Russian Federation. PSCB participates in the State Deposits Insurance Scheme (registration No. 177 under the Register, date of registration of the Bank in the Register: 18 November 2004). On the 14th September 2007, “RenFin Limited” – private equity fund of the company “Renaissance Investment Management” (international investment and banking group – Renaissance Group, http://www.renaissancegroup.com/) has acquired 20% minus one share of the voting shares of PSCB from the present shareholders of the Bank. Successful business activities in the 1st half-year 2009 and growth of the financial figures confirm our Bank’s operation effectiveness, financial stability and growth of investment attractiveness. PSCB has shown significant growth in general financial figures within 2Q 2009, primarily – in income and equity. During the reporting period our Bank’s Net Profit for 6-months 2009, calculated in accordance with the International Financial Reporting Standards (IFRS), has increased by 66% and totaled RUB 101 Mln (in comparison with the same figure equal RUB 61 Mln for 6-months 2008). Accordingly, Profit before Tax for 6-months 2009 amounted RUB 128 Mln, in comparison with RUB 81 Mln of profit before tax for 6-months 2008 (increased by 58%). It should be noted that this growth of profit is conditioned by significant increase of the Net Interest Income and Fee and Commission Income of PSCB. Net Interest Income grew by 8% during 6-months 2009 and totaled RUB 200 Mln (for 6-months 2008: RUB 186 Mln). At the same time, Fee and Commission Income in the 1st half-year 2009 increased by 38% and totaled RUB 158 Mln for 6-months 2009 (for the 1st half-year 2008: RUB 114 Mln). The Bank’s Total Assets amounted RUB 6 343 Mln as at 30 June 2009. Our Bank’s Equity as at 30 June 2009 has increased by 5% and totaled RUB 1 217 Mln in comparison with RUB 1 154 Mln as at 31 June 2008. The Bank’s Loans and Advances to Customers as at 30 June 2009 decreased by 27% in comparison with the same period of the last year (RUB 3 878 Mln as at 30 June 2008) and amounted RUB 2 809 Mln. This decrease in loans and advances is caused by the fact that in the crisis period starting from 2008, PSCB suspended growth of loan portfolio of consumer loans, car loans, minimized exposure in mortgage loans and other retail lending programs, whereas all retail loans are carefully analyzed on the case-by-case basis and being monitored regularly. The main efforts in 2009 are concentrated on keeping and developing general customer base of the Bank – Small and Medium-sized Enterprises trading goods of first priority in St. Petersburg and Leningrad Region. Please note that PSCB launched its global trade finance business successfully and received blank credit facilities for short-term trade finance services and documentary operations with the following foreign banks: Commerzbank AG (Germany), VTB Bank (Deutschland) AG, LHB Internationale Handelsbank AG (Germany), Raiffeisen Zentralbank Osterreich AG (Austria), Oberbank AG (Austria). Despite the fact that only in 2007 our Bank started rendering services on arranging trade finance, opening, performing and servicing international documentary L/Cs, granting international bank guarantees and counter-guarantees in favor of foreign banks-guarantors, the total amount of trade finance operations, granted to the Bank’s clients during the reporting 2008 year exceeded USD 12.7 Mln. Petersburg Social Commercial Bank OJSC is also interested in opening credit facilities for trade finance and documentary business transactions or making arrangements for short-term financing foreign trade contracts on the case-by-case basis with a tenor up to 1 (one) year with the leading banks in the USA, European Union, Canada, Latin America, Middle East and Asia-Pacific Region countries as well as in the CIS member-states. Our Bank is highly interested in attracting credit facilities and developing relationships with foreign banks-partners and financial companies active in Russia, for developing our global trade finance business, including confirmation of the L/Cs and L/Gs on the case-ba-case basis. PSCB is also focused on establishing correspondent relationships and bank-to-bank co-operation with the banks doing business in the Asia-Pacific Region, Northern American and Latin American countries and Middle East and North Africa region, where our Russian customers purchase and import goods/products and our Bank doesn’t have relationships for the time being. On the other hand, PSCB is also interested in making business with the foreign banks-partners and development banks which support their customers in Russia and contribute to development of bi-lateral trade between their home countries and Russia. We are pleased to notify our current and potential banks-partners that 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. On the other hand, PSCB is also interested in making business with the foreign banks-partners and development banks which support their customers in Russia and contribute to development of bi-lateral trade between their home countries and Russia. Should you and/or your clients need any assistance in Russia/ St. Petersburg, please don't hesitate to contact me at anytime! We look forward to hearing back from you, and remain with Sincerely yours,Vladimir Pribytkin Chairman of the Board of Directors Petersburg Social Commercial Bank Tel/Fax: +7 (812) 332 3174 E-mail: vpribytkin@pscb.ru Nikolay Alekseev Deputy Chairman of Management Board Director of International Business Development and Foreign Investments Petersburg Social Commercial Bank, OJSC Tel/Fax: +7 (812) 332 3174 Cell: +7 (921) 942 9771 E-mail: nalekseev@pscb.ru www.pscb.ru Petersburg Social Commercial Bank, OJSC 25 Tsvetochnaya Street St. Petersburg, 196084 Russia |
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15 July 2009 Mr. Aleksander V. Kuzin has been appointed as Member of the Management Board of Petersburg Social Commercial Bank, OJSC
On 13 July, 2009 the Board of Directors of PSCB, OJSC appointed Mr. Aleksander V. Kuzin, Director of Information technologies Department as Member of the Management Board of PSCB, OJSC. 
Aleksander V. Kuzin Member of the Management Board of PSCB, OJSC Director of Information technologies Department Tel..: +7 (812) 332-34-58 (ext. 2345) Cell: +7 901-302-83-37 E-Mail: ka@pscb.ru Total work experience in the IT sector – 9 years. This appointment will contribute to development of automation of accounting of payment, settlement, cash and other operations performed by the bank as well as automation of reporting to the Central Bank of the Russian Federation, the Ministry of Finance of the Russian Federation, the State Taxation Service of the Russian Federation and other controlling bodies. Also it will favour automation of issuance of existing banking products of PSCB and of implementation of new ones. |
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05-06-2009. Petersburg Social Commercial Bank, OJSC has opened correspondent account with the Russian subsidiary bank of Bank of China Limited (China) - Bank of China (ELUOSI).
Petersburg Social Commercial Bank, OJSC has opened correspondent account in USD with the Russian subsidiary bank of Bank of China Limited (China) - Bank of China (ELUOSI) in order to receive new opportunities for financing foreign trade contracts of our Bank’s customers.
 In 1993 Bank of China Limited became one of the first foreign banks that have opened the subsidiary bank in the Russian Federation. During these passed years Bank of China (ELUOSI) has established a reputation of a respectable and dependable business partner. Bank of China (ELUOSI) offers customers a wide variety of the banking services based on the state-of-the-art communications technology and the global branch network of Bank of China Limited. Bank of China (ELUOSI) serves customers from the Russian Federation, China and other countries. Due to the intimate knowledge of both Russian and Chinese business markets, Bank of China (ELUOSI) is able to satisfy the individual customer requirements completely. Thus, PSCB has received an opportunity to provide services to our clients for short-term financing of import transactions from the leading countries world-wide using documentary L/C (letters of credit) and bank guarantees together with the leading Chinese bank- Bank of China Limited. Sincerely yours, Nikolay Alekseev Deputy Chairman of Management Board Director of International Business Development and Foreign Investments Cell: +7 (921) 942 9771 E-mail: nalekseev@pscb.ru |
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25-06-2009. Viktor A. Korotyshov - Member of Management Board, Petersburg Social Commercial Bank, OJSC
Viktor A. Korotyshov - Member of Management Board, Petersburg Social Commercial Bank, OJSC. Date and place of birth: 06 September 1971, Leningrad. Citizenship: Russia Education: higher In 1997 Viktor A. Korotyshov graduated from the 'Higher Banking School', field of study - banking business. In 2001 he studied underthe program 'Foreign Economic Activities. Currency operations in commercial banks'. In 2004 Viktor A. Korotyshov graduated from Moscow Finance and Economic Institute under the specialization 'Finance and Credit'. Work Experience: Viktor A. Korotyshov worked as an Accountant and Head of Accounting and Operational Department in 1995-2001, Bank 'Petrovsky', before joining to PSCB in 2001. In 2001-2003 he was assigned to the position of Head of Corporate Customers Relations Department, PSCB. In 2003-2004 worked as a Commercial Director. In 2004-2006 Viktor A. Korotyshovworked as a Director of branch 'Severny', and as a Director of Business Development in 2006-2007. In 2007-2008 he also headed Department of Corporate Customers Relations Department. Since 01 January 2008 Viktor A. Korotyshovwas assigned as Director of Retail Business Department. Since 25 May 2009 - Member of the Management Board, PSCB. E-Mail: kva@pscb.ru |
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20-06-2009. XVIII International Banking Congress (IBC 2009)
Dear colleagues Herewith we would like to inform you, that XVIII International Banking Congress (IBC - 2009) “Banking System Growth and Stability: in Search for Optimum” will be held in Saint Petersburg within the period of May 27-29, 2009. Congress participants from PSCB, OJSC: Chairman of the Board of Directors - Vladimir L. Pribytkin
Please also be informed that the Bank delegation will participate in the 2009 BACEE Annual General meeting and BELARUS/CIS Banking Forum, that will be held in Minsk, Republic of Belarus during the period of June 6-9. Please find attached the latest Bank Financial Newsletter ¹6 devoted to IBC-2009.Sincerely yours, Nikolay Alekseev Deputy Chairman of Management Board Director of International Business Development and Foreign Investments Cell: +7 (921) 942 9771 E-mail: nalekseev@pscb.ru |
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The international rating agency Fitch Ratings Ltd. has affirmed global and national ratings and outlooks of PSCB, including the Long-term IDR at the level 'B-'
Dear Colleagues, Please be informed that the international rating agency Fitch Ratings Ltd. has affirmed global and national ratings and outlooks of Petersburg Social Commercial Bank OJSC, including the Long-term Issuer’s Default Rating (IDR) at the level ‘B-‘; Outlooks – ‘Stable’.
