OREANDA-NEWS. February 07, 2014. According to calculations based on SWIFT data, PSB market share in export letters of credit in Q4 2013 was 18.26% of the total number of export letters of credit issued by Russian financial institutions and transmitted via SWIFT.

Compared to Q3 (17.09%), PSB market share increased by 1.27 percentage points. According to 2013 full-year results, PSB market share in export letters of credit was 18.16% against 17.67% in 2012.

PSB also retains a strong market share in import operations, which in Q4 2013 was 9.84%, up from 8.13% in Q3. Based on 2013 full-year results, PSB market share in import letters of credit was 8.29% against 6.82% in 2012.

"PSB has been operating at the international financing market for over ten years. Today the bank is one of the market leaders. We pay great attention to development of relations with foreign banks and international financial organizations, as well as to our services’ quality improvement in accordance with international banking standards", - says Anna Belyaeva, PSB Vice President and Head of Financial Markets.

As part of trade and long-term financing PSB offers a range of products, including letters of credit, guarantees and standby letters of credit, pre-export financing and loans under contracts. PSB is a partner for the EBRD (European Bank for Reconstruction and Development) and IFC (the International Finance Corporation) under trade financing programs, cooperates with more than 110 foreign correspondent banks for trade finance transactions and has experience in financing deliveries from 65 countries.