JSCB Transcapitalbank (TCB)

Strategic areas of activity:

• Active policy in the field of lending to enterprises representing key sectors of the domestic economy.
• Servicing small and medium-sized businesses and providing a full range of banking services to individuals.

2024

The manager of the Rostov branch received a real term for laundering 4 billion rubles

In February 2023, the Proletarsky District Court of Rostov-on-Don sentenced Vitaly Kozhukhov, the former manager of the Rostov branch of Transcapitalbank, and his accomplices, who were accused of laundering billions of rubles. Read more here.

Recovery of €340,000 from Credit Suisse

In February 2024, Transcapitalbank (TKB) won another lawsuit against Swiss Credit Suisse. The Russian credit institution managed to recover about 340 thousand euros on a syndicated loan. Initially, the amount of claims was more than 1 million euros. The reasons for the decrease in the amount are not reported. Read more here.

2023: Recovery of €10m from Credit Suisse

The Moscow Arbitration Court recovered about €10 million (754 million rubles at the exchange rate as of January 30, 2023, when the court's decision became known) from the Swiss bank Credit Suisse at the suit of Transcapitalbank (TKB). According to RIA Novosti, the court fully satisfied the claims of the Russian credit institution. Read more here.

2022

The Moscow Arbitration Court arrested the assets of Credit Suisse in Russia at the suit of TKB

The Moscow Arbitration Court arrested Credit Suisse's assets in Russia for seizing assets in Switzerland. The sanctioned Transcapitalbank (TKB) obtained in court the seizure of the assets of the Swiss bank Credit Suisse.

The court arrested the shares of two Credit Suisse structures in Russia: 100% stake in Bank Credit Swiss (Moscow) and in Credits Suisse Securities. And also arrested Credit Suisse funds - just over 10 million euros.

The lawsuit refers to a syndicated loan issued to the largest manufacturer of passenger cars in Uzbekistan - Uzauto Motors. TKB was one of the participants in the syndicate, with a participation amount of about 10 million euros. The London division of Credit Suisse acted as an agent of the syndicate, which, under the terms of the transaction, redirects the payment from the borrower to the lender, or notifies the lender that the payment has not been received.

As follows from the materials of the court, TKB did not receive a payment on the loan from Credit Suisse, although in April 2022 "the agent proceeded to comply with the instructions of the plaintiff to transfer funds to the account indicated by him, thereby confirming that the borrower fulfilled its obligations."

Credit Suisse is registered in an unfriendly country and is forced to comply with all sanctions imposed by it against Russia. The Swiss bank announced in March that it was ceasing economic activity in the Russian Federation

US sanctions

On April 20, 2022, the US Treasury Department imposed sanctions against 40 Russian legal entities, including Transcapitalbank (TKB), which acts as the settlement center of the Hello payment system, which was registered by the Central Bank of the Russian Federation a few days earlier.

The Treasury Department can and will pursue those who evade, try to evade or help evade US sanctions against Russia, the agency explains the purpose of the new sanctions package. The suppression of circumvention of restrictions should, in the idea of ​ ​ the American authorities, weaken "the Kremlin's ability to project force and finance [a special military operation in Ukraine]."

On April 20, 2022, the US Treasury Department imposed sanctions against 40 Russian legal entities, including Transcapitalbank (TKB), which acts as the settlement center of the Hello payment system, which was registered by the Central Bank of the Russian Federation a few days earlier.

Transcapitalbank was included in the sanctions list maintained by the Office of Foreign Assets Control (OFAC) of the US Treasury. The ministry noted that TKB representatives offered a number of banks in Asia, including China, and the Middle East, services to bypass international sanctions against Russia, for example, conducting operations through its own online service system TKB Business as an alternative to SWIFT to process dollar payments to sanctioned customers. TKB also tried to create a settlement center in Asia without including American or European banks in the clearing process, the release said. To curtail transactions with TKB, a deadline is given until May 20.

On April 15, 2022, the Bank of Russia registered the Hello payment system. It will act as a clearing and operations center for payments and transfers. Transcapitalbank was supposed to execute orders for the transfer of funds. By April 21, 2022, no public statements had been made about whether American sanctions would affect work with the Hello payment system.^[1]

2019

45 million rubles of a client stolen from a bank cell

In September 2019, more than 45.5 million rubles were stolen from the Transcapitalbank bank cell on Vorontsovskaya Street, house 27/35.

The commercial director of the chemical and metallurgical plant came to the bank and could not open the cell with keys, after which he called the foreman. After opening the cell, he found that there was no money in it.

A criminal case was initiated on theft on an especially large scale.

Transcapitalbank began bankruptcy of the Expert media holding

In July 2019, it became known that Transcapitalbank began the bankruptcy of the Expert media holding due to a debt of 55 million rubles and included this amount in the register of creditors' claims.

The "expert" at this time is managed by Tatyana Gurova, the wife of a member of the public chamber Valery Fadeev. "Expert" asks the bank to forgive part of the debt, but the bank refuses.

2018

On July 6, 2018, Transcapitalbank (TKB) disclosed new owners of the bank's shares. They were the companies DAK (the share in the votes is 8%), Liberty 1 (9.9%), Tamler (increased the share from 1.8% to 9.99%), Centralia (from 1.1% to 9.99%) and Elkrip (from 1.8% to 9.3%), the bank's documents say.

2014: Blocking a customer's currency transfer due to US sanctions

Nikolay Kuznetsov in 2014 decided to transfer almost $616,000 from Transcapitalbank, where he had a deposit, to his father's account at Mosoblbank, but the money was never received. He began to understand what had happened and found out that the currency transfer was going through a bank account in the United States, and the money was blocked there at the direction of the Office of Foreign Assets Control of the US Treasury, since Mosoblbank was under US sanctions. Kuznetsov began to sue Transcapitalbank in Russia, demanding that he return the money and indicating that the funds were blocked due to the fault of this bank, since the bankers knew about the sanctions. The Moscow City Court considered the sanctions "force majeure circumstances" that exempted the bank from liability.

After that, Kuznetsov began correspondence with the Treasury and the US presidential administration, as well as with the American bank with requests to return his money, and as a result, two years later the bank agreed to transfer them to his account in London, after which he transferred them to Russia.

However, in 2017, the Russian tax service opened an administrative case against Kuznetsov for committing illegal foreign exchange transactions. The agency considered that he, bypassing his accounts in Russia, transferred money from an American bank to English, and sentenced him to a fine of 31 million rubles.

In May 2021, the Constitutional Court accepted for consideration the complaint of the citizen Nikolay Kuznetsov fined 31 million rubles due to US sanctions for currency transfer and will check for compliance with the constitution of the law, because of which such punishment became possible.

2009

Transcapitalbank is one of the country's stable financial institutions. In terms of assets and equity, it is confidently among the 100 largest banks in Russia. The rating agency Moody's Investors Service in June 2009 confirmed Transcapitalbank's long-term rating on the national scale - A1.ru, the international long-term rating on foreign currency deposits - B1/NP and the rating of unsecured debt obligations in foreign currency B1. The financial stability rating is at the E + level. The forecast for all ratings on the international scale is "stable."

Transcapitalbank positions itself as a regional bank and is represented by 68 sales offices in 17 constituent entities of the Russian Federation.