REG-TCS Group Holding PLC TCS Group Holding PLC: Tinkoff announces the launch of Tinkoff Capital management company

TCS HoldingAnnouncement

06/06/2019 11:50

============

   TCS Group Holding PLC (TCS)
   TCS Group Holding PLC: Tinkoff announces the launch of Tinkoff Capital
   management company

   06-Jun-2019 / 13:49 MSK
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

   ══════════════════════════════════════════════════════════════════════════

   Tinkoff announces the launch of Tinkoff Capital management company

   Limassol, Cyprus - 6 June 2019. Tinkoff will start its own management
   company Tinkoff Capital, which is slated to begin operations in the fourth
   quarter of 2019. The news was announced today by Oliver Hughes, Chairman
   of Tinkoff Bank's Management Board, as part of The Retail Investor as a
   Driver of the Stock Market panel discussion at the St. Petersburg
   International Economic Forum.  

   At the initial stage, Tinkoff Capital will offer customers Tinkoff's own
   ETFs - a simple and transparent line of products for investors without
   interval funds or closed-end funds.  

   Tinkoff Capital customers will be able to manage their assets fully
   online. ETFs can be bought and sold and customer service will be delivered
   in the Tinkoff Investments mobile app or at Tinkoff.ru. At any given
   moment, customers will be able to view an ETF's structure, assets in the
   portfolio, and check financial position of any companies in their
   allocation and more. This strategy will entirely eliminate the so-called
   black box effect, when asset manager customers are unaware of the
   composition and status of their investment portfolios.  

   Buying an ETF in the Tinkoff Investments mobile app can be done with only
   several clicks. Upon completing the transaction, the asset appears in the
   customer's investment portfolio. Selling a security is just as quick and
   easy, with money instantly credited to the customer's bank card.

   Other benefits of Tinkoff Capital include:

     • opportunity to buy assets in both Russian roubles and US dollars;
     • diversified long-term portfolios (based on asset classes and
       instruments within those classes);
     • access to investment instruments that are not easily available, such
       as Eurobonds of Russian issuers;
     • strong liquidity;
     • one of the lowest entry investment requirements (starting from RUB
       50);
     • competitive fees.

   Oliver Hughes, Chairman of the Management Board, Tinkoff Bank: "Tinkoff
   Capital offers a game-changing approach to management company operations,
   based on maximum transparency and trust. Our proposition has two main
   advantages such as the use of advanced technologies, with all options
   available on your smartphone, and 100% asset management transparency.
   Customers of Tinkoff Capital will be able to control all processes
   themselves, with no need to visit our office, engage agents or go through
   other complicated procedures when buying or selling ETFs". 

    

   Contact details:

   Tinkoff

   Alexander Leonov
   +7 495 648 1000 (ext. 35-738)

    1 media@tinkoff.ru

    

   About the Group

   TCS Group Holding PLC is an innovative online provider of retail financial
   services operating in Russia based on a high-tech platform for online
   customer service. The Group includes mobile virtual operator Tinkoff
   Mobile, Tinkoff Insurance, and Tinkoff Software DC, a network of
   development hubs across Russia.

   The Group was founded back in 2006 by a Russian entrepreneur Oleg Tinkov
   and has been listed on the London Stock Exchange since October 2013.

   The Group does not have any retail offices: it services customers remotely
   via online channels and the call centre, and operates a network of over
   2,500 representatives to ensure smooth delivery of its products. The
   network covers the entire Russia and enables next day delivery to most
   customers.

   The Group's core business is Tinkoff Bank, Russia's first only-only bank
   offering both in-house and partner retail financial services via
   Tinkoff.ru. 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 apps both for its customer base (Mobile Bank) and beyond it
   (Traffic Fines, MoneyTalk, Card 2 Card instant money transfers).

   As at 1 April 2019, Tinkoff Bank was the second leading player in the
   Russian credit card market, with a market share of 12.4%. The 1Q19 IFRS
   net income of TCS Group Holding PLC amounted to RUB 7.2 bn, ROE stood at
   64.4%.

   Banki.ru, Russia's leading financial news portal, named Tinkoff Bank the
   Bank of the Year 2016. In October 2016, Tinkoff Bank was named the world's
   largest independent online-only 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. In 2016, Tinkoff Bank was named the
   Best Digital Bank in the CEE by Euromoney. The bank's mobile app 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 in 2013-2016.

   ══════════════════════════════════════════════════════════════════════════

   ISIN:          US87238U2033
   Category Code: MSCM
   TIDM:          TCS
   LEI Code:      549300XQRN9MR54V1W18
   Sequence No.:  9298
   EQS News ID:   820669


    
   End of Announcement EQS News Service

   ══════════════════════════════════════════════════════════════════════════

    2 fncls.ssp?fn=show_t_gif&application_id=820669&application_name=news&site_id=reuters8

References

   Visible links
   1. mailto:media@tinkoff.ru


============