Petersburg Social Commercial Bank
|Address of head office||25 Tsvetochnaya Street, St. Petersburg, 196006, Russia|
About the bank: PSCB, OJSC at a glance
Petersburg Social Commercial Bank, Open Joint Stock Company (hereinafter, PSCB, OJSC) is Russia-based universal commercial bank registered on October 29, 1993 in St. Petersburg.
General License of the Central Bank of the Russian Federation №2551 dated May 25, 2006. PSCB, OJSC has been a participant of the Deposits Insurance System since 18th November 2004. To read more about the Deposit Insurance System and the State Corporation Deposit Insurance Agency.
PSCB, OJSC carries out the whole range of banking transactions in Russian Rubles (RUB) and foreign currency in St. Petersburg, Moscow and Gatchina, and focuses on the following 3 principal business lines:
Corporate and Retail Cash Management
SME Lending and Working Capital Financing for Trade Enterprises
Corporate Lending and Global Trade Finance
PSCB-Bank’s Total Assets per the IFRS for the FY-ended December 31, 2009 amounted RUB 8,447 Mln (USD 282 Mln).
Our Bank’s Equity as at 31 December 2009 increased by 13% and totaled RUB 1,370 Mln (USD 45 Mln) in comparison with FY-ended 31 December 2008.
PSCB-Bank’s Net Profit for 2009, calculated in accordance with the IFRS, has increased by 162% and totaled RUB 255 Mln (USD 8.5 Mln) in comparison with the Net Profit = RUB 97 Mln derived in 2008.
PSCB, OJSC has 5 branches in total: the headquarters and 2 branches are located in the historical center of St. Petersburg, 1 full-service branch is situated in Moscow, and 1 office – in Gatchina (Leningrad Region).
The Bank renders services to over 13,500 corporate and SME-customers, and around 73,000 retail customers.
Our bank employs over 300 staff members.
Fitch Ratings Ltd. rates PSCB, OJSC with ‘B-‘ having ‘Stable’ Outlook (affirmed last on July 09, 2010). The National long-term rating of PSCB, OJSC was upgraded from "BB-(rus)" to "BB(rus)".
Moody's Investors Service affirmed ‘B3’ Long-term foreign and local currency deposit rating with a ‘Stable’ Outlook in its Credit Opinion released on October 19, 2010.
We at PSCB believe that this co-operation with the leading U.S. financial institutions provides us with an excellent opportunity to work with such reputable international financial institutions as WorldBusiness Capital, Inc., OPIC and FSVC. We also look at this as an opportunity to improve the Bank’s overall efficiency and chance to develop SME-lending business with the support of the leading U.S. financial institutions’ expertise and technical advice from the U.S.A.
Сurrent bank rate.