What Promsvyazbank does

Promsvyazbank (PAO Bank PSB / ПАО «Банк ПСБ») is a Russian state-owned universal bank founded in 2001, headquartered in Moscow, and operating as a public joint stock company under ticker PSB. It holds Bank of Russia Universal Banking License No. 3251 (issued April 1, 2025) covering ruble/foreign currency and precious metals operations. PSB claims to be the only bank represented in all regions of the Russian Federation, with a confirmed branch network spanning Moscow, Saint Petersburg, Vladimir, Vladivostok, Ekaterinburg, Kazan, Nizhny Novgorod, Novosibirsk, Omsk, Yaroslavl, and Baikonur. The bank is subject to international sanctions, which it states do not materially affect domestic operations.

The bank serves retail customers, small/medium businesses, large corporations, interbank clients, and high-net-worth individuals through an omnichannel platform: physical branches and ATMs, PSB Online internet banking (ib.psbank.ru / ib2.psbank.ru), PSB Mobile app (Android and iOS), PSB Business (business.psbank.ru), PSB Corporate (corporate.psbank.ru), and PSB On-Line (online.payment.ru). Core products include consumer loans (up to 5M RUB), mortgages (from 25.70% on secondary housing), auto loans, credit/debit cards (with up to 25% cashback), deposits (including yuan-denominated), savings accounts (up to 14% APR), brokerage and mutual funds, precious metal accounts (gold/silver/platinum/palladium), insurance, legal assistance, and property valuation. Specialized offerings include the госооборонзаказ state defense procurement banking franchise, military personnel products (family military mortgage up to 4.74M RUB at 6% with state support), and Digital ID 'SVOi' for combat veterans.

PSB's revenue model combines retail banking interest margins and card fees, corporate transaction fees and lending, investment/brokerage commissions, currency exchange (including 0.3% international payment commission), insurance/bancassurance, and precious metals trading. The bank operates an ecosystem of sub-brands — Orange Premium Club, Private Banking, PSB Investments, PSB Детям, PSB Маркет, Токеон (financing platform), PSB Финанс (consumer lending), and Zamok (mortgage aggregator). PSB participates in the Industry Competence Center 'Finance' (ИЦК 'Финансы') testing domestic banking infrastructure with Russian technology providers (YADRO, T1, SKALA-R, SberTech, Diasoft, CFT), and reports that over 85% of its electronic equipment procurement is domestic. The bank has transitioned to Russian security certificates and supports the MIR payment system, MirPay, SBP, UnionPay, and limited Apple/Samsung Pay on Mir cards in response to sanctions-related restrictions.

Name

Promsvyazbank

Legal name

ПАО «Банк ПСБ»

Website

https://psbank.ru

Company type

Public

Founded year

2001

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Universal Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021), State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Universal banking services
• Corporate lending
• Mortgage financing
• Investment brokerage
• Defense sector banking

Headquarters

HQ city

Moscow

HQ country

Russia

HQ region

Europe

Offices11 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Retail Banking Services: Consumer loans, mortgages, credit cards, debit cards, deposits, and savings accounts for individuals. Revenue generated through interest margins, card fees, and service charges.
2. Corporate and Business Banking: Business accounts, corporate lending, cash management, and trade finance for small, medium, and large enterprises including government defense contracts.
3. Investment Services: Brokerage services, investment accounts (ISII), mutual funds, and wealth management including private banking for high-net-worth clients.
4. Currency Exchange and International Payments: Currency exchange services, international payment processing with 0.3% commission for cross-border transactions.
5. Insurance and Additional Services: Bancassurance products, legal assistance services, property valuation, and other value-added services.
6. Precious Metals Trading: Metal accounts for gold, silver, platinum, and palladium with real-time pricing and no storage fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels7 records

Core offering

Promsvyazbank (PSB) is a Russian universal bank offering a full suite of financial products to retail customers, small/medium businesses, large corporations, and state defense sector clients. Core services include consumer loans, mortgages, deposits, debit/credit cards, brokerage and investment products, precious metals accounts, currency exchange, and international payments. The bank operates digital banking platforms (internet bank, mobile app, business banking) and an extensive branch network across all Russian regions.

Product overview

Promsvyazbank (ПСБ) is a universal Russian bank offering a comprehensive digital banking platform with multiple delivery channels (internet banking, mobile app, business banking) and a diverse portfolio of financial products. The core digital infrastructure includes PSB Online for individuals, PSB Mobile App, PSB Business for corporates, and PSB Corporate for large clients. The product portfolio encompasses consumer lending (personal loans, mortgages, auto loans, credit cards), deposit and savings products (including yuan-denominated deposits), investment services (brokerage, mutual funds, metal accounts), insurance products, and premium banking services (Orange Premium Club, Private Banking). The bank also serves specialized segments including military personnel, state defense procurement, small and medium businesses, and interbank services. Additional offerings include non-banking ecosystem services like the Tokeon financing platform, PSB Market marketplace, and property valuation services.

