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TCS Group Holding PLC (TCS)
Tinkoff Bank launches loans to SMEs
06-Aug-2018 / 17:39 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 Bank launches loans to SMEs
Moscow, Russia - August 6, 2018. TCS Group Holding PLC (TCS LI) (the
"Group"), Russia's leading digital provider of financial and lifestyle
products and services, announces that its Tinkoff Business unit is
expanding the range of services it offers to small and medium-sized
businesses and launching loans for companies and entrepreneurs.
Since its launch in 2016, Tinkoff Business has built a highly successful
SME ecosystem with attractive tariff plans, a full range of services for
cash and settlement management, accounting, payroll projects, trade
acquiring, Internet Acquiring, POS-crediting and bank guarantees for
participants in public procurement. Now, Tinkoff Business will also offer
three types of loans to SME customers: all-purpose loans, overdraft and
revolving credit.
These SME lending services will take advantage of Tinkoff Bank's
award-winning mobile application and website, giving Russian entrepreneurs
access to fast loans with just a couple of clicks within their personal
account and no additional conditions.
Fedor Bukharov, head of Tinkoff Business, commented:
"Tinkoff Business is one of the largest drivers of the Group's
fee-and-commissions revenue, and is growing by over 90 thousand new
customers per quarter. The launch of lending to SMEs is the next big step
in scaling up our SME business line. We understand the needs of our
customers and aim to give them a full range of services to help them
quickly resolve key business issues."
Contacts:
Tinkoff Bank
Darya Ermolina
Head of PR
+ 7 495 648-10-00 (ext. 2009)
media 1 @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.
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ISIN: US87238U2033
Category Code: PRL
TIDM: TCS
LEI Code: 2534000KL0PLD6KG7T76
Sequence No.: 5838
EQS News ID: 711181
End of Announcement EQS News Service
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References
Visible links
1. mailto:media@tinkoff.ru
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