Tinkoff Bank: Acquire a portion of the credit card portfolio from OTP Bank

0
299
tinkoff-bank-acquire-a-portion-of-the-credit-card-portfolio-from-otp-bank

Tinkoff Bank: Acquire a portion of the credit card portfolio from OTP Bank

  • Tinkoff and OTP Bank agreed to transfer the rights on the loan agreements of OTP Bank’s clients, opened within the online project of Touch Bank
  • Acquiring a share of OTP Bank’s credit card portfolio will allow Tinkoff Bank to increase its loan portfolio
  • As part of the transfer customers will receive a new contract number in Tinkoff Bank
  • To pay the current credit card debt, OTP Bank clients can use the new Tinkoff contract number or the old OTP Bank details
  • If the clients of OTP Bank already have a Tinkoff bank card, they can transfer the debt to it
  • Tinkoff Bank is the first and only fully online bank in Russia serving about 8.5 million customers