Touch Bank

Touch Bank is an online retail bank, an international project of OTP Group, a European financial group and one of the banking market leaders in Central and Eastern Europe, which started servicing Russian clients in spring 2015. Touch Bank operates under OTP Bank’s license and is regulated by the Russian law on credit institutions. In 2014, OTP Group invested over EUR 10 million in Touch Bank. The core of this amount was allocated to capital investments into development of cutting-edge IT solutions, as well as capital investments aimed at supporting the Bank’s operations and meeting regulatory capital requirements. The total investments amount to EUR 40 million. Touch Bank is an independent banking business with its own IT, financial, legal, and HR infrastructures. The headcount of the Bank’s Moscow office is over 250 employees. The online bank does not have offline branches. The main platform for interaction between the Bank and its client is the Internet and other interactive communication channels that enable execution of all types of operations round-the-clock, 24/7 with no queues, at any place and at any time. Financial services provided by Touch Bank represent monoline bank card-based products. These include deposits, loans, convenient top-ups, transfers, payments, and other options driving efficient personal finance management in real time. More information about Touch Bank products you will find on the website https://www.touchbank.com (currently in Russian language). Touch Bank operates in more than 100 cities all over Russia. Touch Bank’s Managing Director is Andrei Kozliar.

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