Promsvyazbank is a privately-owned universal commercial bank with $15 bln in assets, placing it among the top 10 in Russia. It has a branch network of 245 outlets, 1,200 ATMs, a branch and retail office in Cyprus, and representative offices in China, India and Ukraine. Promsvyazbank’s main focus is corporate clients (82% of loans), mainly mid-sized companies with annual sales below $1 bln. The bank has a strong factoring franchise and is the largest factoring lender in Russia, with a 27% market share.

Promsvyazbank’s main shareholders are Alexei and Dmitri Ananiev (73%). Commerzbank Auslandsbanken Holding AG, a subsidiary of Germany’s Commerzbank, has been a minority shareholder of the bank with a 15% equity stake since 2006.