PSB Market Share of Letters of Credit Reached 10,98%
OREANDA-NEWS. October 26, 2010. According to calculations based on SWIFT statistics, the share of L/Cs issued by PSB in 3Q2010 was 10.98% of all communications of this type issued by Russian financial institutions in the SWIFT format, reported the press-centre of PSB.
PSB has been a consistent leader by volume of L/Cs issued in the SWIFT format, with a 10.63% and 11.17% market share in 2009 and 2008, respectively.
In recent years, PSB has been maintaining its leadership among Russian banks by volumes of financing of its clients' foreign trade operations.
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