TransCreditBank is a top-15 Russian bank by assets. TransCreditBank is an active member of various domestic and international banking, financial and transport unions and associations. TransCreditBank has a diversified client base, including major Russian companies in manufacturing, infrastructure construction, power generation, telecom, mining, oil, gas, and chemical industries. VTB Bank held a 74.37% stake in TransCreditBank as at August 1, 2011. Total assets: US$ 14.6 billion. Total equity: US$ 1.0 billion (as at March 31, 2011).
TransCreditBank provides a full range of banking services to corporate and retail clients, including lending, deposit taking, account and payroll services, international settlements, transactions with precious metals, stock market operations, retail financing, debit and credit cards issuance and express money transfers. For corporate clients TransCreditBank offers lending, factoring, leasing, settlement, deposit-taking services, project and trade finance. The Group operates main and additional offices in 190 cities and towns of Russia.
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No more queues in front of ATMs - 23.01.2013 Reduced transaction duration is an important issue for customer satisfaction and for efficient use of Banking channels, especially at ATMs. Every measure taken to fasten cash withdrawals, most widespread used ATM transaction, is beneficial to both customers and banks.
Swiss bank Wegelin & Co. to close after US tax evasion fine - 04.01.2013 Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin & Co., which was established in 1741, has also agreed to pay $57.8 million in fines to US authorities. Source: BBC
Banks seen shrinking for good as lay-offs near 160,000 - 16.11.2012 Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. Source: Reuters
Suntech will extend banking system at Nordea Bank Poland S.A. - 09.10.2012 Polish based company Suntech S.A. has entered into an agreement with Nordea Bank Poland S.A. to extend the corporate banking system eConnect. Expansion of existing application will increase its usability, making it one of the most innovative solutions in its class on the market. Source: Suntech