Tinkoff allows investors to give away shares as a gift before Russian Christmas
“That way, they can make the recipient part-owner of the business, whether it’s a Russian retailer of children’s goods, Detsky Mir, Apple or Harley Davidson. The owner can then decide to sell his shares or invest in his future growth.
Tinkoff introduced the ‘Gift Now’ button on its trading platform as stock donation services become all the rage ahead of Russian Christmas, which is January 7, 2022.
Tinkoff Invest is the Bank’s online brokerage portal, providing clients with an inexpensive and transparent platform to invest in a range of securities, including Russian and international stocks.
Press the “Give now” button
Tinkoff Investments is the second largest retail investment platform in Russia and one of the fastest growing. The premium account offers extended access to more than 10,000 securities from issuers in 30 countries (ETFs, stocks, bonds, etc.).
The Russian broker now allows users to gift shares by pressing the “Give now” button on the relevant share page in the Tinkoff Investments mobile app, specifying the number of shares and selecting the recipient’s phone number.
Eligible financial instruments include those available to unqualified investors, who have not yet passed the Bank of Russia’s mandatory test for trading complex financial instruments, such as stocks, bonds and / or stocks. exchange-traded funds (ETFs).
Dmitry Tarasov, Head of Investment Services Development and Promotion at Tinkoff Investments, said: “Instead of offering an item the recipient may never use, customers can now gift manufacturer stock. of the article or an action in any company. In this way, they can make the recipient part owner of the business, whether it is a Russian retailer of children’s goods, Detsky Mir, Apple or Harley Davidson. The owner can then decide to sell his shares or invest in his future growth.
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Tinkoff promotes financial literacy in Russia
Tinkoff Investments is a subsidiary of Tinkoff Bank, founded in 2006 and currently serving 16.7 million clients. The Russian broker recently launched Investment Academy, a nationwide educational initiative aimed at boosting the financial literacy of the population.
Investment Academy will serve as an aggregator of the many financial courses and investment education programs available in Russia, including financial education initiatives, exclusive Tinkoff Investments courses, and content provided by Tinkoff’s strategic partners.
The educational material covers the stock market, financial instruments, capital management, macroeconomics and analysis and the content will be presented in the form of podcasts, video lessons and other formats.
The initiative was launched as part of Tinkoff Investments’ ESG strategy to increase the financial literacy of the Russian population.