Located in Saint Petersburg and the Leningrad region, Alexander Savelyev is the chairman of the bank's management board.

It was established on 3 October 1990 as a joint-stock company Lenbank, a year later it received its current name.

In the fall of 2007, St. Petersburg was the first private bank in Russia that did IPO, received permission from the Federal Financial Markets Service to issue receipts, but further, refused listing on the foreign stock exchange (receipts were converted into ordinary shares that are now in circulation in the several number of Russian stock exchanges).

[7] The UK increased sanctions in December 2023 to prohibit correspondent banking relationships.

[8] In March 2023, applications of Russian banks that were included in the updated sanctions list in February 2023 were removed from Google Play.