Issuer profile: OJSC Promsvyazbank Moscow, founded in 1995, is one of the leading privately-owned Russian banks, with total assets of RUB293 billion, and total capital of RUB36 billion under IFRS as of 31 December 2007. Holding company Promsvyaz Capital B. V. owns 84.68% of the Bank, the remaining 15.32% are owned by Commerzbank Auslandsbanken Holding AG, a subsidiary of second-largest German bank Commerzbank AG. The Bank has received the following ratings from international rating agencies: “Ba3” from Moody’s Investors Service; “B+” from Standard & Poor's; “B+” from Fitch Ratings (all ratings carry positive outlooks). As of 31 March 2008, the regional network of the Bank encompassed more than 120 sub-branches in Moscow and other Russian regions; 43 branches and 4 representative offices in a number of large Russian cities; a foreign branch in Cyprus; and foreign representative offices in Kyrgyz Republic, Ukraine, China, and India.
Outstanding issues:
6 issue(s) outstanding worth USD 920 000 000
2 issue(s) outstanding worth RUR 9 500 000 000
Issuer's rating:
| Standard&Poor's |
BB-/Negative |
Int. Scale (foreign curr.) |
10/10/2008 |
| Standard&Poor's |
BB-/Negative |
Int. Scale (loc. curr.) |
10/10/2008 |
| Moody's |
Ba2/Stable |
Int. Scale (foreign curr) |
05/13/2008 |
| Moody's |
Ba2/Stable |
Int. Scale (loc. curr.) |
05/13/2008 |
| Fitch Ratings |
B+/Stable |
Int. Scale (foreign curr.) |
10/01/2008 |
| National Rating Agency |
AA+ |
National scale (Russia) |
11/18/2008 |
| Rus-Rating |
BBB-/Stable |
National scale (Russia) |
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