According to the official press-release issued by Fitch Ratings Ltd. on 20 April 2009, the Stable Outlooks on PSCB reflect its ‘high loss absorption capacity, currently low reported non-performing loans, low foreign currency lending and comfortable liquidity. PSCB’s asset quality should benefit, relative to peers, from its focus on granting primarily short-term working capital facilities’. Management of PSCB believes that affirmation of the global and national ratings of our Bank contributes to improving transparency and openness of the Bank towards foreign and the Russian investors, intensification of the Bank’s international business connections and raise of long-term funding and credit facilities from foreign lenders at more favorable conditions. This fact also evidences increase of the Bank’s reliability for our counterparts. We are pleased to inform you 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. The CB RF has established a credit line for PSCB amounting in total RUR 1 209 Mln for the loans without any collateral in RUR for the maximum period up to 3 months. Enclosed please find PSCB’s Press-Release and the original press-release of 20 April 2009 published by Fitch Ratings Ltd. We look forward to hearing back from you soon and starting our beneficial co-operation, and remain Sincerely yours,Nikolay Alekseev Deputy Chairman of Management Board Director of International Business Development and Foreign Investments Cell: +7 (921) 942 9771 E-mail: nalekseev@pscb.ru |
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07-04-2009. Petersburg Social Commercial Bank OJSC - PSCB Press-Release of 07 April 2008 on the Annual Results and Financial Statements for the year ended 31 December 2008 as per the IFRS, audited by the Russian practice of PwC - ZAO PricewaterhouseCoopers Audit
Dear Colleagues, Enclosed please find PSCB Press-Release of 07 April 2008 on the Annual Results and Financial Statements for the year ended 31 December 2008 as per the IFRS, audited by the Russian practice of PwC - ZAO PricewaterhouseCoopers Audit. For further information, please contact us and we shall be pleased to provide you with PSCB’s International Financial Reporting Standards Financial Statements and Independent Auditor’s Report, which comprise the balance sheet as at 31 December 2007 and the income statement, statement of changes in equity and statement of cash flows for the year then ended and a summary of significant accounting policies and other explanatory notes. During the reporting period our Bank’s Net Profit as at 31 December 2008, calculated in accordance with the IFRS, has increased by 26% and totaled RUR 97.2 Mln (in comparison with the same figure equal RUR 77 Mln as at 31 December 2007). Accordingly, Profit before Tax for 2008 amounted RUR 135 Mln, in comparison with RUR 101 Mln of profit before tax for 2007 (increased by 34%). The Bank’s Total Assets has grown by 24% in comparison with 2007 and amounted RUR 7 530 Mln as at 31 December 2008. Our Bank’s Equity as at 31 December 2008 has increased by 11% and totaled RUR 1 212 Mln in comparison with RUR 1 092 Mln as at 31 December 2007. It should be noted that the Customer Accounts have increased by 25% as at 31 December 2008 and amounted approximately RUR 5 939 Mln. We are pleased to inform you 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. The CB RF has established a credit line for PSCB amounting in total RUR 1 197 Mln for the loans without any collateral in RUR for the maximum period up to 3 months (it should be noted that the credit line for PSCB was increased by the CB RF in December 2008 from RUR 844 Mln – initial facility set in October 2008). Our Bank is highly interested in attracting credit facilities and developing relationships with foreign banks-partners and financial companies active in Russia, for developing our global trade finance business, including confirmation of the L/Cs and L/Gs on the case-ba-case basis. PSCB is also focused on establishing correspondent relationships and bank-to-bank co-operation with the banks doing business in the Asia-Pacific Region, Northern American and Latin American countries and Middle East and North Africa region, where our Russian customers purchase and import goods/products and our Bank doesn’t have relationships for the time being. On the other hand, PSCB is also interested in making business with the foreign banks-partners and development banks which support their customers in Russia and contribute to development of bi-lateral trade between their home countries and Russia. We are pleased to notify our current and potential banks-partners that PSCB is highly interested in strengthening our bank-to-bank business and developing relationships with foreign banks-partners and financial companies active in Russia, and interested in doing business in the fast growing Russian banking market. Please don't hesitate to contact me at anytime with your questions! Thank you in advance. We would also be very pleased to discuss our Bank’s Application for Co-Operation and potential projects with your fine Bank in the field of our international business relations and trade finance/correspondent banking! Please note that we are also interested in obtaining your fine Bank’s co-operation proposal and your vision of developing our bank-to-bank business. Should you and/or your clients need any assistance in Russia/ St. Petersburg, please don't hesitate to contact me at anytime! I look forward to hearing back from you soon and starting our beneficial co-operation, and remain Sincerely yours, Nikolay Alekseev Nikolay Alekseev Deputy Chairman of Management Board Director of International Business Development and Foreign Investments Petersburg Social Commercial Bank, OJSC Tel/Fax: +7 (812) 332 3174 Cell: +7 (921) 942 9771 E-mail: nalekseev@pscb.ru www.pscb.ru Petersburg Social Commercial Bank, OJSC 25 Tsvetochnaya Street St. Petersburg, 196084 Russia |
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13-03-2009. Petersburg Social Commercial Bank, OJSC has opened correspondent account with the leading Cyprus bank HELLENIC BANK PUBLIC COMPANY LTD.
Petersburg Social Commercial Bank, OJSC has opened correspondent account in EUR with the Cyprus bank-partner HELLENIC BANK PUBLIC COMPANY LTD. (head-quartered in Nicosia), in order to receive new opportunities for financing foreign trade contracts of our Bank’s customers. 
HELLENIC BANK PUBLIC COMPANY LTD.– The Hellenic Bank Group commenced operations in 1976. In a relatively short period of time, it managed to establish itself as one of the biggest banking and financial institutions in Cyprus. The Group includes a network of around 80 branches in Cyprus and 28 in Greece while employing over 2,000 people locally and abroad. The Hellenic Bank also has Representative Offices in South Africa, Russia and Ukraine. The success of the Group is based on exemplary customer service, the wide range of products and services on offer and use of the latest technology in information and control systems. Alongside traditional banking operations, the Group also provides a wide range of financial services including: leasing facilities, factoring, brokerage services, insurance, portfolio management, Investment Banking, mutual funds, Private Banking and custodian services. Thus, PSCB has received an opportunity to provide services to our clients for short-term financing of import transactions from the leading countries world-wide, including the member-states of the European Union and other global financial centers, using documentary L/C (letters of credit) and bank guarantees together with the leading Cyprus bank- HELLENIC BANK PUBLIC COMPANY LTD.If you have any questions or need any information, please don’t hesitate to contact representatives of PSCB Ms. Anna Kotilo, Head of Correspondent Banking Department, (Tel: +7 (812) 332 3114 (ext. 2152),E-mail: kam@pscb.ru) and Ms. Margarita Tarakanova, Officer of Correspondent Banking Department, (Tel/Fax: +7 (812) 332 2626, (ext. 2133), E-Mail: tma@pscb.ru), or Mrs. Elena Tegnebidina, Head of Trade Finance & Documentary Business Department (Tel: +7 (812) 332 3174, E-Mail: tef@pscb.ru, Mob: +7 (812) 716 3807). |
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01-12-2008. Petersburg Social Commercial Bank, OJSC has opened correspondent accounts with the leading German banks HELABA Landesbank Hessen-Thuringen and Bayerische Hypo- und Vereinsbank AG (Member of UniCredit Group)
Petersburg Social Commercial Bank, OJSC has opened correspondent accounts in USD and EUR with the German bank-partner HELABA Landesbank Hessen-Thuringen (head-quartered in Frankfurt-am-Main), as well as an EUR correspondent account with another German bank-partner Bayerische Hypo- und Vereinsbank AG (having its head-quarters in Munchen) in order to receive new opportunities for financing foreign trade contracts of our Bank’s customers.
