OREANDA-NEWS. June 23, 2010. Trade & Forfaiting Review, the dedicated British magazine, named PSB "Best Local Trade Bank in Russia". Winners in 30 categories of the TFR Awards 2010 were determined by votes cast by members of the professional community on the website http://www.tfreview.com, reported the press-centre of PSB.

PSB is a market leader in the international trade finance market in Russia. According to SWIFT, the share of letters of credit issued by PSB in 2009 was 10.63% of the total number of LoCs issued by Russian financial institutions. PSB has been participating in the EBRD Trade Finance Program since 2004. In June 2010, PSB joined IFC's Global Trade Finance Program.

Trade & Forfaiting Review is a dedicated trade finance magazine offering comprehensive information to market professionals.