"MTS-bank" enters partnership with mobile operator.

According to Elena Voronina, the network offices "MTS-bank" now stands at 160 points. By the end of 2012 is planned to start lending products in all four thousand points of sale cellular MTS. Just this year, plans to open 200 new outlets, "MTS-bank" that will be compatible with mobile phones. By 2016, total bank network and service provider will need to count more than 5000 sales outlets. This suggests that the bank plans to enter the first line in the ranking of banks in Russia. The sharp increase in business of course would require a corresponding increase in equity of the bank - at the expense of profit and of course the expense of investors.
According to chairman "MTS-bank" Andrew Shlyakhova that the change of the name of the bank is only just the beginning of the rebranding of the bank. The newest development strategy provides for the extension line of banking products. Also, it is reported that the introduction of new IT-technologies will require investment of more than $ 60 million.