If you have any questions or need any information, please don’t hesitate to contact representatives of PSCB
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11-11-2008 Dear Colleagues, Enclosed please find PSCB IFRS FS 3Q 2008 for your consideration - interim financial statements in English with financial figures for the 3 Quarters 2008. The 2008 FS include Balance Sheet, Income Statement, Statement of Cash Flow and Statement of Changes in Equity (in Excel format). FYI, I have also enclosed PSCB Press-Release of 07 November 2008 on the Interim Financial Results and FS for 3Q 2008 as per the International Financial Reporting Standards (IFRS).
During the reporting period our Bank’s Net Profit as at 30 September 2008, calculated in accordance with the IFRS, has increased by 136% and totaled RUR 99.4 Mln (in comparison with the same figure as at 30 September 2007). It should be noted that this growth is conditioned by the high Net Interest Income of PSCB which totaled RUR 296 Mln for the 3rd Quarter 2008. Besides, overall Operating Income of our Bank for the 3rd Quarter 2008 has increased by 65% and totaled RUR 437 Mln in comparison with RUR 265 Mln for the 3rd Quarter 2007. We are pleased to inform you that the Central Bank of the Russian Federation (CB RF) has included Petersburg Social Commercial Bank, OJSC into the List of Russian Banks having the right to receive loans in RUR without any collateral with a maximum eligible credit limit for PSCB amounting RUR 844 Mln (approximately USD 31 Mln). I would like to inform you that on the 11th -12th November 2008, I will be on a business trip to Frankfurt-am-Main where we shall meet our current banks-partners and potential new partners. Please note that we are prepared and interested in establishing correspondent relationships with the international banks-partners and developing our co-operation in the global trade finance & documentary business. If you are available in Frankfurt-am-Main on the 11th-12th November, I will be very pleased to meet with you and discuss our current and new areas of co-operation. Please advise me the time appropriate for you and I will confirm our appointment. Please be sure that PSCB is always pleased to welcome you at our head-office in St. Petersburg! We are pleased to notify our current and potential banks-partners that PSCB is highly interested in strengthening our bank-to-bank business and developing relationships with foreign banks-partners and financial companies active in Russia, and interested in doing business in the fast growing Russian banking market. Please don't hesitate to contact me at anytime with your questions! Thank you in advance. We look forward to our meeting on the 11th -12th November 2008 in Frankfurt aM, and to hearing back from you soon! Sincerely yours, Nikolay Alekseev Nikolay Alekseev Deputy Chairman of Management Board Petersburg Social Commercial Bank, OJSC Tel/Fax: +7 (812) 332 3174 Cell: +7 (921) 942 9771 E-mail: nalekseev@pscb.ru www.pscb.ru Petersburg Social Commercial Bank, OJSC 25 Tsvetochnaya Street St. Petersburg, 196084 Russia | ||||||||||||||||
16-10-2008 PSCB Press-Release on the interim financial results for 3Q 2008 as per the Russian Accounting Standards Dear Partner and Clients, Please be informed that Petersburg Social Commercial Bank OJSC has released its Press-Release dated 16th October 2008 on the Interim Financial Results for 3Q 2008 as per the Russian Accounting Standards (RAS). Successful business activities in the 3Q 2008 and growth of the financial figures confirm our Bank’s operation effectiveness, financial stability and growth of investment attractiveness. During the 3rd Quarter 2008 PSCB has shown a significant growth in general financial figures. During the reporting period our Bank’s Balance Sheet Profit as at 01 October 2008, calculated in accordance with the RAS, has increased by 120% and totaled RUR 140 Mln (in comparison with the same figure as at 01 October 2007). The Bank’s Total Assets has grown by 35% in comparison with the same period of 2007 and amounted RUR 6 589 Mln as at 01 October 2008. Our Bank’s Equity as at 01 October 2008 has increased by 63% and totaled RUR 1 055 Mln in comparison with RUR 645 Mln as at 01 October 2007. Please click here to download the full text of the Press-Release. | ||||||||||||||||
15-09-2008  Jignovskaya Tatiana VladimirovnaDeputy Chairman of the Management Board OJSC PSCB Birth date and birth place: 01 march 1962, Leningrad Citizenship: Russian Federation Education: High In 1986 graduated the Leningrad Financial and Economic institute of a name of N.A. Voznesensky (FINEC). Qualification "Economist" on speciality "Book keeping and the economic activities analysis" was awarded. Work data: Had begun the labour activity in 1979 in the State Bank of the USSR in operational management and had worked there till 1990. With 1992 for 1997 worked in OJSC "Vitabank" in department of monetary circulation and management on cash work. With 1997 on 2000 - Chief of monetary circulation held in OJSC "Bank Petrovsky" In OJSC "PSCB" works since February 2000 2000-2003 - Chief of department of monetary circulation and cash operations 2003-2006 - Chief economist 2006-2007 - Deputy head of service of the internal control 2007-2008 - Head of service of the internal control works since February Since October, 14th the Deputy Chairman of the Management Board of OJSC "PSCB" | ||||||||||||||||
15-09-2008 PSCB has signed a Co-Operation Agreement with IKB Leasing on 01 September 2008 PSCB signed a Co-Operation Agreement with ZAO IKB Leasing – Russian subsidiary of leading European leasing company IKB Leasing GmbH (Germany), in order to enhance bi-lateral co-operation and promote financial leasing transactions for the Russian companies active in Moscow, St. Petersburg and North-West Federal District of Russia. The target leasing transactions will include financial leasing of printing, metalworking, woodworking, plastic working equipment, as well as equipment for food processing industry and packaging equipment. It should be noted that IKB Leasing has subsidiaries in France, Austria, Poland, Hungary, Romania, Russia, Czech Republic and Slovakia. On the other hand, PSCB also develops beneficial co-operation with IKB Deutsche Industriebank AG – the leading European provider of long-term financing to medium-sized companies, by assisting our Russian customers to get access to long-term export finance and industrial project finance. | ||||||||||||||||
01-09-2008 PSCB has released Financial Newsletter No. 5 in English with the IFRS interim financial statements for 2008 Dear Clients and Partners of PSCB, Hereby we are pleased to represent to you the Bank's Financial Newsletter No.5 in English with the IFRS interim financial statements for 2008 and the latest global & national ratings assigned to PSCB. Please click here... to download full version of the Financial Newsletter. | ||||||||||||||||
26-08-2008 The international rating agency Moody's Investors Service has assigned the following global and national scale credit ratings to Petersburg Social Commercial Bank OJSC: B3/NP/E+/Baa3.ru On Friday, 22 August 2008, the international rating agency Moody's Investors Service has assigned the following global and national scale credit ratings to Petersburg Social Commercial Bank OJSC:
Assignment of first time global and national ratings to PSCB by Moody's Investors Service and upgrade of the international and national ratings by Fitch Ratings Ltd. made on 25 June 2008, contributes to improvement of transparency and openness of the Bank towards foreign and the Russian investors, intensification of the Bank's international business connections and raise of long-term funding and credit facilities from foreign lenders at more favorable conditions, and this also evidences increase of the Bank's reliability. | ||||||||||||||||
20-08-2008 PSCB will take part in the Annual International Conference 2008 Syndicated Loans in Russia & CIS: Challenges and Opportunities in Rapidly Developing Markets organized by C5 on 11-14 November 2008 in Frankfurt-am-Main, Germany Dear Colleagues, Please be informed that Mr. Nikolay Alekseev (Deputy Chairman of the Management Board, Director of International Business Development and Foreign Investments) will hold meetings with our German and international banks-partners in Frankfurt-am-Main from 11 till 14 November 2008. On 13-14 November 2008, Nikolay Alekseev will represent PSCB on the Annual International Conference 2008 Syndicated Loans in Russia & CIS: Challenges and Opportunities in Rapidly Developing Markets organized by C5 on 13-14 November 2008 in Frankfurt-am-Main, Germany, where our Bank is interested in establishing new bi-lateral business connections with European and global banks and financial companies. It should be noted that PSCB is interested in raising long-term trade/debt finance from international financial institutions and other foreign counterparts, including syndicated loans in USD/ EUR and RUR (as well as in other currencies) in the amount from and loans and/or credit facilities for developing our global trade finance business, especially Syndicated Trade Finance Loan. If you're interested to meet with our Bank's representatives in Germany on 11-14 November 2008, please feel free to send us your request via: E-mail: nalekseev@pscb.ru, Mobile: +7 (921) 942 9771, Tel/Fax: +7 (812) 332 3174. | ||||||||||||||||
