Tinkoff plans to create a subsidiary bank in the Philippines

Tinkoff Bank plans to apply to the Central Bank of the Republic of the Philippines for a digital bank license through the creation of a subsidiary credit organization, follows from the bank's materials following the meeting of the Board of Directors. Georgy Chesakov is authorized to “represent the interests of the bank when applying to the Central Bank of the Republic of the Philippines for a digital banking license by establishing a subsidiary credit organization in the territory of the Republic of the Philippines.”

Also, the board of directors approved the share capital subsidiary in the territory of the Republic of the Philippines in the amount of 2 billion Philippine pesos.