Banco CTT was registered on August 24, 2015 as a 100%-owned subsidiary of CTT (Correios de Portugal). Banco CTT will be focused on mass-market products prodiving simple and competitive products. The operations will be supported in local offices of CTT, leveraging its nationwide coverage and extensive experience in providing financial services and via online and mobile channels.
Becoming a client of BANCO CTT, SA can be done in a few steps:
Due to regulatory requirements BANCO CTT, SA performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual BANCO CTT, SA will ask him/her to provide the following documents: passport; proof of address; employment details. For corporate clients BANCO CTT, SA will ask to provide corporate documentation as well as information about controlling persons. BANCO CTT, SA may request additional documentation or information depending on the case. BANCO CTT, SA performs client's identity verification via branch visit.
In 2019 total assets of BANCO CTT, SA were 1 665,88 mln EUR. In 2019 the bank's net income was -8,01 mln EUR. BANCO CTT, SA had 218 employees in 2019.
BANCO CTT, SA participates in the deposit guarantee scheme of Portugal. This deposit guarantee scheme applies to current accounts, savings accounts, time deposit accounts made by natural persons, legal entities and covers up to up to 100,000 EUR per bank per depositor. BANCO CTT, SA is a member of Fundo de Garantia de Depósitos (FGD) and makes its contributions into it.
BANCO CTT, SA is headquartered in LISBOA.