PSB Bank PJSC
Background
PSB Bank PJSC is a Russian public joint-stock commercial bank that provides a range of banking and financial services to individuals, businesses, and state-linked clients. In the Russian financial system, it is a major institution with a nationwide branch network and a significant role in lending, payments, deposits, and other core banking functions. Its scale and broad geographic presence make it relevant to both the retail economy and the provision of financial infrastructure in regions where access to banking services is strategically important.
The bank is headed by Pyotr Fradkov, who serves as chairman. As a public joint-stock company, it operates under the corporate form used for large Russian commercial entities, with management organized through standard executive and board structures typical of major banks. Available reporting indicates that by 2025 it had assets of about 9 trillion rubles and 463 branches, placing it among the larger institutions in the country’s banking sector. Its position in the economy is reinforced by its ability to operate across multiple regions, including areas with heightened administrative and logistical significance.
Recent reporting shows that PSB Bank has maintained active operations in the Donetsk, Luhansk, Zaporizhzhia, and Kherson regions since 2022, with branches there in 2025. It has also continued operating in Bryansk, Belgorod, and Kursk oblasts. These developments suggest an emphasis on sustaining financial services across both established Russian regions and territories under Russian control or administration. The bank’s recent profile therefore reflects continuity of large-scale operations, territorial expansion, and a role in supporting banking access in areas of current governmental and economic priority.
Timeline
PSB Bank PJSC had reached 9 trillion rubles in assets in 2025.
Meeting of Mikhail Mishustin with the Chairman of PSB Bank PJSC Pyotr FradkovPSB Bank PJSC had operated 463 branches across Russia’s four annexed Ukrainian territories.
Meeting of Mikhail Mishustin with the Chairman of PSB Bank PJSC Pyotr FradkovPSB Bank PJSC had accounted for more than 50% of the banking sector’s credit portfolio in those territories.
Meeting of Mikhail Mishustin with the Chairman of PSB Bank PJSC Pyotr Fradkov
Documents
Meeting of Mikhail Mishustin with the Chairman of PSB Bank PJSC Pyotr Fradkov
Mishustin met with PSB Bank chief Fradkov, who reported 9 trillion rubles in assets for 2025 and 463 branches across Russia's four annexed Ukrainian territories, covering over 50% of the banking sector's credit portfolio there.