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.
