TransCreditBank

TransCreditBank (OAO TransCreditBank) was a Russian commercial bank that operated from 4 November 1992 until 1 November 2013, when it was legally merged into VTB24 and its brand disappeared from the market. It was founded by large industrial enterprises in metallurgy and the fuel and energy sector, and from 1999 it came under the control of structures of the Russian Ministry of Railways. In 2003, a controlling stake (74.995%) was transferred to the Ministry of State Property, and in 2007 the state-owned stake was contributed to the charter capital of Russian Railways (RZD). In July 2011, Bank VTB acquired 29.4% and increased its share to 72.9%; by October 2012 VTB had raised its stake to 99.6% after buying 21.81% from RZD. The bank was one of Russia's top-15 banks by assets and a leader in services for the transport and related industries. It served about 35,000 corporate clients, including RZD and its 16 regional railways, and around 2 million retail customers. As of 1 February 2013, its network included 2,574 ATMs and 6,128 POS terminals, with 276 offices in 197 Russian cities. Its total assets under IFRS for 2012 were RUB 518.7 billion, loan portfolio RUB 390 billion, customer funds RUB 294.1 billion, equity RUB 54.6 billion, and net profit RUB 14.2 billion. It held credit ratings from Moody's (Baa3/Prime-3, stable) and Standard & Poor's (BBB/A-2, stable). After the merger, large corporate clients were transferred to Bank VTB and retail clients to VTB24. The bank's president, Dmitry Olyunin, was elected chairman of Rosbank's management board in November 2013.

TransCreditBank was established on 4 November 1992, with a Bank of Russia license (No. 2142) received on 2 December 1992. Its founders were various large industrial enterprises in metallurgy and the fuel and energy sector. A foreign currency license was obtained on 20 December 1993. By 1 April 1994, its charter capital was RUB 2.1 billion. In 1999, control over the bank passed to structures of the Russian Ministry of Railways. In 2003, a controlling stake (74.995%) was transferred to the Ministry of State Property by government order (No. 454-r of 2 April 2002). On 13 July 2005, the Bank of Russia issued a new general license (No. 2142). In 2007, by presidential decree No. 178 of 15 February 2007, the state-owned stake (74.95% held by the Federal Agency for State Property Management) was contributed to the charter capital of OAO Russian Railways. In July 2011, state-owned Bank VTB completed a deal to acquire 29.4%, increasing its share to 72.9%. In October 2012, Bank VTB increased its share from 77.8% to 99.6% by buying 21.81% from Russian Railways. Also in October 2012, bank president A. Krokhin announced that in early November 2013 a full merger of TKB and VTB would occur, after which the TransCreditBank brand would leave the market, with large corporate clients moving to Bank VTB and retail clients to VTB24. On 1 November 2013, the legal merger of TransCreditBank into VTB24 took place, and the brand disappeared. On 13 November 2013, TransCreditBank President-Chairman Dmitry Olyunin was elected chairman of the management board of Rosbank, effective 1 December 2013. At its peak, the bank was one of Russia's largest, in the top-15 by assets, and a leader in services for the transport sector. It served about 35,000 corporate clients, including RZD and its 16 regional railways, and around 2 million retail customers. It was among the top-10 Russian banks by number of cards in circulation and among the top-5 largest operators of corporate salary projects, having issued 2.4 million cards. As of 1 February 2013, its network included 2,574 ATMs and 6,128 POS terminals, with 276 offices in 197 Russian cities. Its total assets under IFRS for 2012 were RUB 518.7 billion, loan portfolio RUB 390 billion, customer funds RUB 294.1 billion, equity RUB 54.6 billion, and net profit RUB 14.2 billion. It held long-term credit ratings from Moody's (Baa3/Prime-3, stable) and Standard & Poor's (BBB/A-2, stable).

• Bank founded

• Bank of Russia license No. 2142 received

• Foreign currency license obtained

• Charter capital reached RUB 2.1 billion

• Control passed to Russian Ministry of Railways structures

• Controlling stake (74.995%) transferred to Ministry of State Property

• New general license No. 2142 issued by Bank of Russia

• State-owned stake contributed to Russian Railways charter capital

• Bank VTB acquires 29.4%, increasing share to 72.9%

• VTB increases share to 99.6% by buying 21.81% from Russian Railways

• President A. Krokhin announces full merger with VTB in November 2013

• Legal merger into VTB24 completed; brand disappears

• Dmitry Olyunin elected chairman of Rosbank management board

A leading Russian bank for the transport sector and related industries, top-15 by assets, with a strong corporate and retail franchise.

• Corporate lending

• Retail banking

• Payment cards

• Trade acquiring

• Payroll projects

• Deposits

• Settlement and cash services

1. 1Official website (archived)tcb.ru
2. 2Wikidata entrywikidata.org
3. 3Russian Wikipedia articleru.wikipedia.org