REG-TCS Group Holding PLC TCS Group Holding PLC:

TCS HoldingAnnouncement

12/10/2021 11:40

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   TCS Group Holding PLC (TCS)
   TCS Group Holding PLC:

   12-Oct-2021 / 13:39 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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   Tinkoff included in the CBR list of systemically important banks

    

   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)
                                   2 ir@tinkoffgroup.com
    1 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).

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   ISIN:          US87238U2033
   Category Code: MSCM
   TIDM:          TCS
   LEI Code:      549300XQRN9MR54V1W18
   Sequence No.:  124084
   EQS News ID:   1240072


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:pr@tinkoff.ru
   2. mailto:ir@tinkoffgroup.com
	mailto:ir@tinkoffgroup.com


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