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TCS Group Holding PLC (TCS)
TCS Group Holding PLC Holds Strategy Day in London
07-Jun-2018 / 11:14 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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TCS Group Holding PLC Holds Strategy Day in London
Moscow, Russia - 7 June 2018. TCS Group Holding PLC (TCS LI) (the
"Group"), Russia's leading digital provider of financial and lifestyle
products and services, including Tinkoff Bank, holds a Strategy Day for
analysts and investors today in London.
The Strategy Day will feature presentations from Oleg Tinkov, the
Group's Founder and Controlling Shareholder and Oliver Hughes, CEO and
other top executives. Tinkoff management team will share their vision for
making 1 www.tinkoff.ru and its award-winning mobile app the top
destination for all lifestyle spending.
Oleg Tinkov, the Group's Founder and Controlling Shareholder, commented:
"We look forward to showcasing our experienced management team, who are
driving our ambitious growth strategy and whose innovative approaches have
made Tinkoff the leading player in the Russian fintech space today.
Oliver Hughes, CEO of Tinkoff Bank, commented:
"As a tech company with a banking license, we are perfectly positioned to
continue to increase our customer base and their engagement by offering a
wider array of financial and lifestyle products to fulfil our customers
every spending need.
"The Russian market is unique in that it offers the second-highest
internet penetration rate and the number of smartphones and online
payments continues to rise steadily. Since the start of the year, our
mobile app has seen monthly active users (MAU) grow by over 45% to reach
more than 2.5 million MAU, while app usage has risen over 65% to over 30
million sessions per month.
"We will remain a 100% digital bank with off-line fulfilment capability,
enabling us to scale up quickly and easily. At the same time, we will
utilise our in-house tech talent and extensive data to offer our own and
our partners' products and services in a highly targeted way to capture
new market share in the SME, premium and investment account segments."
A copy of the presentation is available on the Group's website at
2 https://www.tinkoff.ru/eng/investor-relations/results-and-reports/164/.
For enquiries:
Tinkoff Bank
Tinkoff Bank
Larisa Chernysheva
Darya Ermolina IR Department
Head of PR
+ 7 495 648-10-00 (ext. 2312)
+ 7 495 648-10-00 (ext. 2009)
4 ir@tinkoff.ru
3 d.ermolina@tinkoff.ru
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. TCS
Group includes Tinkoff Bank, mobile virtual operator network Tinkoff
Mobile, Tinkoff Insurance, and Tinkoff Software DC, a network of
development hubs across Russia.
The Group was founded in 2006 by the Russian entrepreneur Oleg Tinkov and
has been listed on the London Stock Exchange since October 2013.
With no retail branches, the Group serves its customers remotely via
online channels and its call centre and operates a network of over 2,500
representatives to ensure smooth delivery of its products. The network
covers all of Russia and allows next day delivery to most customers.
The Group's key business is Tinkoff Bank, Russia's first and only direct
bank offering both own brand and partner retail financial services via its
Tinkoff.ru platform. The product range includes daily banking (credit and
debit cards, payments, money transfers), savings, investments, loyalty
programmes, travel services, SME services, mortgage platform, and
insurance. 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 at 1 May 2018, the bank was the second largest player in the Russian
credit card market, with a market share of 11.7%. The 1Q18 IFRS net income
of TCS Group Holding PLC amounted to RUB 5.7 bn, ROE grew to 68.5%.
Banki.ru, Russia's largest financial news portal, named Tinkoff Bank the
Bank of the Year 2016. In October 2016 Tinkoff Bank was named the largest
independent global direct bank by Frost & Sullivan. In 2015 and 2016, the
Global Finance magazine named Tinkoff Bank as the Best Consumer Digital
Bank in Russia. In 2016, the bank also won Global Finance's Best
Integrated Consumer Bank Site award and was named the Best Digital Bank in
the CEE by Euromoney. The bank's mobile application was recognised as the
best in Russia by Markswebb Rank & Report for three consecutive years in
2014, 2015 and 2016, and by Deloitte for four consecutive years from 2013
to 2016.
Forward-looking statements
Some of the information in this announcement may contain projections or
other forward-looking statements regarding future events or the future
financial performance of the Group and Tinkoff Bank. You can identify
forward looking statements by terms such as "expect", "believe",
"anticipate", "estimate", "intend", "will", "could," "may" or "might", the
negative of such terms or other similar expressions. The Group and Tinkoff
Bank wish to caution you that these statements are only predictions and
that actual events or results may differ materially. The Group and Tinkoff
Bank do not intend to update these statements to reflect events and
circumstances occurring after the date hereof or to reflect the occurrence
of unanticipated events. Many factors could cause the actual results to
differ materially from those contained in projections or forward-looking
statements of the Group and Tinkoff Bank, including, among others, general
economic conditions, the competitive environment, risks associated with
operating in Russia, rapid technological and market change in the
industries the Group operates in, as well as many other risks specifically
related to the Group, Tinkoff Bank and their respective operations.
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ISIN: US87238U2033
Category Code: MSCM
TIDM: TCS
LEI Code: 549300XQRN9MR54V1W18
Sequence No.: 5624
EQS News ID: 693295
End of Announcement EQS News Service
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References
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3. mailto:d.ermolina@tinkoff.ru
4. mailto:ir@tcsbank.ru
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