About the company AKB Primorye
Security pagePrimorye is a regional bank of the Russian Far East that operates mainly in Primorsky Krai. It serves local companies — from fishing businesses to trading firms engaged in foreign economic activity — and the population of the territory. Its shares trade under the ticker PRMB.
What the company does
A regional bank wins on knowledge of its own market. It understands how the business of a local fishing company or an importer works, and it can assess a borrower more accurately than a federal bank looking at the same application from a distance.
What sets Primorye apart is the outward-facing nature of the territory's economy: trade with Asia, port logistics, imports of cars and goods. Hence the demand for foreign-currency settlements and for the servicing of foreign trade transactions, which became scarce after foreign banks left.
The constraint is the same as for all small banks: funding is more expensive, there is less room to invest in technology, and the loss of a few large clients shows up immediately.
Business lines
Corporate banking
Settlements, lending and foreign-currency operations for the territory's companies.
Foreign trade settlements
Servicing of trade transactions with Asian partners.
Retail services
Deposits, cards and loans for residents of the region.
History
- 1994The bank is founded in Vladivostok.
- 2000-еDevelopment of services for the territory's foreign economic activity.
Business review
Strengths and weaknesses describe the business itself. Opportunities and threats describe what may happen around it.
Strengths
- Knowledge of the local market allows the bank to assess borrowers more accurately than a federal bank can from a distance.
- The territory's foreign trade orientation provides steady demand for foreign-currency settlements.
- The exit of foreign banks has made the servicing of such transactions scarce.
- The development of Far Eastern projects increases business activity in the region.
Weaknesses
- Small size means more expensive funding than federal banks have.
- The loss of a few large clients shows up in the results immediately.
- Sanctions restrictions complicate foreign-currency operations.
- Geographic concentration: a downturn in the territory's economy hits the entire portfolio.
Opportunities
- Trade with China and Korea through the territory's ports widens demand for settlements.
- The region's fishing industry needs seasonal lending.
- The exit of foreign banks opened up the servicing of foreign trade deals.
- A high interest rate increases income from placing surplus funds.
Threats
- Restrictions on international settlements complicate the bank's main advantage.
- Large federal banks compete for the same foreign trade flow.
- A cut in the key rate squeezes the interest margin.
- The fishing industry is seasonal: the quality of the loan portfolio changes with the fishing season.
Frequently asked questions
What does Bank Primorye do?
The bank serves companies and residents of Primorsky Krai: it handles settlements, lends to businesses, services foreign trade transactions with Asian partners and takes deposits.
What is the advantage of a regional bank?
Knowledge of the local market. It understands how the business of a particular fishing company or importer works, and it assesses such a borrower more accurately than a federal bank looking at the application from a distance.
Why are foreign-currency operations important for a bank in Primorye?
The territory's economy is tied to trade with Asia: imports, ports, foreign trade settlements. After foreign banks left, the servicing of such transactions became a scarce service.
Issuer profile
What the company does
The company is classified under the «Banks» sector, using the taxonomy we apply when comparing securities with one another.
The same sector holds 12 issuers on the platform, and their figures are computed by one method — so this company's revenue, profit and leverage can be compared with them directly.
The company is registered in Russia and identified in regulatory disclosure by tax number 2536020789. That number locates its statements in state registries regardless of how its name is spelled — and the spelling differs even between official documents.
Listed securities
The issuer has 1 security listed: 1 share class. All are shown on this page, including those trading in different modes and different currencies.
Across Moscow Exchange quotation list levels the securities split as follows: 1 at level 3. The level reflects how strict the disclosure, turnover and track-record requirements the issue meets are — not how attractive the investment is.
Dividend history
Between 2018 and 2024 the issuer made 9 payouts whose record date has already passed. A board recommendation or a forecast does not enter this history, because no money has been paid on them yet.
The most recent payout was 2,000.00 ₽ per security with a record date of 6 May 2024. That is the amount before tax: the broker withholds it on crediting, so less arrives in the account.
Financial statements
The most recent annual report we hold is for 2025 under IFRS. The standard is named for a reason: IFRS and RAS compute the same quantities by different rules, disagree by design and are never averaged.
2025 closed with a loss of −4.25B ₽.
Equity stands at 3.83B ₽ against total assets of 75.80B ₽. The difference between the two is the company's liabilities, and the larger it is relative to equity, the more the business depends on borrowed money.
This section is assembled from our own data on the company's securities, dividends and financial statements. It is a description, not a recommendation.