A new out-of-Moscow branch set up in Tambov
On 17 October 2008 Credit Bank of Moscow’s sixth regional branch started its operations in the City of Tambov. The number of CBM’s branches established in the Central Federal District is steadily growing having already covered almost half of the district. CBM has already gained a footing in Tula, Ryazan, Vladimir, Kursk and Lipetsk heading for Tver, Belgorod and Voronezh in the near future.
CBM is the only Russian bank focused on expansion into Central Russia which equals to Poland in population and to France in the area. The Bank’s expansion strategy lifted the total number of outlets to 54 which is planned to be enlarged by the end of 2008.
The new Tambov branch offers the entire range of the Bank’s core services for private and corporate customers including lease of individual safety deposit boxes.