REG-TCS Group Holding PLC Tinkoff Bank launches loans to SMEs

TCS HoldingAnnouncement

06/08/2018 15:40

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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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