MOSCOW, Aug 23 (PRIME) -- The board of directors of Tinkoff Bank has decided to establish an affiliate on the Philippines, the bank said in a report on Monday.
The bank also plans to attain a license of a digital bank.
Capital is to amount to 2 billion Philippine pesos and will be split into 20 million common shares, 100 pesos each. The initial fully paid by Tinkoff Bank capital will stand at 1 billion pesos.
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