Company News

13 July 2016

MTBank - Dukascopy Bank partnership

Dukasop Bank is pleased to announce the launch of a new white-label partnership with one of the leading banks in the Republic of Belarus – CJSC "MTBank". A press conference on the official launch of the new service under the brand MTBankFX was held in Minsk yesterday, July 12, 2016.

Since 2015 the forex trading activity in Belarus has received an official legal basis and is now regulated by the National Bank of the Republic of Belarus. Dukascopy Bank's trading technology became the first forex platform which successfully passed the inspection by the National Bank of the Republic of Belarus and the National Forex Center. It is in compliance with all necessary requirements for the implementation of activities in the OTC forex market of Belarus.

Thanks to this new white-label partnership, the clients of MTBank will be able to use trading platforms of Dukasopy Bank, liquidity and order execution of the SWFX system of Dukascopy Bank, under Belarusian jurisdiction.

Deputy Chairman of the Board of MTBank, Igor Bychek commented on the bank's decision to step in this activity:
"The situation has changed due to a change in legislation. Over the years we observed the market: we communicated with customers, experts and received a response from the market - in Belarus there are people who want to get and use Forex to invest in this risky market."
Laurent Bellieres, Chief Financial Officer and Chief Risk Officer of Dukascopy Bank : "Dukascopy Bank is very honored of providing its online and mobile trading solutions to MTBank, one of the main and most popular banks in Belarus. Dukascopy's trading system was the first to be accepted by the Central Bank and Belarusian Currency & Stock Exchange, to which the Central Bank delegated the software certification process".

CJSC "MTBank" was founded in 1994 and in recent years is one of the rapidly developing banks in the Republic of Belarus. MTBank is known for its innovative products brought to the market. Currently MTBank offers a wide range of universal retail banking products out of 127 offices across Belarus.
 



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