29 Apr 2016 12:00
TCS Group Holding PLC
TCS Group Holding PLC Issues 2015 Annual Report
Moscow, Russia - 29 April 2016. TCS Group Holding PLC (TCS LI) (the "Group"), Russia's leading provider of online retail financial services, including Tinkoff Bank and Tinkoff Insurance, today announces the publication of its Annual Report for the year ended 31 December 2015.
A copy of the Annual Report has been submitted to the Financial Conduct Authority in the United Kingdom via the National Storage Mechanism and will be available for inspection shortly at www.morningstar.co.uk/uk/nsm
The Annual Report is also available on the Group's website at https://www.tinkoff.ru/eng/investor-relations/results-and-reports/301/541/
For enquiries: | ||
Tinkoff Bank Darya ErmolinaHead of PR + 7 495 648-10-00 (ext. 2009) d.ermolina@tinkoff.ru
| Tinkoff Bank Larisa Chernysheva IR Department + 7 495 648-10-00 (ext. 2312) ir@tinkoff.ru
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FTI Consulting Elena Kalinskaya/Leonid Fink +44 (0) 020 3727 1000 tcsgroupholding@fticonsulting.com
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About the Group
TCS Group Holding PLC is an innovative provider of online retail financial services operating in Russia through a high-tech branchless platform. In order to support its branchless platform, the Group has also developed a "smart courier" network covering almost 600 cities and towns in Russia which allows next day delivery to many customers.
Tinkoff Bank's product range includes credit, debit and prepaid cards, deposits, co-branded cards, and agent-based mortgage products. With its special focus on mobile business, the bank offers mobile applications both for its customer base (Mobile Bank) and beyond it (Traffic Fines, MoneyTalk, Card 2 Card instant money transfers).
As per its five-year strategy, the Group has the ambition to become a financial marketplace offering both own brand and partner products.
The 2015 IFRS net income of the Group amounted to RUB 1.9 bn.
As at 1 April 2016, the bank was the second largest player in the Russian credit card market, with a market share of 8.7%. As at 1 March 2016, the bank issued over 5.7 m credit cards. The bank is well capitalised: its CBR N1 total capital ratio stood at 11.8% as at 1 February 2016.
In 2015, the Global Finance magazine named Tinkoff Bank as the Best Internet Retail Bank in Russia. In 2013, Tinkoff Bank was recognised as the Bank of the Year and the most profitable bank in Russia by the Banker magazine, the world's premier banking and finance resource, published by the Financial Times Group.