14-08-2007 – Management of PSCB will hold meetings with our German banks-partners in Berlin on the 15th September 2008 and will take part in the global financial conference and exhibition SIBOS 2008 in Vienna 16-18 September 2008 Dear Clients, Please be informed that Mr. Volker Undorf (Member of the Board of Directors) and Mr. Nikolay Alekseev (Deputy Chairman of the Management Board) will hold meetings with our German banks-partners in Berlin on the 15th September 2008. Furthermore, Nikolay Alekseev will also take part in the global financial conference and exhibition SIBOS 2008 in Vienna 16-18 September 2008, where our Bank is interested in establishing new bi-lateral business connections with European and global banks and financial companies. If you're interested to meet with our Bank's representatives in Germany and Austria during these dates, please feel free to contact via: E-mail: nalekseev@pscb.ru, Mobile: +7 (812) 716 3841, Tel/Fax: +7 (812) 332 2626. Nikolay Alekseev Deputy Chairman of the Management Board, Director of International Business Development and Foreign Investments Corporate Secretary Petersburg Social Commercial Bank, OJSC Tel/Fax: +7 (812) 332 3174 Tel: +7 (812) 275 9950 ext. 2159 Mobile: +7 (812) 716 3841 E-mail: nalekseev@pscb.ru www.pscb.ru | ||||||||||||||||
27-06-2008. The Banking portal FinNews.ru has released the "Rating of Openness of the Top-Managers of financial institutions in St. Petersburg for 2007" The Banking portal FinNews.ru has released the "Rating of Openness of the Top-Managers of financial institutions in St. Petersburg for 2007" (the 1-st report was published in Spring 2007). Vladimir L. Pribytkin, Chairman of the Board of Directors, PSCB in the "Rating of Openness of the Top-Managers of financial institutions in St. Petersburg", released by the Russian banking portal FinNews.ru, was ranked 2nd according to the results of 2007, moving upwards from the 8-th rank for 2006. The goal and methods of making rating remains the same, i.e. under the openness the banking portal FinNews.ru understands an aggregate of following 5 qualities:
tel.: +7 (812) 332-31-74 Mob.: +7 (812) 716-38-41 | ||||||||||||||||
25-06-2008. The international rating agency ‘Fitch Ratings Ltd.’ upgrades Petersburg Social Commercial Bank OJSC (PSCB) to ‘B-‘; Outlook ‘Stable’ The international rating agency Fitch Ratings Ltd. has upgraded international and national rating of Petersburg Social Commercial Bank (PSCB) on 25 June 2008 as follows: Foreign currency Issuer Default Rating (IDR) upgraded to 'B-' from 'CCC'; Short-term IDR upgraded to 'B' from 'C'; National rating upgraded to ‘BB-’ from ‘B’. The Outlooks for the Long-term IDR and National Long-term rating remain Stable. In addition, Fitch Ratings Ltd. has affirmed the other ratings of PSCB (please see the table below):
Upgrade of the international and national ratings of PSCB contributes to improvement of transparency and openness of the Bank towards foreign and the Russian investors, intensification of the Bank’s international business connections and raise of long-term funding and credit facilities from foreign lenders at more favorable conditions, and this also evidences increase of the Bank’s reliability. Our long-term co-operation with the Russian audit practice of PricewaterhouseCoopers – ‘ZAO PricewaterhouseCoopers Audit’ (official auditor of PSCB as per the RAS and IFRS since 2003) and another one international rating agency ‘Moody's Investors Service Inc.’ (since May 2008) contributes to PSCB’s successful operation in the global financial markets and realization of international trade & project finance in the interests of our Bank’s Russian and foreign clients. Please feel free to request any other information from the Department of International Business Development and Foreign Investments regarding the activities and business development in PSCB: Nikolay Alekseev Deputy Chairman of the Management Board, Director of International Business Development and Foreign Investments Corporate Secretary Petersburg Social Commercial Bank, OJSC Tel/Fax: +7 (812) 332 3174 Tel: +7 (812) 275 9950 ext. 2159 Mobile: +7 (812) 716 3841 E-mail: nalekseev@pscb.ru www.pscb.ru | ||||||||||||||||
11-06-2008. Management of PSCB OJSC in Germany and Austria On June 30 - July 1, 2008 the delegation of PSCB OJSC in the composition of Vladimir Pribytkin (Chairman of the Board directors), Folker Undorf (Member of the Board directors) and Nikolai Alekseyev (Deputy Chairman of the Management Board, Director of International Business Development and Foreign Investments) will visit Frankfurt-am-Main (Germany) for the negotiations with German bank- partners. On July 2, 2008 the delegation will visit Vienna (Austria) for the negotiations with the Austrian bank- partners. In more detail: Nikolai Alekseyev Deputy Chairman of the Management Board, Director of International Business Development and Foreign Investments Petersburg social commercial bank OJSC tel.: +7 (812) 332-31-74 (2159) Mob.: +7 (812) 716-38-41 e-Mail: nalekseev@pscb.ru www.pskb.ru | ||||||||||||||||
 03-06-2008. On the 3rd of June, 2008, Natalia Tur was appointed to the post of Chairman of the Management Board of JSC «Petersburg Social Commercial Bank» (JSC «PSCB») by the coordination of the State Administration of Central Bank of Russian Federation.
This appointment is connected with the development of new bank products and realization of positions of the Strategy of Business Development of JSC «PSCB» for 2007-2009. Her activity will be directed on intensive development of Bank’s business in North-West Federal Region, especially in Saint Petersburg and Leningrad Area, on the growth of corporative credit briefcase and on the extension of share of JSC «PSCB» on the retail services market. The appointment is also caused by necessity of intensive development of JSC «PSCB» in accordance with Business Development strategy of JSC «PSCB» for 2007-2011, which was affirmed on the meeting of the Board of Directors, on 3rd of June, 2008, and also by increase in the competitive ability in Russian bank sector. As the Chairman of the Management Board, Natalia Tur will be occupied by the realization of strategic tasks of the Bank. One of them is including new foreign investors in the capital of JSC «PSCB», what will cause growth of international rating. In connection with the fact that the Bank`s task to the immediate prospects is to become the bank, whose shareholding will be attractive for foreign and Russian investors and has high constantly growing course cost, Natalia Tur will coordinate taking the measures for the improvement the quality of work, including corporate administration development, on internal check strengthlening and control of risks, on transparanting of the activity, directed toward increasing the image of bank for the purpose outputting to the international financial markets and and attraction of foreign investors. Natalia Tur was born in 1961; in 1984 she graduated from Leningrad State University im A. A. Jdanov with the qualification of mathematics teacher. In 1987, by the decision of the council of Leningrad State University im A. A. Jdanov, Natalia Tur has been awarded the scientific degree of Candidate in Physics and Mathematical Sciences. In 2000, she passed the professional retraining in International Management School «LETU-Levanium» of Saint Petersburg State Electro technical University and has been awarded the degree of Master in the Business Administration. Freely manages English. Natalia Tur has begun her working activity in 1988 in Leningrad State University im A. A. Jdanov as mathematics engineer. Since 1990 has worked at USSR Science Academy (the branch of Engineering Science Institute im A. A. Blagonravov in Leningrad). Since 1994 for 1997 she has worked in «Saint-Petersburg» Bank, in Board of Securities; 1997-1998 – Director of Planning Investments Department in Closed Joint-Stock Company «Sberbank-capital». Since 2001 for 2005 worked as Business Development Manager in Closed Joint-Stock Company «Arcadia». General length of employment in the bank sphere comprises more than 5 years. Has an experience of working in the auditorial company PWS (2005-2006). On the 3rd of October, 2006, Natalia Tur was accepted on the Commercial Director post in JSC «PSCB». Since 20th of September, 2007, she was transferred into the post of Deputy Chairman of the Administration. Since 29th of April, 2008 – Acting Chairman of Administration of the Bank Vladimir Prybitkin Chairman of the Board Directors JSC «Petersburg Social Commercial Bank» Tel/Fax: +7 (812) 332 2626 Mobile: +7 (921) 965 7326 E-mail: vpribytkin@pscb.ru Please feel free to request any other information from the Department of International Business Development and Foreign Investments regarding the activities and business development in PSCB: Nikolay Alekseev Deputy Chairman of the Management Board, Director of International Business Development and Foreign Investments Corporate Secretary Petersburg Social Commercial Bank, OJSC Tel/Fax: +7 (812) 332 3174 Tel: +7 (812) 275 9950 ext. 2159 Mobile: +7 (812) 716 3841 E-mail: nalekseev@pscb.ru www.pscb.ru | ||||||||||||||||
 16-05-2008. PSCB, OJSC and Raiffeisenbank ZAO signed the Mortgage Lending Refinancing Cooperation Agreement