Differentiator

Problem solved

Functional benefit

Brands

• Orange Premium Club: Premium banking service with cashback benefits at cafes and restaurants, taxi compensation, business lounge access.
• Private Banking
• ПСБ Инвестиции
• ПСБ Детям
• ПСБ Бизнес
• PSB On-Line
• ПСБ ОнЛайн
• ПСБ Маркет
• ПСБ Финанс
• Токеон

Products and services

• PSB Online Internet Banking Internet banking platform for individuals enabling account management, transfers, payments, card operations, and financial transactions.
• PSB Mobile Application Mobile banking application for Android and iOS providing full banking functionality including transfers, payments, account opening, and card ordering with delivery.
• PSB Business Internet Banking Internet banking platform for legal entities and entrepreneurs enabling corporate finance management including account management and payment capabilities.
• Debit Card 'Your Cashback' (Твой кешбэк) Debit card offering up to 25% cashback on all purchases for new clients and up to 6% monthly in favorite categories, free issuance and maintenance, cash withdrawal up to 600,000 rubles monthly without commission.
• Consumer Loans (Потребительские кредиты) Personal loans up to 5 million rubles with terms up to 84 months for individual borrowers.
• Mortgage Loans (Ипотека) Real estate financing products including secondary housing (rate from 25.70%), new construction, family military mortgage (up to 4.74 million rubles at 6% with state support), and government-supported programs.
• Deposits (Вклады) Deposit products including the 'Сильная ставка' (Strong Rate) deposit at 13.7% annual for amounts from 100,000 to 20 million rubles, terms 3-24 months, plus yuan-denominated deposits.
• Savings Account 'Accent on Percent' (Акцент на процент) Savings account offering up to 14% annual interest for card purchases.
• PSB Investments / Brokerage Services Brokerage services, investment accounts (IIS), mutual funds, exchange-traded funds, and the PSB Investments mobile application with commission from 0.024% per trade.
• Precious Metals Accounts (Металлические счета) Accounts for purchasing and storing gold, silver, platinum, and palladium without physical delivery, minimum purchase 0.1g for gold/platinum/palladium and 1g for silver, no VAT, no storage fees.
• Credit Cards (Кредитные карты) Credit card products including 180 days without interest promotions for retail customers.
• Currency Exchange (Обмен валюты) Currency exchange services for USD, EUR, CNY, AED, TRY with no commission for exchange operations and discounts up to 10% for regular clients, 15% for salary clients, 40% for Orange Premium Club members.
• Insurance Products (Страхование) Insurance products including OSAGO compulsory auto insurance and other insurance service products offered to retail customers.
• Orange Premium Club Premium banking service offering 10% cashback at cafes and restaurants, taxi compensation up to 20,000 rubles, and business lounge access for premium customers.
• PSB Private Banking Private banking services for high-net-worth clients including personalized wealth management, investment advisory, and exclusive benefits.
• International Payments (Международные платежи) International payment services for Russian companies and foreign partners with 0.3% commission for cross-border transactions.
• State Defense Order Banking Services (Гособоронзаказ) Specialized banking services for state defense procurement contracts (госооборонзаказ), including special financing and payment services for defense industry and government contracts.
• Small Business Banking (Малому бизнесу) Banking products and services designed for small businesses including business accounts, business loans, merchant services, and cash management.
• Medium Business Banking (Среднему бизнесу) Banking products and services for medium-sized enterprises including corporate lending, cash management, trade finance, and investment services.
• Corporate Banking (Корпорациям) Banking products and services for large corporate clients including large-scale financing, complex banking solutions, investment banking, and cash management for high-volume transactions.
• Tokeon Platform (Платформа Токеон) Platform helping businesses attract financing and investors earn returns through the bank's ecosystem.
• PSB Finance Loans (ПСБ Финанс) Non-banking consumer lending service offering loans for any purpose through the PSB Finance subsidiary.
• Digital ID 'SVOi' (СВОи) Electronic ID for combat veterans providing access to federal benefits and discounts from bank partners.
• Safe Deposit Boxes (Сейфовые ячейки) Secure storage services for valuables and safe financial transactions at bank branches.

Quantifiable outcome

• Interest rate of 13.7% on 'Сильная ставка' deposit product
• +4 more outcomes

Named customers4 records

Segments8 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

Feature6 records

Partnerships

Nine partnerships are on record, tiered core, major and minor.

