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TransCreditBank

  • 31
    OCT13
    VTB Group completes merger of TransCreditBank into VTB24

    The merger of TransCreditBank into  VTB24  will be completed on 1 November 2013. VTB24 expects to boost its financial performance by integrating TransCreditBank into its structure. On 1 November 2013, the merged bank’s loan portfolio will grow 10%, while liabilities ...

  • 1
    OCT12
    VTB increases stake in TransCreditBank to 99.6%

    VTB Bank has increased its stake in TransCreditBank (TCB) from 77.8% to 99.6% by purchasing stock from Russian Railways.  This follows the approval of the integration plan by VTB Group’s Management Committee in August 2011. The plan was developed in compliance with the shareholder agreement ...

  • 14
    MAY12
    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 ...

  • 28
    NOV11
    VTB's transformation

    ... 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 ...

  • 6
    SEP11
    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 ...

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