Promsvyazbank

Promsvyazbank PJSC (PSB; Russian: ПАО "Промсвязьбанк") is a state-owned, formerly private Russian bank from Moscow. It was owned by oligarchs Dmitry Ananyev and his brother Alexei Ananyev. As of 2012, it was the 10th-largest bank in Russia by assets.

The bank was established in May 1995 by the Ananyev brothers, the owners of Technoserv, the largest systems integrator in the CIS. Its first customers were major telecom companies such as Rostelecom. Between 2006 and 2012, a 15.32% stake was owned by Commerzbank. In February 2010, an 11.75% stake was acquired by the EBRD.

By February 2016, the bank provided services to more than 100,000 corporate and over 2 million private customers. In 2018, the Russian government nationalized the bank, and prosecuted its former owners; Interpol found the prosecution to be politically motivated. Promsvayzbank was officially designated as a supporting bank of the Russian defense sector.

In response to the prelude to the Russian invasion of Ukraine, specifically the recognition of the Luhansk People's Republic and Donetsk People's Republic as independent from Ukraine by Russian president Vladimir Putin on February 21, 2022, Promsvyazbank has been the target of sanctions from multiple countries including Canada, the United Kingdom, and the United States. In 2024, the head of the Moldovan Police, Viorel Cernăuțeanu, stated that Promsvyazbank was involved in a vote buying scheme in Moldova.

Promsvyazbank was founded in 1995 in Moscow by brothers Aleksey Ananyev [ru] and Dmitry Ananyev. Initially engaged in services of telecommunication companies, it later began to develop as a universal bank. By the mid-2000s, it entered the top-20 Russian banks.

In the period from 2004 to 2007, the total capital of the bank increased sixfold – from 6 to 36.3 billion rubles, assets – from 41.9 billion to 293.2 billion rubles. Offices of Promsvyazbank appeared in 90 settlements of Russia.

In 2014, the Bank of Russia recognized Promsvyazbank as one of the three systemically important banks.

From 2006 to 2012, one of the PSB shareholders was the top German Commerzbank, with a 15.32% share. In 2012, Commerzbank had to withdraw as a shareholder, however, and sell its shares to the founders. In 2010, the European Bank for Reconstruction and Development became a shareholder, buying 11.75% of the shares.