• ИЦК 'Финансы' (Industry Competence Center 'Finance')coreStrategic or Co-development PartnerПСБ participates in the Industry Competence Center 'Finance' which is a unified ecosystem for ensuring technological sovereignty of the financial industry. The center includes working groups on high-performance radio-electronic equipment, secure development, resources for development, legislation, software, and industry polygons. Major Russian technology companies participate including YADRO, T1, SKALA-R, and others.
• YADROcoreTechnology or IntegrationYADRO operates as a key technology partner for testing banking software and hardware solutions within the ИЦК Финансы framework. Testing includes Automated Banking Systems (ABS), Microservice platforms, and Database Management Systems on YADRO equipment.
• Т1 (T1)majorTechnology or IntegrationT1 (Finansovaya platforma T1) operates as a technology partner for testing Automated Banking Systems and Microservice platforms within the industry polygon framework.
• Скала^р (SKALA-R)majorTechnology or IntegrationSKALA-R operates as a technology partner and operator for testing banking systems including ABS, processing solutions, and virtualization on SKALA-R equipment.
• СберТех (SberTech)majorTechnology or IntegrationSberTech operates as operator for testing Platform V solutions including microservice platforms (Flow, DropApp) and virtualization solutions within the industry polygon framework.
• ЦФТ (CFT)majorTechnology or IntegrationCFT (Center of Financial Technologies) provides automated banking systems (ЦФТ-Банк) and processing solutions for testing on various technology platforms including YADRO and SKALA-R.
• Диасофт (Diasoft)majorTechnology or IntegrationDiasoft provides Diasoft Digital Q automated banking system for testing on YADRO platforms within the industry polygon framework.
• Самолёт (Samolet Group)majorStrategic or Co-development PartnerPartnership for accumulation programs allowing customers to earn income from savings and receive preferential conditions when purchasing apartments from Samolet Group.
• Иностранные банки-корреспонденты (Foreign correspondent banks)minorOthersDue to sanctions, operations with foreign correspondent banks are limited. The bank advises against currency transfers from foreign banks to PSB to avoid blocking of funds.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Sberbank (Sber): Russia's largest bank with the broadest retail and corporate franchise; competes directly with PSB across deposits, lending, payments, and investment services. While much larger and more diversified, Sberbank is the primary universal-banking benchmark against which PSB measures itself.

Direct peers

• VTB Bank: Second-largest Russian state-owned universal bank; serves retail, SME, corporate, and government segments. VTB is the closest direct peer to PSB given similar state ownership, universal license, corporate/government exposure, and sanctions status.
• Gazprombank: Major Russian universal bank with strong corporate and government-related client base; competes with PSB in large corporate banking, defense-adjacent sectors, and investment services. Comparable in scale and product breadth.
• Alfa-Bank: One of Russia's largest privately-owned universal banks; competes directly with PSB across retail deposits, consumer lending, corporate banking, and FX services. Offers a comparable product portfolio including premium banking and investment services.
• T-Bank (Tinkoff): Leading digital-first Russian bank with strong retail franchise in cards, deposits, and consumer credit; competes with PSB's retail banking and digital channels. A meaningful competitor particularly in mobile/app-led acquisition.
• Rosselkhozbank (Russian Agricultural Bank): Another large Russian state-owned bank with sector-specific mandate (agriculture) but offering universal banking services. Comparable as a state-owned peer with similar digital offerings, branch footprint, and government-linked client base.
• Rosbank: Major Russian universal bank (now under InterrosGroup ownership) serving retail, SME, and corporate clients; directly competes with PSB across deposits, lending, and FX, particularly in the premium segment.

Others

• Bank of Russia (Central Bank): Regulator that issued PSB's universal license and sets monetary policy that directly drives PSB's deposit/loan pricing. While not a competitor, it is the relevant institutional peer in terms of operating framework and market infrastructure provision.
• YADRO: Russian domestic hardware and software vendor; not a financial competitor but a strategic technology partner within the ИЦК 'Финансы' ecosystem where PSB tests ABS, microservices, and DBMS on YADRO infrastructure.
• Mir Payment System (NSPK): Operator of Russia's national MIR card payment system on which PSB issues cards; functions as critical payment infrastructure rather than a direct competitor, but defines PSB's card-issuance and acceptance capabilities in the post-sanctions environment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/psbank_ru
• YouTuberutube.ru/channel/24734074
• Facebookfacebook.com/psbank
• LinkedInlinkedin.com/company/promsvyazbank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Promsvyazbank