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TransCreditBank
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1OCT12
VTB increases stake in TransCreditBank to 99.6%
VTB Bank increased its stake in TransCreditBank (TCB) to 99.6% from 77.8% by purchasing stock from the Russian Railways. This follows VTB Group’s Management Committee approval of the integration plan in August 2011. The plan was developed in compliance with the shareholder agreement...
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14MAY12
VTB contributes to medium-sized business development in Russia
On May 14, 2012, VTB Bank, Bank of Moscow , TransCreditBank, and theAgency of Strategic Initiatives for New Projects Promotion have signed a cooperation agreement, which is aimed at developing and implementing higher priority innovative projects by the parties, including those implemented by Russian...
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28NOV11
VTB's transformation
... Bank of Russia to take over the bank – a de facto state-backed bailout that left VTB with Guta’s extensive branch network in prime locations throughout the capital. More recently, VTB has bought the captive banks of the state-owned railway monopoly, TransCreditBank (TCB), followed by the controversial takeover the Bank of Moscow, that together have added 8.5m new customers and made VTB24, the group’s retail arm, the second biggest retail bank in the country. However, the surprise was the blistering...
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6SEP11
VTB Bank Supervisory Council Committee on Strategy and Corporate Governance holds meeting
On 2 September 2011, VTB Bank Supervisory Council Committee on Strategy and Corporate Governance held a meeting, during which a number of key issues concerning JSC TransCreditBank’s integration into VTB Group and Corporate Governance at VTB Bank were considered, including the introduction of the corporate secretary position. Following the results of the meeting, the Committee decided to approve the 2011-2013 strategy...
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