Romania
Russia
Q4/2005
TBIF acquired 50% in Arka Finance, a regional consumer finance provider, based in Novosibirsk.
Q1-Q3/2006
Arka Finance spread its activity to 17 regions of Russia.
Q4/2006
TBIF increased its share, acquired directly and through Arka Finance, in Bank Regional Credit to 88%.
Q1/2007
TBIF started the merger of its Russian operations with Sovcombank to form a pan Russian retail and consumer finance bank.
Q2/2007
TBIF Financial Services BV increased its share in ARKA Finance up to 99.9%.
TBIF acquired through ARKA Finance 98.86% of Bank Regional Credit.
Q3/2007
TBIF purchased 50% of share capital of Sovcombank, at the same time selling in block ARKA & BRC shares to Sovcombank.
Q1/2008
Sovcom acquired Credit Island, a consumer finance franchise in the Far East
Q2/2008
TBIF increased its stake in Sovcom to 63.5%.
Q4/2008
In Forbes annual survey, Sovcombank was ranked among Top 100 credit institutions in Russia.