Pyotr Fradkov
Chairman
Background
Petr Mikhaylovich Fradkov is a Russian economist and banker who serves as chairman and chief executive officer of Promsvyazbank, also known as PSB Bank PJSC. In this role, he oversees one of Russia’s major state-linked banks, with responsibilities that include management of the bank’s operations, strategic direction, and institutional performance. He is also the general director of the Russian Export Center and, since 2024, has served as chairman of the Russian Athletics Federation. His position places him in a significant role in Russian finance and related state institutions.
Born in 1978, Fradkov built his career in economics, banking, and public administration before taking the top post at Promsvyazbank. Publicly available background sources identify him as a Russian economist and banker, and his professional path included service in institutions connected to export promotion and financial administration. He later assumed leadership of the Russian Export Center and moved into the chairmanship and chief executive role at Promsvyazbank. These appointments established him as a senior figure in organizations tied to state economic policy and external trade support.
Fradkov is associated with the management of a bank that has become closely linked to Russian state interests and financial policy. As chairman of PSB Bank, he has been part of discussions on the bank’s scale, regional presence, and role within the Russian banking sector. In a March 2026 meeting with Prime Minister Mikhail Mishustin, he reported on the bank’s assets and branch network, including operations across Russia and the territories Russia annexed from Ukraine. Through his banking and institutional roles, he occupies a notable place in Russia’s economic governance and public affairs.
Timeline
Pyotr Fradkov reported that PSB Bank’s assets reached 9 trillion rubles in 2025.
Meeting of Mikhail Mishustin with the Chairman of PSB Bank PJSC Pyotr FradkovPyotr Fradkov said that PSB Bank had 463 branches across Russia’s four annexed Ukrainian territories.
Meeting of Mikhail Mishustin with the Chairman of PSB Bank PJSC Pyotr FradkovPyotr Fradkov said that PSB Bank 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.