On the photo, left to right: Elena Aleshina, Underwriter, Group of Analysis and Purchasing of Mortgage Loans, Raiffeisenbank ZAO, Kirill Lelchitsky, Project Manager, Mortgage Products Department, Raiffeisenbank ZAO, Nikolay Alekseev (Deputy Chairman of the Management Board, Director of International Business Development and Foreign Investments, PSCB), Mrs. Nadezhda Ergunova (Head of Mortgage Lending Department, PSCB). PSCB, OJSC and Raiffeisenbank ZAO signed the Mortgage Lending Refinancing Cooperation Agreement. The present Agreement will enable the Bank to grant mortgage credits following the standards of Raiffeisenbank ZAO and to refinance them under the Agreemnt thus expanding the range of mortgage credits offered to customers | ||||||||||||||||
16-05-2008. Annual Report 2007 of PSCB, OJSC is released Dear Clients and Partners of PSCB, Hereby we are pleased to represent to you Annual Report 2007 of Petersburg Social Commercial Bank OJSC. Please click here... to download full Annual Report 2007 PSCB, OJSC. | ||||||||||||||||
 14-05-2008. Petersburg Social Commercial Bank OJSC (PSCB) took part in negotiations and participated in seminars
On the photo, left to right: Ms. Anastasia Stukanova (Head of Risk Management Department, PSCB), Mrs. Ljudmila Izyumnikova (Chief Accountant, PSCB), Mr. Andrey Milyutin (Project Manager, Russia Primary Mortgage Market Development Project, IFC), Mr. Patrick Luternauer (Senior Operations Manager, Financial Markets, IFC), Mrs. Elena Klepikova (Senior Operations Manager, Housing Finance Program, Europe and Central Asia, IFC), Mrs. Nadezhda Ergunova (Head of Mortgage Lending Department, PSCB), Ms. Natalya Bruy (Head of Internal Audit and Methodology, PSCB), Mr. Mike Timmermans (Unit Manager International Organizations, EVD international business and cooperation), Mr. Nikolay Alekseev (Deputy Chairman of the Management Board, Director of International Business Development and Foreign Investments, PSCB), Mr. Alexander Afletonov (Deputy Chairman of the Management Board, PSCB), Mr. Vadim Grishin (Head of Treasury, PSCB) PSCB, OJSC acting within the frames of consultative Project “Primary Mortgage Market Development in Russia” took part in negotiations and participated in seminars carried out by IFC jointly with their financial partners - EVD International Business and Cooperation (the Netherlands) and SECO (Switzerland).Mortgage lending operations of the Bank were inspected by the Project specialists and the corresponding report was submitted to the Project Management. The Bank specialists actively participate in “SUPER” Working Group Committees (SUPER – Standards and Unification of the Primary Market). The Bank practice was taken into considerations when M_GOAL – IFC Russian Mortgage standards were developed. Following the results of cooperation within the frames of this IFC Project on May 14, 2008 PSCB, OJSC became the first Russian bank to be granted mortgage recommendation standards – Manual M_GOAL. Our Bank is also interested in attracting investments and specialized funding both from IFC and their business partners for mortgage lending development in PSCB, OJSC. | ||||||||||||||||
14-05-2008. Petersburg Social Commercial Bank OJSC (PSCB) signed the tripartite Requested Rating Agreement Petersburg Social Commercial Bank OJSC (PSCB) signed the tripartite Requested Rating Agreement with the international rating agency Moody’s Investors Service Inc. and MOODY’S Interfax Rating Agency ZAO in order to receive global and national ratings from the rating agency. Monitoring of PSCB activities performed by the rating agency will contribute to increasing transparency and openness of the Bank to foreign and Russian investors and lenders, as well as allow performing all-side analysis of the Bank’s activities. | ||||||||||||||||
25-04-2008. Petersburg Social Commercial Bank OJSC opened USD and EUR correspondent accounts with the German bank-partner LHB Internationale Handelsbank AG for financing foreign trade transactions of our clients PSCB has opened USD and EUR correspondent accounts with the German bank-partner LHB Internationale Handelsbank AG for financing foreign trade transactions of our clients. LHB Internationale Handelsbank AG was established in 1974, and its main shareholder is the Slovenian bank NLB Nova Ljubljanska banka d.d. (Ljubljana, Slovenia). Currently, LHB Internationale Handelsbank AG is focused on rendering services to the companies from Slovenia, Croatia, Macedonia, Bosnia-Herzegovina, Serbia and Montenegro doing business in Germany, as well as to the German enterprises active in these countries. As a result, PSCB has received an opportunity to provide services to our clients on short-term financing of import transactions from Germany and the South-Eastern European countries using documentary L/C (letters of credit) and bank guarantees together with LHB Internationale Handelsbank AG. | ||||||||||||||||
04-04-2008. PSCB has released an updated Presentation of Petersburg Social Commercial Bank OJSC for the foreign investors and international partners For more information, please click here… | ||||||||||||||||
 05-03-2008. Nikolay Alekseev is appointed as a Deputy Chairman of the Management Board of Petersburg Social Commercial Bank OJSC – Director of International Business Development and Foreign Investments04 March 2008. Mr. Nikolay Alekseev is appointed as a Deputy Chairman of the Management Board of Petersburg Social Commercial Bank OJSC (hereinafter – PSCB) – Director of International Business Development and Foreign Investments (this decision was agreed with the St. Petersburg General Administration of the Central Bank of Russia). This appointment is related to a high interest of PSCB’s penetration into the Russian and international capital markets (arranging and raising syndicated, subordinated and bilateral loans), as well as with the task of increasing amounts of export and import transactions and financing the Bank’s corporate clients’ projects in a close co-operation with foreign banks-partners covered by overseas Export Credit Agencies (ECA). For more information, please click here… | ||||||||||||||||
27-12-2007. General Administration of the Central bank of the Russian Federation in St. Petersburg has registered the Report on the first additional issue of ordinary shares of PSCB OJSC General Administration of the Central bank of the Russian Federation in St. Petersburg has registered the Report on the first additional issue of ordinary shares of Open Joint Stock Company Petersburg Social Commercial Bank, OJSC (hereinafter - PSCB). Issue value of the first additional issue of ordinary shares at a nominal fee is equal to RUR 221,646,000 (two hundred and twenty one million six hundred and forty six thousand). Ordinary registered uncertified shares with nominal value of RUR 2,050, quantity 108,120 pieces, placement price RUR 2,500 For more information, please click here… | ||||||||||||||||
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Fitch Ratings Revises Petersburg Social Commercial Bank to ‘CCC’ on Rating Scale Change; Outlook Stable Fitch Ratings-Moscow-18 December 2007: Fitch Ratings has today revised Russia-based Petersburg Social Commercial Bank's (PSCB) Long-term Issuer Default rating (IDR) to 'CCC' from 'CCC+', following the changes to its rating scale in 2006, and in particular the elimination of '+' (plus) and '-' (minus) suffixes from Long-term IDRs in the 'CCC' range. Fitch has affirmed PSCB’s other ratings at Short-term IDR 'C', Individual 'D/E', Support '5' National Long-term 'B(rus)' and Support Rating Floor ‘No Floor’. The Outlooks for the Long-term IDR and National Long-term rating remain Stable. | ||||||||||||||||
25-12-2007. Petersburg Social Commercial Bank, OJSC is developing co-operation with the U.S. banks-partners Petersburg Social Commercial Bank, OJSC has started financing foreign trade operations of the Bank’s clients, which import goods and equipment from the USA. For more information, please click here… | ||||||||||||||||
| 21-09-2007. New appointments in PSCB, OJSC Dear clients, please be informed that on September 20, 2007 Mrs. Natalia I.Tur earlier holding the position of the Director of Commerce, was appointed to the position of the Deputy Chairman of the Management Board of PSCB, OJSC. Mrs. Natalia I.Tur shall supervise the Department of Commerce and the Credit Department. Natalia I.Tur - Deputy Chairman of the Management Board, OAO Petersburg Social Commercial Bank Date and place of birth: December 4, 1961. Ukhta, Kalevala region, Karelian Autonomous Soviet Socialist Republic (now the Republic of Karelia) Citizenship: Russian Federation Education: higher In 1984 Natalia I.Tur graduated from the Leningrad State University named after A.A.Zhdanov. She received the qualification of a teacher of mathematics. In 1987 by the decision of the Board of the Leningrad State University she was granted the science degree of Cand. Sc. {Physics and Mathematics}. In 2000 Natalia I.Tur passed professional retraining at the International Management School LETI-Levanium of the Saint Petersburg State Electrotechnical University LETI and was granted the degree of Master of Business Administration. Work Experience:Natalia I.Tur started work in 1988 as an engineer-mathematician at the Leningrad State University named after A.A.Zhdanov. In 1990 she worked at the Academy of Sciences of USSR (branch of the machine science institute named after A.A.Blagonravov in Leningrad). Total work experience in banking is more than 5 years. She has also working experience with the auditing company PWS (1.5 years). She speaks English. Married and has got a 19-year old son. Natalia I.Tur is with PSCB, OJSC with October 3, 2006. e-mail: tni@pscb.ru | ||||||||||||||||
