"Industrially-building bank":
"Industrially-building bank":
With profit and optimism.
The Petersburg Industrially-building bank has summed up the
Jobs in 1998. Own capital of bank has increased on 35,9
Million rbl. also has made for January, 1st, 1999 of 930,6 million
Rbl. PSB became the first Russian bank, managed to co-ordinate with
Foreign creditors commercial conditions of re-structuring
All external obligations, proceeding from term in three years.
Financial crisis has struck serious blow to the Russian
To bank system. In essence, after August, 17th we have appeared in
To other country. From the market many largest banks definitively have left,
For which re-structuring of currency passives became unsoluble
Problem. Average and small banks have seriously suffered,
Focused on investments in state papers.
In this uneasy situation the Industrially-building bank has managed
To stand and prove the viability. Experts explain
It is the several reasons, among which - high
Professional level of management, orientation to job with
Real sector of economy, character of interaction with
Municipal authorities, trust of clients.
Bringing financial results of 1998, a bank management
Estimates them with the certain and quite proved optimism, for
Which there are all bases. Despite crisis, own
The bank capital has increased by 35,9 million rbl. and has made for January, 1st
1999 930,6 million rbl. bank Actives have grown in 1,7 times and
Have reached by January, 1st of this year 8297,0 million rbl.
Last months year the bank has managed to strengthen the profitable base
Also has received by results of a year profit of 77,5 million rbl. It once again
Has proved orientation to new sources of incomes.
At the expense of expansion of a spectrum and increase in volume of services has occurred
Growth of commission and not percentage incomes of bank, which on the
Essence do not depend on level of interest rates in the market. In
The core it is incomes for settlement-cash service and services on
The currency market. Their share has increased in aggregate profits PSB for a year from 30 %
To 43 %.
During crisis of concept of reliability, stability, trust
Have got for many absolutely real, tangible sense. Steels
More significant long-term partner communications, an operational experience with
Joint projects. Perhaps, for the first time for many years concept
"Conservative bank" has received obviously expressed positive
Colouring.
Both for clients, and for banks orientation only on
Reception of direct, momentary benefits has faded into the background.
Clients began to reflect, that it is better - to receive less income
Today or in general to lose own means. Banks became
More rigidly to concern credit risks. Clients could not
It not to feel, especially clients-importers.
Especially extremely unpleasantly crisis has affected the private
Investors. The agiotage which has burst among them, has led to occurrence
Enough serious problems at all banks. However, despite
All difficulties, PSB has managed to cope with a problem of performance of the
Obligations to private clients. Besides, PSB has managed
Considerably to expand the client base.
The best acknowledgement to it is increase for a year of quantity
Corporate clients (for January, 1st, 1999 49200). Among the new
Clients of bank - leading enterprises and the organisations of
St.-Petersburg - GGH "Lengaz", "Nevo-tobacco", "Sheraton Nevsky
Oriental carpet Hotel ", department store" Passage "and other cities of Russia -
"NovgorodEnergo" (Novgorod), factory "п п п п п?п?п п?" (Luga), Open Society
"Severstal", Podolsk, Zhukovsky and Chkalovsky customs (
Moscow), etc. Clients of bank are 14 companies entering in
п п п -200 The largest Russian enterprises, subjects of federation.
The major for banks an activity indicator - size
The rests on an abacus of clients - for a year has increased by 53,9 % and
Has made for January, 1st, 1999 of 286705 million rbl. Results of job
Bank have shown, that in 1998 PSB has managed to confirm the
Leadership among the Petersburg banks, successfully having executed a role
sistemoobrazujushchego bank of Northwest region of Russia.
In 1998 thanks to active job with the western partners
PSB has managed to involve on the Russian market about 92 million dollars, in
That number the syndicated credit at a rate of 45 million dollars
Without maintenance, that is without guarantees of the government of a city or
Russia. These means have been directed on investment
The industry and municipal economy:
Realisation of large projects, among which building
New metro stations. Besides, as the bank serving
Importers, it let out debt securities, which
Were accepted by foreign partners. Actually on August, 17th
The state has refused performance of the obligations and on
To service of an internal debt, and on support national
Currencies. The unique positive reaction of banks to this
Step of the federal authorities, according to the chairman of board PSB
Alexander Emdina, there was a beginning of negotiations with foreign
Creditors about re-structuring of the external obligations. At
Carrying out of negotiations PSB has given to creditors the full
The information on the activity also recognised the obligations.
The committee of creditors has spent careful check of the financial
Bank statuses. The most important result of job representatives PSB
Consider the coordination of commercial conditions of re-structuring
External obligations PSB proceeding from term 3 years. It
Testifies, that the western partners trust the Petersburg
To bank, and it is the important factor in bank business. One more
The fact which has confirmed high level of trust to PSB, became
Granting to it in January, 1999 of the next tranche of the credit
IBRD within the limits of a housing development programme.
Today "Industrially-building bank" - the leader bank
The Northwest systems, one of few regional banks in
To the Russian bank elite. According to the Russian rating
Agencies, PSB occupies 9 place in Russia on total actives and 12
Place on the size of own capital, 13 place in Russia on
To profit volume. In 1998 share PSB in the market of the corporate
Clients of St.-Petersburg has made about 25 %. In the market of the private
Clients about 7,5 % (2 place, after the Savings Bank of
St.-Petersburg). 60 % of incomes of the budget of St.-Petersburg
It is formed by Open Society "п п п " enterprises-clients, about 500 thousand
The person receive through bank the salary at the enterprises which are
On service in "PSB".
Today shareholders of Open Society "Industrially-building bank" - more
300 legal and 22 thousand physical persons. The bank serves
About 50 thousand corporate clients and 200 thousand bills private
Clients. The filial network of Open Society "п п п " serving clients in
Many cities of Russia, totals 43 branches, from them 18 - in
Petersburg, 14 - in Leningrad region, 11 - in other regions
Russia. Branch PSB works and in Kareliya. On April, 11th, 1999
It will be executed four years from the date of opening of "Petrozavodsk" branch
PSB, created for service of the industrial enterprises
Northwest region.
Four years of job of Petrozavodsk branch of Open Society PSB - term
The small. For these years many clients have like to it trust.
Mainly here has unmistakably worked the factor of reliability of bank.
The traditions which have been saved up for 130 years by many generations of the bank
Workers, are carefully saved in branch "Petrozavodsk". It
Gives to the clients all spectrum of services, leading up them to
Qualitatively high level.
Open Society branch "Petrozavodsk" "Industrially-building bank",
St.-Petersburg, is located to the address: street L.Chajkinoj, 21.
Contact phone 56-90-11, fax 56-93-62.
<$>
//* an information Source: Northern courier (Kareliya), 31.03.99
//* Reg. Nom. - 1090300046.16-------------------------------------------
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