The government of Stavropol Territory and PSB Bank recently signed a cooperation agreement in order to address social and economic progress of the region.

PSB Chairman of the Board Artem Konstandyanom and newly-elected Governor of Stavropol Vladimir Vladimirov signed the agreement. PSB will loan to small and medium-sized businesses within the Stavropol Territory, an area of particular interest for PSB. In addition, investment projects aimed at improving finance leasing, agriculture and further socio-economic development will also result from the signed agreement.

Konstandyanom explained that the partnership would enable the Stavropol Territory to provide high-tech banking services to the populace of the Stavropol Territory.

"Our regional development strategy is, first and foremost, to be a reliable long-term partner for all our customers," Konstandyanom said.

The Stavropol Territory branch of PSB is one of its largest, catering to a wide range of finance needs for businesses and individuals.