TransCreditBank, which provides services to Russia's railroad monopoly Russian Railways (RZD), expects to raise its market capitalization to $2-2.5 billion by mid-2009, Sergei Pushkin said.
Russian banks are thought to be heavily undercapitalized and in need of funds to compete with Western firms.
TransCreditBank, which is on a list of Russia's top thirty banks, would like to offer shares in Russia but could also hold an IPO on international stock exchanges, given insufficient domestic demand, Pushkin said.
An IPO campaign will require consolidation of the bank's subsidiaries by mid-2008 while preparations for the share offering will take another 6-9 months, Pushkin said.
TransCreditBank earlier said its pre-tax profit grew 180% year on year in 2006 to 2.81 billion rubles (about $106.8 million).
TransCreditBank Vice-President Oleg Panarin said the bank also intends to float a debut $200 mln three-year Eurobond issue.
"We plan to hold a bond roadshow in the second ten-day period of April and will complete the placement before early May," Panarin said.
