TransCreditBank

As of November 1, 2013, Joint Stock Company TransCreditBank was acquired by Bank VTB 24. Joint Stock Company ‘TransCreditBank’ provides various banking products and services to corporate and retail clients in the Russian Federation. The company operates in four segments: Corporate Banking, Treasury, Retail Banking, and General Management. The Corporate Banking segment offers deposit-taking, leasing, factoring, settlements, guarantees, letters of credit, cash collection, foreign exchange, and other services to corporate customers. The Treasury segment provides debt and equity capital markets and money markets transactions, trading and brokerage in securities, repurchase, syndications, and derivative transactions. The Retail Banking segment offers consumer and mortgage loans, deposits, money transfer and foreign exchange services, settlements, and a range of banking card products to individual customers. The General Management segment provides liquidity management functions. As of March 31, 2013, it had 40 branches in the Russian Federation and 167 operating outlets. The company was founded in 1992 and is headquartered in Moscow, the Russian Federation.