Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. TCS Group Holding PLC
  6. News
  7. Summary
    TCS   US87238U2033

TCS GROUP HOLDING PLC

(TCS)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Correction : Tinkoff included in the CBR list of systemically important banks

10/12/2021 | 08:51am EST

TCS Group Holding PLC (TCS) Correction: Tinkoff included in the CBR list of systemically important banks 12-Oct-2021 / 15:50 MSK Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

-----------------------------------------------------------------------------------------------------------------------

Tinkoff included in the CBR list of systemically important banks

-- Correct headline added

Moscow, Russia - 12 October 2021. Tinkoff Bank has been included into the Central Bank of Russia's list of 13 systemically important banks.

The decision was made based on a number of factors, including the strong growth of Tinkoff's business and customer base, the Bank of Russia said in a statement.

As of today, the CBR considers a total of 13 banking institutions to be systemically important; together they account for around 77% of the Russian banking sector's total assets.

Oliver Hughes, CEO of Tinkoff Group, said:

"The inclusion of Tinkoff Bank into the Central Bank of Russia's list of systemically important banks is a recognition of Tinkoff's role in the country's financial system and a coming of age. This has come about as a result of the strong development of our business and rapidly growing number of customers in our ecosystem. Tinkoff already meets CBR regulatory requirements for systemically important banks and this will not mean a change in strategy or in our plans to grow our customer base.

"While always remaining a fintech trail-blazer in spirit, in recent years we have become a high-profile and large player in the market. We already have over 17 million Russian citizens in our ecosystem and this number is growing by the day. Tinkoff is the third-largest bank in the country by the number of active retail customers. It is important to note that much of this growth comes from our customers' recommendations to friends and relatives, which is testament to the quality of our products and high level of service.

"Tinkoff is the world's first neobank to be named a systemically important financial institution. This is a fantastic success story and is the result of the team's innovation and tireless efforts over the past 15 years. It is hard to imagine that when we launched Tinkoff back in 2006, we were ranked bank number 822nd in Russia. Now we are among the largest, most systemically-important and reliable banks in the country.

"I would like to thank all our customers for recommending Tinkoff to their friends. And of course, a Big Thank You to the whole Tinkoff Team."

For enquiries: 
Tinkoff                        Tinkoff 
Artem Lebedev                  Larisa Chernysheva 
PR Department                  IR Department 
+ 7 495 648-10-00 (ext. 2202)  + 7 495 648-10-00 (ext. 2312) 
 
Alexandr Leonov                Andrey Pavlov-Rusinov 
                               + 7 495 648-10-00 (ext. 31010) 
+ 7 495 648-10-00 (ext. 35738) 
                               ir@tinkoffgroup.com 
pr@tinkoff.ru 
 

About Tinkoff Group

TCS Group Holding PLC is an innovative provider of online retail and SME financial services. It includes Tinkoff Bank, its mobile virtual network operator Tinkoff Mobile, Tinkoff Insurance, its asset management company Tinkoff Capital, Tinkoff Software DC, a network of development hubs in major Russian cities, and Tinkoff Education. The Group is currently developing Tinkoff ecosystem, which offers financial and lifestyle services.

The Group was founded in 2006 by Russian entrepreneur Oleg Tinkov and has been listed on the London Stock Exchange since October 2013.

The Group's key business is Tinkoff Bank, a fully online bank that serves over 16 mn customers and forms the core of the Tinkoff ecosystem. Tinkoff is the 3rd largest retail bank in Russia in terms of active client-base.

Tinkoff Bank is the second largest player in the Russian credit card market, with a share of 14.3%. The 2Q'21 IFRS net profit of TCS Group Holding PLC amounted to RUB 16.1 bn. The ROE was 46.1%.

With no branches, the Group serves all its customers remotely via online channels and a cloud-based call centre. The centre is staffed by over 10,000 employees, making it one of the largest in Europe. To ensure smooth delivery of the Group's products, the Group has a nationwide network of over 10,000 representatives.

Global Finance named Tinkoff Bank the world's Best Consumer Digital Bank in 2020 and 2018, and the Best Consumer Digital Bank in Russia in 2020, 2019, 2018, 2016 and 2015. Tinkoff was also named the Best European Retail Bank of the Year by Retail Banker International in 2020. In 2021, the Banker recognised Tinkoff Bank as Russia's Best-Performing Bank. The bank's mobile app has been consistently praised by local and global independent experts as the best of its kind (in 2013, 2014, 2015, 2016 by Deloitte and in 2018 by Global Finance).

-----------------------------------------------------------------------------------------------------------------------

ISIN:          US87238U2033 
Category Code: MSCM 
TIDM:          TCS 
LEI Code:      549300XQRN9MR54V1W18 
Sequence No.:  124104 
EQS News ID:   1240137 
 
End of Announcement  EQS News Service 
=------------------------------------------------------------------------------------
 

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1240137&application_name=news

(END) Dow Jones Newswires

October 12, 2021 08:50 ET (12:50 GMT)

All news about TCS GROUP HOLDING PLC
11/30Russia's Tinkoff Bank Commits To Net-Zero Emissions
MT
11/30TinkoffábecomesáRussia's firstáfinancial institution to join the Science Based Targets ..
EQ
11/26TCS Group Holding PLC acquired a 51% stake in Jump.Finance.
CI
11/24TCS Group Holding PLC reports record profit for the period in 3Q'21 and 9M'21
EQ
11/24TCS Group Holding PLC Provides Earnings Guidance for the Fiscal Year of 2021
CI
11/23TCS Group Holding PLC Reports Earnings Results for the Third Quarter and Nine Months En..
CI
11/19TCS Group Holding PLC Announces Results of 2021 AGM
EQ
11/19TCS : AGM Minutes – 19 November 2021
PU
11/11TCS GROUP HOLDING PLC : Notification of Q3 2021 IFRS Results and Conference Call
EQ
11/08Russia's Tinkoff Names Co-CEOs, CFO Amid Asia Expansion Plans
MT
More news
Analyst Recommendations on TCS GROUP HOLDING PLC
More recommendations
Financials (USD)
Sales 2021 1 897 M - -
Net income 2021 849 M - -
Net Debt 2021 - - -
P/E ratio 2021 20,7x
Yield 2021 -
Capitalization 17 660 M 17 660 M -
Capi. / Sales 2021 9,31x
Capi. / Sales 2022 7,52x
Nbr of Employees 25 970
Free-Float 78,7%
Chart TCS GROUP HOLDING PLC
Duration : Period :
TCS Group Holding PLC Technical Analysis Chart | TCS | US87238U2033 | MarketScreener
Technical analysis trends TCS GROUP HOLDING PLC
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 89,20 $
Average target price 96,15 $
Spread / Average Target 7,80%
EPS Revisions
Managers and Directors
Oliver Charles Hughes Co-Chief Executive Officer & Executive Director
Pavel Sergeyevich Fedorov Co-Chief Executive Officer & Director
Ilya Nikolaevich Pisemsky Chief Financial Officer
Constantinos Economides Chairman
Martin Robert Cocker Independent Non-Executive Director
Sector and Competitors