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22.05.2009 /Operations TransCreditBank to Expand its Regional Network

The Management Board of TransCreditBank decided to continue with the regional expansion program.  Pursuant to this program the Bank will open two new regional outlets – additional office #3 in Yekaterinburg and an additional office in the town of Kem in the Republic of Karelia reporting to its branch in Petrozavodsk.

These offices will provide banking services to entities and employees of JSC Russian Railways – Sverdlovsk Railroad and Petrozavdsk Division of October Railroad, respectively.

At the same time, TransCreditBank intends to benefit from advantageous location of these offices by generating new SME accounts and offering a wide array of retail services to neighboring communities.

President of JSC TransCreditBank S.N.Pushkin: “TransCReditBank’s successful performance in the environment of ongoing financial and economic crisis boosted massive inflow of new accounts, both corporate and retail.  By expanding its office network the Bank will be able both to ensure the required quality of services for existing customers and to strengthen its positions in the public market of banking services”.

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