20-09-2007. Presentation for Investors Please click here to view the presentation... | ||||||||||||||||
14-09-2007. “RenFin Limited” – private equity fund of the company “Renaissance Investment Management” (international investment and banking group Renaissance Capital) has purchased a minority stake in Petersburg Social Commercial Bank, OJSC (PSCB) from its present shareholders As of 14 September 2007, “RenFin Limited” – private equity fund of the company “Renaissance Investment Management” (international investment and banking Group Renaissance Capital) has acquired 19.96% of voting shares of Petersburg Social Commercial Bank, OJSC, (hereinafter, PSCB) from the present shareholders of the Bank. PSCB is the first bank in Saint-Petersburg that has attracted an international portfolio investor into its equity. The Fund has got one representative in the Bank Board of Directors. As explained by Mr. Sergey Nazarov, the Manager of the Fund, participation in the equity of PSCB constitutes a very interesting acquisition of the Fund. The Bank has got a very good growth potential, based on a highly qualified team of managers and comprehensible business strategy. Closing of the deal was preceded by major efforts on execution of financial and legal analysis of the Bank and we were satisfied with its results. Transparent structure of the Bank’s owners and its informational openness are indicative of high standards of corporate governance adopted in the Bank. This factor is always of major importance for a portfolio investor when an investment decision is made. The Fund totally supports the Business Development Strategy of the Bank and will procure its realization by means of attracting long-term financing for the Bank, equity injection, development of contacts with potential investors, corporate governance quality improvement. All these steps will contribute to stable growth of PSCB, improvement of its financial stability and further development of banking products range and their sales chain. Petersburg Social Commercial Bank was registered in October 29, 1993. General License of the Central Bank of the Russian Federation ¹2551 dated May 25, 2006. Nowadays PSCB is a universal commercial Bank, rendering complete range of banking services in the currency of the Russian Federation and foreign currencies both in Saint-Petersburg, the Leningrad oblast and Moscow. As the result of participation in the IFC program ‘Russia Banking Sector Corporate Governance Project’ in June 2006, Mr. Volker Undorf, former Senior Vice-President of WestLB AG and Chairman of the Managing Board of WestLB Vostok ZAO (Moscow), became the Member of PSCB Board of Directors. In February 2007 PSCB signed a Framework Loan Agreement with its German partner AKA Export Finance Bank. Under the Agreement the Bank finances foreign trade transactions of clients importing goods and services from the Federal Republic of Germany. PSCB and AKA Export Finance Bank (a specialized German bank for export financing) jointly grants medium-term special purpose loans covered by the German Export Credit Agency Euler Hermes Kreditversicherungs-AG both in US dollars and EURO to Russian importing companies. The amount of a Loan granted under each Individual Loan Agreement shall not be less than EUR 500 000 or USD 1 000 000. Effective lending rate amounts to 8% in average. PSCB also cooperates with other foreign banks in joint financing of export-import operations and project financing of Russian companies with participation of national export credit agencies. Participation of Renfin, direct investments Fund of Renaissance Capital Group in equity of PSCB is a very significant and joyful event for our Bank as Renaissance Capital Group is a well-known first-class investor into the Russian banking sector and international financial markets. The Business Development Strategy of PSCB for 2007-2009 approved on the meeting of the Board of Directors in August 10, 2007 envisages strengthening of the Bank positions in the financial services market of North-West Federal district of the Russian Federation, further increase of market share, especially in Saint-Petersburg and Leningrad oblast (joining the list of top 10 banks of North-West Federal District of the RF by the end of 2009 in terms of net assets volume). Participation of Renaissance Capital Group in PSCB equity will enable the Bank to develop successful partnership with foreign banks in the field of joint financing of special purpose programs and the Bank clients, as well as participate in specialized programs of international financial organizations in the territory of Russia. Intending to realize Business Development Strategy for 2007-2009 PSCB also negotiates with other foreign investors and creditors for the purpose of providing debt and equity financing. As of June 1, 2007 the bank held the 263 position in terms of net assets volume in the rating of Russian Banks and the 13th place in St. Petersburg (according to the data provided by The Largest Banks Catalogue Allbanks.ru (www.allbanks.ru) and informational portal Banki.ru (www.banki.ru). PSCB has 6 branch offices in St. Petersburg and the number of its private clients reaches 82 415 and corporate customers - 9 535. ZAO Pricewaterhouse Coopers is the official auditor of PSCB accounting according to the Russian accounting standards and International Financial Reporting Standards. PSCB participates in two international programs of the International Finance Corporation (IFC), the World Bank Group:
Nikolay Alekseev Member of the Management Board, Director of International Business Development Corporate Secretary Petersburg Social Commercial Bank, OJSC Tel/Fax: +7 (812) 332 3174 Tel: +7 (812) 275 9950 ext. 2159 Mobile: +7 (812) 716 3841 E-mail: nalekseev@pscb.ru www.pscb.ru | ||||||||||||||||
25-05-2007. ZAO PricewaterhouseCoopers Audit has audited and confirmed Financial Statements of Petersburg Social Commercial Bank for 2006 ZAO PricewaterhouseCoopers Audit - Russianpractice of PricewaterhouseCoopers (PwC) has audited and confirmed Financial Statements of Petersburg Social Commercial Bank for 2006. Please click here to view the Financial Statements and Auditor's Report of Petersburg Social Commercial Bank for 2006... | ||||||||||||||||
 22-05-2007. New appointment in OAO Petersburg Social Commercial Bank (OAO PSCB)Nikolay Alekseev, Director of International Business, is appointed on the position of a Member of the Management Board of OAO PSCB in consultation with the Main Administration of the Central Bank of the Russian Federation in Saint-Petersburg. Nikolay Alekseev was born in Kazakhstan in 1981. He graduated Saint-Petersburg State University, the speciality - International Economics, nowadays he is a post-graduate student of Saint-Petersburg State University. He worked in Deloitte Touche Consulting Services Limited Moscow representative office. He occupies the position of Director of International Business in OAO PSCB from 2006 and he is also a member of Financial Credit Committee of the Bank. Mr. Alekseev is responsible for co-operation with international financial institutions and organizations and financing of export-import transactions (trade finance). He speaks English, German, Kazakh and Chinese. The appointment concerns to the PSCB's integration in the world finance system and development of international financial operations. International Department of OAO PSCB, tel./fax: +7(812)332-31-74, e-mail: investor@pscb.ru, www.pscb.ru | ||||||||||||||||
15-05-2007. OAO PSCB has begun to issue its own cards VISA Gold , VISA Classic ¨ VISA Electron Dear clients, We inform you that OAO Petersburg Social Commercial Bank has started issuing of its own VISA Gold , VISA Classic and VISA Electron cards . Please be informed about the Tariffs on the web-site: www.pscb.ru or by tel.: +7 (812) 703 7331. Director of Retail Business - Egor Zegrya, Head of Card Division - Dmitry Miloradov. You can apply for a card to the PSCB's offices in Saint Petersburg and Moscow. Card balance can be increased in cash by payment terminals "KASSIRA.NET" (The addresses of cash-in terminals you can see on the web-site: www.kassira.net), in the Bank's offices or by the money transfers (including salary pay-offs). Dmitry Miloradov Head of Card Division Petersburg Social Commercial Bank, JSC tel. +7-812-703-73-31 (ext.12-88) fax +7-812-579-04-60 | ||||||||||||||||
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25-01-2007. Meetings of OAO Petersburg Social Commercial Bank with partner banks and German producers in Frankfurt am Main on February, 06-07 On February 06-07 the delegation of OAO PSCB including Mr. Vladimir L. Pribytkin, the Chairman of the Board of Directors, Mr. Volker Undorf, Member of the Supervisory Board of OAO PSCB, and Mr. Nikolay Alekseev, Director of International Business Development will discuss the conditions of German institutional investors participating in the share capital of OAO PSCB. The delegation of our Bank will hold the systematic meetings with German banks with the purpose of usage of additional foreign credit lines to finance external economic and project activity of Russian enterprises. Moreover, some meetings will be conducted with German producers about the current affairs of Russian clients of the Bank. | ||||||||||||||||
