Effective April 6, 2012 Alexey Krokhin, as agreed upon with the Moscow Chief Territorial Directorate of the Bank of Russia, has been appointed president and management board chairman at Transcreditbank. The bank’s press service noted that he has performed the duties of the president since February 21 in line with the board’s decision.
Alexey Krokhin was born in 1971. He graduated in 1994 from the Finance Academy attached to the Russian Government with a degree in finance. In 1992 to 1999 he worked at JSB Incombank where he made a career from an economist to the head of the settlement center’s correspondent network development department, led the department of inter-bank operations and correspondent relations, ran the Incom-Znanie branch and held office as general manager at Incombank-Cyprus. From 1999 through 2001 he worked as an advisor and management board chairman at Aresbank. He joined Transcreditbank in 2002 as an advisor to the president of the supervisory board, was appointed a senior vice president and took the seat of first VP in 2004.
Transcreditbank is a backbone bank of the railroad monopoly with a wide network of branches. The bank was registered in 1992. The bank’s major owners are VTB Bank (77.78%), Russian Railways (21.80%) and other shareholders (0.41%). The bank focuses on serving companies affiliated with Russian Railways and, to a lesser extent, employees of its corporate customers. The lending institution’s interests also include operations on the securities market.
Based on Banki.ru data, as of March 1, 2012 the lender’s net assets stood at Rub 495.33 (12th in Russia), capital (calculated in line with CBR requirements) totaled Rub 62.56 bln, the credit portfolio amounted to Rub 338.71 bln and obligations to households equaled Rub 79.05 bln.
