OREANDA-NEWS. On 04 March 2008 was announced, that the Management Board of the TransCreditBank at their meeting reviewed results of implementation of the comprehensive bank servicing project for the West-Siberia Railroad. The project was launched in late 2006. The project’s main objectives were to build a network of TransCreditBank’s offices across all territory covered by the Railroad and to switch accounts of entities and employees of the West-Siberia Railroad to the Bank for comprehensive servicing.

Under the project the Bank opened its branches in all Oblast’ and Krai centers of the Western Siberia, including cities where the West-Siberia Railroad and its departments are located (Novosibirsk, Barnaul, Omsk, Kemerovo, Novokuznetsk and Tomsk). Besides the Bank’s service infrastructure has been significantly expanded by a network of additional offices (15 sales outlets in Novosibirsk, Kemerovo and Omsk Oblast’s). Thus the Bank now has the total of 21 offices in the territory covered by the West-Siberia Railroad. In 2008 TransCreditBank contemplates opening at least 5 new sales outlets.

Currently, 157 entities of the Railroad switched their accounts to the Bank’s offices operating in the territory serviced by the West-Siberia Railroad. Under the payroll projects the Bank issued over 100,000 international bank cards to employees of the Railroad. 136 ATMs of the Bank are already operating in the territory covered by the West-Siberia Railroad. These are installed both on the premises of the Railroad entities and in public areas, including railway terminals and stations.

Launch of new offices will enable employees of the Railroad to benefit from financial products and services offered by TransCreditBank, in particular tailored lending programs for railroad workers. Indeed, under a mortgage lending program co-arranged by the Bank with JSC RZhD and CJSC Zheldoripoteka branches of the Bank issued 1,421 loans for the total amount of RUR1.595 bn to employees of the Railroad.