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REG-TCS Group Holding PLC TCS Group Holding PLC announces plans to invest in new fintech project in Europe

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   TCS Group Holding PLC (TCS)
   TCS Group Holding PLC announces plans to invest in new fintech project in
   Europe

   06-Feb-2020 / 12:00 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 announces plans to invest in new fintech project  in
   Europe

    

   Limassol, Cyprus - 06 February 2020. TCS Group Holding PLC (LI: TCS, MOEX:
   TCSG) ("Tinkoff" or  the "Company"), Russia's  leading provider of  online
   financial  and  lifestyle  services  via  its  Tinkoff  ecosystem,   today
   announces plans to invest  in a new  venture project to  set up a  fintech
   company providing  a  range of  services  to retail  customers  in  Europe
   (excluding CIS). The startup will offer non-credit financial products. 

    

   The project is due  to launch in  2020, with the Company  as its key  seed
   investor. The Company will have a controlling interest in the new venture.
   The Company's initial  commitment is  up to Euro  25 million  and will  be
   contributed in tranches as the venture develops.

    

   To focus on  the new  project, Artem  Yamanov, Senior  Vice President  and
   Business Development Director, Tinkoff  Bank, and Alexander Emeshev,  Vice
   President for New Products Development, Tinkoff Bank, will be winding down
   the activities in their current roles  at Tinkoff Bank. Both are  founders
   of the new venture and will be co-investors.

    

   There will be changes  in the Tinkoff Management Team  as a result of  the
   launch of this venture.  Stanislav Bliznyuk (formerly  COO) has taken  the
   role of SVP, Head of Business  Development from Artem Yamanov at  Tinkoff.
   Pavel Khristolyubov has joined Tinkoff Group in January 2020 as COO. 

    

   For enquiries:
                                  Tinkoff
   Tinkoff
                                  Larisa Chernysheva
   Artem Lebedev                  IR Department
   PR Department
                                  + 7 495 648-10-00 (ext. 2312)
   + 7 495 648-10-00 (ext. 2202)
                                  Neri Tollardo
   Alexandr Leonov
                                  +44 7741 078383
   + 7 495 648-10-00 (ext. 35738)
                                   2 ir@tinkoff.ru
    1 pr@tinkoff.ru
                                   

   TCS Group Holding PLC

   TCS Group Holding PLC is an innovative provider of online retail financial
   services. It includes Tinkoff Bank, mobile virtual network operator
   Tinkoff Mobile, Tinkoff Insurance, 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 and on the Moscow Exchange.

   The Group's key business is Tinkoff Bank, a fully online bank that serves
   over 10 mn customers and forms the core of the Tinkoff ecosystem.

   Tinkoff Bank is the second largest player in the Russian credit card
   market, with a share of 13.2%. The 9M 2019 IFRS net income of TCS Group
   Holding PLC amounted to RUB 25.1 bn. The ROE was 59%.

   With no branches, the Group serves all its customers remotely via online
   channels and a cloud-based call centre. To ensure smooth delivery of the
   Group's products, the Group has a proprietary nationwide network of
   representatives.

   In 2018, Global Finance named Tinkoff Bank the world's Best Consumer
   Digital Bank, in 2019, 2018, 2016 and 2015, the Best Consumer Digital Bank
   in Russia, and in 2019, the Best Consumer Digital Bank in Central and
   Eastern Europe. In 2017 and 2013, the Banker recognised Tinkoff Bank as
   the Bank of the Year in Russia. The bank's mobile app has consistently
   received top industry ratings and awards (in 2013, 2014, 2015, 2016 by
   Deloitte and in 2018 by Global Finance). 

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   ISIN:          US87238U2033
   Category Code: MSCH
   TIDM:          TCS
   LEI Code:      549300XQRN9MR54V1W18
   Sequence No.:  44960
   EQS News ID:   969199


    
   End of Announcement EQS News Service

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    3 fncls.ssp?fn=show_t_gif&application_id=969199&application_name=news&site_id=refinitiv

References

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


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