18-01-2007. General Financial Results of OAO Petersburg Social Commercial Bank for 2006. OAO Petersburg Social Commercial Bank publishes preliminary financial results for 2006 in compliance with the Russian Accounting Standards. General financial results of OAO Petersburg Social Commercial Bank for 2006 calculated in the reporting currency (Russian Rubles, RUR) and converted to US Dollars, USD (according to the exchange rate of the Central Bank of the Russian Federation set at the 31 December 2006 = 26.3311 RUR/USD) have been increased as follows:
Please be informed that OAO Petersburg Social Commercial Bank shall issue the Bank’s financial statements and general financial results in compliance with the IFRS as well. Audited financial statements of OAO Petersburg Social Commercial Bank according to the RAS and the IFRS will be issued upon obtaining our Auditor’s Report. ZAO PricewaterhouseCoopers Audit, Russian Practice of PwC, is an official auditor of OAO Petersburg Social Commercial Bank. | ||||||||||||||||
19-12-2006. Export-import financing program OAO PSCB with german and austrian companies Dear clients of OAO PSCB In the context of export-import financing program OAO PSCB collaborates with foreign companies which deliver goods and services to Russian buyers and also with foreign companies which run their business on the territory of the Russian Federation via their subsidiaries and representative offices. more about... | ||||||||||||||||
11-12-2006. The appointment of the Bank’s Corporate Secretary The Board of Directors of OAO “PSCB” has appointed Mr. Nikolay A. Alekseev, Director of International Business, (tel./fax: (812) 332-31-74, mob.: (812) 716-38-41, e-mail: nalekseev@pscb.ru) on the position of the Bank’s Corporate Secretary. A Bank’s Corporate Secretary acts on the basis of Articles of Incorporation which was worked out according to recommendations of International Finance Corporation (IFC) with the purpose of more effective cooperation of the Executive Board with the stockholders, the Board of Directors and investors of OAO “PSCB”. (OAO “PSCB” participates in the IFC project named “Corporate governance in the banks of Russia”). Nikolay Alekseev speaks the English, Deutsch, Chinese and Kazakh languages. He is a member of Financial Credit Committee of the Bank and a member of Executive Board Contender . He is responsible for trade finance, issuing of international letters of credit and guarantees, financing of Russian enterprises which acquire machinery and equipment in the countries of European Union, the USA and Canada, servicing of foreign companies and natural persons in OAO “PSCB”. The present appointment will promote the introduction of corporate governance in PSCB according to the international standards. The pecularity of PSCB is that Volker Undorf, the famous banker of Germany who headed in Russia WestLV Vostok ZAO (Moscow), is elected as an independent director in the Board of Directors. | ||||||||||||||||
25-10-2006. Financing of russian enterprises which acquire machinery and equipment in the countries of European Union, USA and Canada Our bank continues to develop international activity. Among banking services directed to medium and big sized enterprises development we would like to offer you the services of financing of russian enterprises which acquire machinery and equipment in the countries of European Union, USA and Canada. Maxim Fink, Deputy Director of International Business, will tell you about the advanteges and principles of such kind of crediting. more about... | ||||||||||||||||
20-10-2006. Meetings in Dusseldorf and Hannover (Germany). The representatives of OAO Petersburg Social Commercial Bank (OAO PSCB): Mr. Vladimir Pribytkin, Chairman of the Supervisory Board, Mr. Sergey Kopytov, Chairman of the Executive Board and Nikolay Alekseev, Director of International Business Development, will hold business meetings in Dusseldorf (Germany) on November 26-27, and in Hannover (Germany) on on November 29-30. They will be glad to meet your representatives and discuss possible cooperation between your company and OAO PSCB in Germany. Please do not hesitate to contact the following representatives of OAO Petersburg Social Commercial Bank to organize the meeting in Dusseldorf or Hannover (Germany) regarding our possible international cooperation:
Director of International Business Development Tel./Fax: +7 (812) 332-31-74 ext. 2159, Mobile: +7 (812)716-38-41 E-mail: nalekseev@pscb.ru | ||||||||||||||||
10-08-2006 Volker Undorf, member of the Supervisory Board of OAO PSCB, informs that Representative Office of OOO Undorf Consulting was opened in Dusseldorf (Federal Republic of Germany). Dear clients and partners of OAO PSCB, Volker Undorf, member of the Supervisory Board of OAO PSCB and Chairman of OOO Undorf Consulting, has informed the shareholders, Supervisory Board, Executive Board and our business partners, that OOO Undorf Consulting opened a Representative Office in Dusseldorf (Germany). Successful cooperation between OAO PSCB and OOO Undorf Consulting, opening a Representative Office in Germany, as well as long-term work experience of Mr. Undorf in the German banks and international companies, will contribute considerably to establishing and developing business relations between corporate and private customers of OAO PSCB and German companies, as well as provides the German enterprises with greater opportunities to enter the Russian market. Contact details of OOO Undorf Consulting and its Representative Office are stated below:
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04-08-2006. August 2, 2006. St.Petersburg Main Administration of the Central Bank of the Russian Federation registered a REPORT on the results of the Bank’s shares issue, with an increased nominal value.
Amendments to the Bank’s Charter, regarding the new size of the charter capital, are currently considered for registration in the St.Petersburg Main Administration of the Central Bank of the Russian Federation. | ||||||||||||||||
07-07-2006. Some amendments to the development strategy Supervisory Board of OAO PSCB considered some amendments to the development strategy on the meeting of June 29, 2006. Search of strategic international partner for development and restructuring our Bank’s business in conjunction with effective implementation of the partner’s business interests in the territory of the Russian Federation has been highlighted as the general strategic task of OAO PSCB. This task includes two major directions, as follows: granting entire range of banking services to corporate clients and long-term lending of our Bank’s clients. | ||||||||||||||||
06-07-2006. New bulletin of finance ³1 Today OAO PSCB has issued the Finance Bulletin ³1. You can get a printed version of the Finance Bulletin ³1 in the offices of OAO PSCB (including Moscow branch and all additional offices) at the nearest time, or download an electronic version download here... | ||||||||||||||||
 23-06-2006. Volker Undorf is elected as a new member of Board of directors of Open Society «Petersburg Social Commercial Bank¿
The shareholders of OAO «Petersburg Social Commercial Bank¿ (further – OAO «PSCB¿ or the Bank), have approved Mr. Volker Undorf (Volker Undorf) as an independent director in the Board of directors of OAO «PSCB¿ (independent directors are stipulated in a new wording of the Charter of OAO «PSCB¿ developed according to the recommendations of the International financial corporation) at the extraordinary general meeting of the shareholders which took place on Friday, on June, 23, 2006. more about... | ||||||||||||||||
01-06-2006. Amendments in the Charter Documents of Petersburg Social Commercial Bank Following the essence of the IFC’s recommendations the Charter Documents and Regulations of PSCB are adjusted in compliance with the international practice of corporate governance. At the Annual General Shareholders Meeting held in March 2006 it was decided to modify the type of organizational and legal form of PSCB by changing it from ZAO (Closed Joint-Stock Company) to OAO (Open Joint-Stock Company) due to the planned issue of IPO in 2008-2009. The Bank’s new name is: Otkrytoe Akzionernoe Obschestvo ‘Petersburg Social Commercial Bank’ (Open Joint-Stock Society) and the short Bank’s name is: OAO PSCB. OAO PSCB has already obtained the General License ³ 2551 of the Central Bank of the Russian Federation of May 25, 2006, which stipulates the Bank’s new name. Vladimir L. Pribytkin, Chairman of the Supervisory Board of OAO PSCB has presented his vision in interview given to ‘Interfax. The Information Agency’ on the threshold of the Bank’s name modification and within the framework of PSCB’s further strategic development. Please see full text of the interview to ‘Interfax. The Information Agency’ here... | ||||||||||||||||
01-06-2006. USA Patriot Act Compliance and Anti-Money Laundering Policy of Petersburg Social Commercial Bank more about... Documentation of PSCB on Anti-Money Laundering: USA Patriot Act (H.R. 3162 – ‘Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001’) can be found here... | ||||||||||||||||
