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2007 December 21   14:13

RZHD acquires the stake in TransCreditBank

RZHD acquired 75% in TransCreditBank, as it was informed.
The Russian state property sold its share. 75% of the Bank were ivnested in the RZHD share capital in line with the President's decree.
RZHD was set up on the basis of the communications ministry in 2003. 100% are held by the state (85.5ths km of railways length in total). The net profit in 2006 (RAS) rose to 26.3bn rub. or 2.7 fold higher prior year figures - 9.7bn rub.
TransCreditBank is a basic bank of RZHD aimed to provide the banking servicing of railways, transport entities included into the railway sector.
It is included into the 30 leading banks-list in Russia. It has 32 branches and 5 subs.

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