REG - TCS Grp Hldg PLC - Change of Registered Office <Origin Href="QuoteRef">TCSq.L</Origin>

TCS HoldingAnnouncement

10/03/2016 08:10

RNS Number : 6528R
TCS Group Holding PLC
10 March 2016
TCS Group Holding PLC 
Change of Registered Office
Moscow, Russia - 10 March 2016. TCS Group Holding PLC (TCS LI) (the "Group"), Russia's leading provider of online retail financial services, including Tinkoff Bank and Tinkoff Insurance, announces that its registered office has changed to 2nd Floor, Sotiri Tofini 4, Agios Athanasios, Limassol 4102, Cyprus with immediate effect.
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, Card2Card 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 RUB1.9bn.
As at 1February 2016, the bank was the second largest player in the Russian credit card market, with a market share of 8.4%. As at 1March 2016, the bank issued over 5.7mcredit cards. The bank is well capitalised: its CBR N1 total capital ratio stood at 11.8% as at 1February 2016.
In 2015, the Global Finance magazine named TinkoffBank as the Best Internet Retail Bank inRussia. 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. 

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