About Telenor Bank
Telenor Bank is a company based in Belgrade (Serbia) founded in 2014 was acquired by PPF Group in June 2018.. Telenor Bank offers products and services including Foreign Currency Account, Bank Account Opening, and Dedicated Account. Telenor Bank operates in a competitive market with competitors including UniCredit, Scotiabank, UniCredit Bank, AIK Bank and Banca Intesa, among others.
- Headquarter Belgrade, Serbia
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Products & Services of Telenor Bank
Telenor Bank offers a comprehensive portfolio of products and services, including Foreign Currency Account, Bank Account Opening, and Dedicated Account. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Account for managing finances in different currencies for individuals.
Service to open new accounts with required documentation and procedures.
Specialized account for specific financial purposes and restrictions.
Funding Insights of Telenor Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Telenor Bank
Telenor Bank has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include PPF Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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PPF Group is engaged in international investment across diverse sectors.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Telenor Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Telenor Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Telenor Bank Comparisons
Competitors of Telenor Bank
Telenor Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UniCredit, Scotiabank, UniCredit Bank, AIK Bank and Banca Intesa, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Commercial bank
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Commercial banking services are provided internationally by Scotiabank.
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Commercial banking services are provided in Serbia.
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Offers accounts, credits, savings, and digital banking services in Serbia.
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Offers financial accounts, loans, credit cards, investments, and digital banking services.
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Commercial banking services are provided to clients in Kosovo.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Telenor Bank
Frequently Asked Questions about Telenor Bank
When was Telenor Bank founded?
Telenor Bank was founded in 2014.
Where is Telenor Bank located?
Telenor Bank is headquartered in Belgrade, Serbia.
Who is the current CEO of Telenor Bank?
Milos Brusin is the current CEO of Telenor Bank.
What does Telenor Bank do?
Telenor Bank was established in 2014 and is based in Belgrade, Serbia. Operations as a commercial bank are centered on financial services such as deposits, loans, and digital transactions for retail and corporate clients. The institution functions through its online domain, telenorbanka.rs, serving the local market. Leadership is provided by CEO Milos Brusin, with focus maintained on regional banking needs.
Who are the top competitors of Telenor Bank?
Telenor Bank's top competitors include Scotiabank, UniCredit and UniCredit Bank.
What products or services does Telenor Bank offer?
Telenor Bank offers Foreign Currency Account, Bank Account Opening, and Dedicated Account.
Who are Telenor Bank's investors?
Telenor Bank has 1 investor. Key investors include PPF Group.