Question 1

What is TelePort Bank?

Accepted Answer

TelePort Bank is a Russian commercial bank with a basic license headquartered in Moscow. The bank provides standard banking services to both corporate and retail clients, with authorization to conduct operations in rubles, foreign currencies, and precious metals.

The bank holds registration number 1052 with the Bank of Russia and operates with an authorized capital of approximately 1.05 billion rubles as of July 2024.

Question 2

When was TelePort Bank founded?

Accepted Answer

TelePort Bank was originally registered by the Bank of Russia on December 3, 1990, making it one of the earlier commercial banks established during Russia's transition to a market economy. The bank was formally reorganized and registered as a joint-stock company on June 1, 2007, under the name TelePort Bank.

The bank joined the deposit insurance system in October 2013, providing government-backed protection for retail depositors. In July 2015, the bank changed its organizational-legal form from a closed joint-stock company (ZAO) to an open joint-stock company (AO).

Question 3

Where is TelePort Bank headquartered?

Accepted Answer

TelePort Bank's headquarters is located in Moscow at 1 Mytnaya Street, Building 1, Floor 2, Room I, in the Yakimanka municipal district. The postal code is 119049.

Question 4

Where does TelePort Bank operate?

Accepted Answer

TelePort Bank operates from its Moscow headquarters. The bank primarily serves clients in Moscow and surrounding areas, maintaining a concentrated presence in the Russian capital region where it provides banking services to individual and corporate customers.

Question 5

What services does TelePort Bank offer?

Accepted Answer

TelePort Bank provides a comprehensive range of banking services including:

Deposit Services: Accepting deposits from individuals and legal entities in rubles, foreign currencies, and precious metals (excluding coins) for demand and term deposits.

Lending Services: Providing credit facilities and placing attracted deposit funds from individuals and legal entities.

Payment and Settlement Services: Opening and maintaining bank accounts for individuals and legal entities in rubles and foreign currencies, money transfers with and without opening bank accounts, including electronic money transfers, and incasso services.

Foreign Exchange Services: Purchase and sale of foreign currency in cash and non-cash forms.

Precious Metals Operations: The bank is licensed to conduct operations with precious metals, including opening and maintaining accounts in precious metals (excluding coins), accepting precious metals on deposit, and providing placement services for precious metals.

Digital services include mobile applications and online banking platforms for convenient account management.

Question 6

What makes TelePort Bank unique?

Accepted Answer

TelePort Bank is distinguished by holding a basic license with precious metals authorization, which is relatively uncommon among basic license banks in Russia. This allows the bank to offer specialized services in precious metals operations that many similarly-sized banks cannot provide.

The bank also operates under the brand "MTI Bank" for certain services, as evidenced by its registered trademarks. This dual-brand strategy allows the bank to position different service offerings in the market.

Question 7

What type of financial institution is TelePort Bank?

Accepted Answer

TelePort Bank is a bank with a basic license with precious metals authorization (банк с базовой лицензией) in Russia. The basic license category, introduced by the Bank of Russia in 2017, allows banks to conduct standard banking operations with certain restrictions compared to universal license holders.

However, TelePort Bank's license specifically includes authorization to conduct operations with precious metals, which extends beyond the typical basic license permissions. The bank operates as a joint-stock company (акционерное общество) and is a participant in the Russian deposit insurance system.

TelePort Bank

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About TelePort Bank in Russia