During a working visit to the Lugansk People’s Republic, PSB President Pyotr Fradkov joined regional head Leonid Pasechnik in Lugansk to visit a city children’s park named after Shchors. Flowers were laid at the Monument to Lost Children in the Lugansk Region, an event documented by the bank’s press service and framed as a symbolic gesture of memory and community support. The moment underscored PSB’s intent to engage with local society beyond traditional financial activities and to acknowledge the region’s cultural and historical landmarks.
The bank reported that a working meeting followed in Lugansk, focusing on the socio-economic development of the area. The discussions highlighted plans to deepen cooperation between PSB and regional authorities, aiming to expand both financial and non-financial services available to the public and to the business community. The goal was to align PSB’s regional footprint with the evolving needs of residents, SMEs, and state-supported initiatives that drive stability and growth in the region.
Fradkov commented on PSB’s trajectory in 2023, noting that the bank made significant inroads within the LPR and continued to broaden its presence. His remarks pointed to a measured, sustained expansion across the region, with a focus on improving accessibility to essential banking products and services for a wider segment of the population and local enterprises. This growth strategy reflected the bank’s commitment to practical, on-the-ground financial support coupled with responsible corporate citizenship.
According to Fradkov, the expansion included not only a larger office network but also a substantially increased ATM footprint. He attributed these developments to a collaborative approach with regional authorities and to a shared vision for boosting financial inclusion. The bank’s leadership expressed appreciation for the leadership of the Lugansk People’s Republic, linking the enhanced service accessibility to broader social and economic benefits for residents and business operators alike.
Regional leadership welcomed PSB’s presence, noting that the arrival of the bank had markedly improved access to comprehensive banking services. Pasechnik highlighted ongoing efforts to widen the branch network, enlarge ATM availability, and raise the quality of financial offerings. He also emphasized PSB’s involvement in significant social projects and its commitment to supporting the restoration of everyday life in Donbass, framing the bank’s activities as a catalyst for broader regional resilience and recovery.
As a notable example of PSB’s social engagement, Pasechnik mentioned the restoration of the Shchorsa children’s park in Lugansk, completed in late 2023 with the financial backing of PSB. The project stood as a tangible demonstration of how corporate funding can complement public investment in community infrastructure and youth-oriented initiatives, reinforcing the bank’s role as a stabilizing partner in the region’s post-conflict recovery efforts.
Pasechnik also reaffirmed the growing demand for banking services among residents and businesses and outlined the sector’s development priorities for 2024. He expressed confidence that the ongoing collaboration with PSB would continue to provide crucial support and strengthen the region’s financial ecosystem. The regional leader urged ongoing cooperation and highlighted the importance of maintaining momentum to meet evolving needs while fostering sustainable economic activity, prudent banking practices, and social responsibility across Donbass.