OREANDA-NEWS. Russia's TransCreditBank is considering the possibility of selling a stake of up to 10% to either the European Bank for Reconstruction and Development (EBRD) or the International Finance Corporation (IFC), the World Bank's investment arm, TransCreditBank first vice president Alexei Krokhin told journalists in Thursday.

"No concrete decisions on this issue have been passed, but the bank's executive council has discussed this possibility, and consultations have been held with the EBRD and the IFC on this topic", he said. Krokhin said an additional share issue the bank is planning to issue would result in its equity rising by 5 billion rubles. By the time of the placement, Russian Railways (RZD) will have already received the government's 75% stake in the bank. RZD and its affiliates will then buy back the additional share issue.