01-06-2006. Representatives of Petersburg Social Commercial Bank will take part in the XV-th International Banking Congress that will be held in St. Petersburg, June 7-10, 2006 The XV-th International Banking Congress will be held in the Hotel ‘Pribaltiyskaya’ at the following address: 14 Korablestroiteley Street, St. Petersburg. We would appreciate to meet representatives of our partners during the work of the XV-th International Banking Congress in St. Petersburg. Please don’t hesitate to contact the following PSCB’s representatives in charge for appointing business meetings with our partners:
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29-05-2006. Petersburg Social Commercial Bank (PSCB) is on the path of integration to the global financial system. Interview with Vladimir Pribytkin, Chairman of the Board of Directors of Petersburg Social Commercial Bank given to the Magazine ‘Leningrad Oblastj: Economy and Investments’ more about... | ||||||||||||||||
27-04-2006. Interview with Vladimir Pribytkin, Chairman of the Board of Directors of ZAO Petersburg Social Commercial Bank given to the Agency of Economic Information ‘PRIME-TASS North-West’ more about... | ||||||||||||||||
27-04-2006. Bank's ratings from Fitch Ratings Assignment of the ratings and continuous monitoring over PSCB’s activities performed by Fitch Ratings will facilitate the Bank’s image improvement and allow to enter the international financial market, as well as to attract foreign investments. | ||||||||||||||||
22-03-2006. The International Conference "Trade & Project Finance in Russia" Please contact the following persons in charge for appointing business meetings: Mr. Nikolay Alekseev, Director of Investor Relations, Tel: +7 812 275 9950, +7 812 703 7330 ext. 2159, e-mail: NAA@pskb.spb.ru | ||||||||||||||||
16-03-2006. Appointing Business Meetings with Partners in the USA will participate in the International Conference "Investment Opportunities in the Banking Sector of Russia and the CIS Countries" held in New York, USA on April 04-08, 2006. During their stay in New York and Los Angeles, some business meetings will be held with clients and partners, collaborating with ZAO PSCB. The meetings will be held within April 04-07, 2006 in New York and during April 09-11, 2006 in Los Angeles. We would appreciate your efforts to appoint business meetings with your partners in order to increase the volume of banking transactions of the bank itself and of our clients in the USA. Please contact the following persons in charge for appointing business meetings:
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10-03-2006. Annual general shareholders meeting of ZAO Petersburg Social Commercial Bank (ZAO PSCB) General shareholders meeting made a decision not to pay dividends for shares as result of the year 2005, and to consider net profit as the amount of retained profit of the previous years. Board of Directors of ZAO PSCB was elected and consists of the following five members: Vladimir L. Pribytkin, Konstantin Yu. Muzyka, Sergey Yu. Kopytov, Dmitry N. Muzyka and Alexander V. Sheyin. ZAO PricewaterhouseCoopers Audit was approved as an auditor of ZAO PSCB for 2006. It was decided to modify the type of organizational and legal form of ZAO PSCB by changing it from ZAO (Closed Joint-Stock Company) to OAO (Open Joint-Stock Company) due to the planned issue of IPO in 2008-2009. New editions of the following documents of ZAO PSCB were approved during the Meeting:
Moreover, the following Committees have been established in compliance with the IFC recommendations on the Meeting of the Board of Directors, which was held after the general shareholders meeting:
Galina V. Granina, Head of the Legal Department was assigned as a Corporate Secretary of the Bank. The decisions made allow us to improve the Bank's management quality and to increase transparency of its activities and attractiveness for the clients and investors. Further advance of ZAO PSCB to the international standards on corporate governance is accomplished on the threshold of obtaining a rating from the Fitch agency on the basis of rating agreement between Fitch and ZAO PSCB, as well as for the purposes of attracting subordinated and syndicated loans from the international financial institutions in order to credit small and middle enterprises (SME) and mortgage programs of the Bank. General financial indicators of ZAO "PSCB" for 2005:
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17-02-2006. ZAO "Petersburg Social Commercial Bank" Collaborates on Mortgage with the International Finance Corporation | ||||||||||||||||
23-01-2006. ZAO "PSCB" is a participant of the International Finance Corporation project Currently ZAO "PSCB" brings the Charter and internal documents of the Bank in compliance with the best international business practice as recommended by the IFC experts in the field of corporate governance. This allows improving quality of the Bank management, increasing efficiency of its operation as well as transparency of the Bank activities for the clients and investors. | ||||||||||||||||
16-01-2006. Agreement with the Fitch Raiting LTD Agency Management of ZAO "Petersburg Social Commercial Bank" informs you that the Bank concluded a rating agreement with the Fitch Raiting LTD agency. Under the agreement, the Bank requests International and National ratings for ZAO "PSCB" and the forthcoming issues of the Bank's securities from the Fitch agency. Assignment of the ratings shall strengthen the Bank's image as a reliable and "transparent" financial institution. | ||||||||||||||||
11-01-2006. New correspondent account for currency transactions in USD and EUR Please be informed, that we have opened new correspondent account for currency transactions in USD and EUR in Commerzbank AG (Frankfurt-am-Main, Germany), swift COBADEFF. You can find additional information about the banks-correspondents here: | ||||||||||||||||
25-10-2004. A new Service for the clients ZAO "Petersburg Social Commercial Bank" as a partner bank of the program of mortgage housing crediting for physical persons prepared together with OAO "Saint-Petersburg Mortgage Agency" within the framework of the federal mortgage crediting programme has started crediting physical persons for habitation purchase. The offer is effective from October 25, 2004. | ||||||||||||||||
20-10-2004. In order to improve the quality of servicing the clients located in Petrogradsky and northern districts of St. Petersburg ZAO "PSCB" has started the construction of a multifunctional additional office "Severny" at the address: 76 Bolshoy Sampsonievsky Prospect, St. Petersburg. The starting date of clients servicing is March 15, 2005. | ||||||||||||||||
20-10-2004. ZAO "PSCB" purchases the bills of exchange of OAO "Vneshtorgbank", OAO "Industrial and Construction Bank", OAO "Sberbank RF" in the secondary market with the time of redemption up to 1 year.Address your questions on the sale of the bills of exchange:
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19-10-2004. Beginning from October 25, 2004 the mini-additional office "Gavansky" starts carrying out currency transactions and currency control functions. Please address all your questions to the director of the additional office "Gavansky" Shmelev Andrey Olegovich by tel. (812) 322-68-97 | ||||||||||||||||
18-10-2004. A new service ZAO "PSCB" offers services in providing international bank guarantees and guarantees as the security of paying customs payments. For more detailed information apply:
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13-10-2004. New job opportunities in the Bank Due to the expansion of its operations ZAO "PSCB" offers jobs in the head office and the additional offices (branches) of the Bank to:
Please e-mail your resumes to: bgf@pskb.spb.ru or send them by fax: (812) 332-26-26 for Bagrova Galina Fedorovna. | ||||||||||||||||
06-10-2004. ZAO "PSCB" started working with ZAO "European Trust Bank" ZAO "PSCB" started working with ZAO "European Trust Bank" in performing transfers without opening bank accounts between physical persons via the system MIGOM. Money transfers MIGOMR - mean
For more detailed information you are referred to Vinogradova Nina Yurievna, tel. (812) 103-73-31 | ||||||||||||||||
02-09-2004. Insurance of exchange currency risks September 1, 2004 ZAO "PSCB" provides services in hedging (insurance) the exchange currency risks to the Bank's clients. Futures contracts (futures) concluded at the St. Petersburg Currency Exchange are the instruments of hedging. For more detailed information apply:
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01-09-2004. Currency transactions commission has been changed Payment for performing functions of the currency control agent:
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01-09-2004. "Internet-Bank" + Visa Electron or Maestro card free of charge When joining a physical person's bank account to the system "Internet-Bank" a Visa Electron or Maestro plastic card is given free of charge for the term of one year. This offer is valid until 01.01.2005. The offer takes effect in 5 days after the publication, i.e. 06/09/04. | ||||||||||||||||
01-09-2004. "Internet-Bank". Change of the commission rate For transferring salaries and wages to the demand deposits of physical persons who are joined to the system "Internet-Bank" the commission equal to 0.4% of the transferred amount will be deducted. During the introduction of salary project the persons who join "Internet Bank" are given a Visa Electron or Maestro plastic card free of charge for the term of one year. The offer takes effect 06/09/04. |
