Global Banking Directory 2.0
Press Release Distribution Service
Add Bank | Banking Forum Online
BankDEP Crypto Bank
BanksDaily on Twitter BanksDaily on LinkedIn BanksDaily on Instagram

Press Release :: VTB Bank

Logo VTB BankOn October 4, 2010, VTB's Supervisory Board approved the phased acquisition of 100% of TransCreditBank. By year end 2010, VTB plans to acquire the majority stake of TransCreditBank from Russian Railways and other minority shareholders.

The acquisition includes TransCreditBank and all of its subsidiary businesses including leasing, factoring (JSC TransCreditFactoring) and investment businesses (TKB Capital).

The Supervisory Board has set the purchase price equal to the ratio of no more than 2.2 of TransCreditBank's adjusted tier-one capital by the end of 2010.

VTB Group President and Chairman of the Management Board, Andrey Kostin, states, «The acquisition of TransCreditBank is in line with both VTB’s strategic plan to grow the Bank’s market share in Russia and Russian Railways' objective to enhance the range of banking services offered to the Russian railway sector».

Source: VTB Bank
Date: 05.10.2010
Get your content published on in just a few clicks.
Financial and Banking News
 Post-Pandemic Economic Recovery: Key Factors Driving Growth and Stability

The COVID-19 pandemic caused a global economic halt, resulting in disruption, job losses, and uncertainty. However, as vaccination efforts progress and countries adjust to the new normal, there is hope for an economic recovery.

 Wiki Finance Expo Sydney 2023 Is Coming Soon!

Regulation, Forex, Crypto, Web 3.0, Metaverse, AI, ESG Will Be in Focus. Taking place on November 16th, Wiki Finance Expo, Sydney 2023 is Aussie largest and most anticipated fintech event of the year. 30.10.2023 | Source: WikiExpo

 Blockchain Economy Dubai Summit 2023: Just Two Weeks Away and Buzzing with Anticipation

Dubai, UAE - The Blockchain Economy Dubai Summit is generating palpable excitement within the blockchain and crypto communities, with only two weeks remaining until the event. Scheduled for October 4-5, 2023, at the Le Meridien Dubai Hotel & Conference Center, this prestigious event gathers over 3,000 blockchain entrepreneurs, crypto enthusiasts, and industry leaders from 85 countries. 20.09.2023 | Source: Teklip

 📰 News Archive

2007-2024 © | All Banks in One Place | Privacy Policy