Petersburg Social Commercial Bank - PSKB

The open joint-stock company Petersburg Social Commercial Bank was registered by the Central Bank of the Russian Federation on October 29, 1993. General License of the Bank of Russia No. 2551 dated 25.05.2006.

Territorial institution of the Bank of Russia, which oversees the activities of PSKB OJSC in St. Petersburg: Main Directorate of the Central Bank of the Russian Federation for St. Petersburg 191038, St. Petersburg, p. Fontanka, 70-72. Ph.: +7 (812) 320-3647.

Territorial institution of the Bank of Russia, which oversees the activities of the Moscow branch of PSKB OJSC in Moscow: Branch No. 2 of the Moscow GTU of the Bank of Russia 129110, Moscow, Mira Avenue, 84. ph.: +7 (495) 684-43-76, +7 (495) 681-61-17.

PSKB OJSC has been a member of the deposit insurance system since 2004 (the bank's register number is 177, the date of entry of the bank into the register of CER participating banks is November 18, 2004). The official auditor of PSKB OJSC under IFRS and RAS since 2012 is Ernst & Young LLC (Russian practice Ernst & Young).

Activity indicators

2013

The Bank managed to earn net profit under IFRS for 2013 in the amount of 389 million rubles, which is 7 million rubles more than the profit received for 2012 (382 million rubles). Accordingly, profit before tax for 2013 amounted to 500 million rubles (2012:483 million rubles, an increase of 17 million rubles). The Bank's assets amounted to RUB 17,025 mln as of December 31, 2013. The equity of PSKB OJSC according to IFRS as of December 31, 2013 increased to RUB 2,160 mln, i.e. by 10% compared to the Bank's equity of RUB 1,964 mln as of December 31, 2012.

The volume of loans and advances to clients net of provision for impairment as of December 31, 2013 amounted to RUB 7,470 mln, an increase of RUB 141 mln or 1.9% compared to December 31, 2012. The amount of funds in other banks and other financial institutions as of December 31, 2013 amounted to RUB 1,057 million.

2014

Net profit IFRS for the 2014 year amounted to 474.5 million, rubles which is 85.6 million rubles more than the profit received in 2013. The bank's IFRS assets amounted to RUB 16,338 million as at 31 December 2014. Equity capital of PSKB Bank JSC according to IFRS as of December 31, 2014 increased to RUB 2,309,5 million. Net loan debt as of December 31, 2014 under IFRS amounted to RUB 6,567,2 million.

On March 20, 2015, the International Rating Agency Moody's Investor Service confirmed the global and national ratings of PSKB Bank JSC at the level of B2/NP/Baa1.ru, the forecast for all ratings is stable. The long-term cooperation of PSKB Bank JSC with the international rating agency Moody's Investor Service contributes to the bank's successful work on international financial ranks and the implementation of trade financing in the interests of Russian and foreign clients.