OREANDA-NEWS. April 13, 2012. Mr. Alexey Krokhin has been appointed TransCreditBank’s President and Chairman of the Management Board starting from April 6, 2012, after his candidacy was approved by the Bank of Russia. Mr. Krokhin was Acting President and Chairman of the Management Board from February 21, 2012, by the appointment of the Board of Directors.

“The Bank’s management faces a significant challenge of ensuring a smooth integration of the Bank into the VTB Group. In the coming 18 months we are to implement a complex project of corporate business  migration to Bank VTB and by November 2013 we expect to finalize the merger of retail business with VTB 24. Along with the integration challenges we have ambitious business development objectives set for us. We will continue to pay special attention to providing a full range of financial services to our key client – Russian Railways,” said Alexey Krokhin.

 Mr. Krokhin joined TransCreditBank as an Advisor to the President in 2002. He was appointed Senior Vice President later that year and First Vice President in 2004. Mr. Krokhin has served on the Management Board since 2002. He has supervised Corporate Banking.