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TCS Group Holding PLC (TCS)
TCS Group Holding PLC Holds Strategy Day in London
07-Jun-2018 / 11:14 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
TCS Group Holding PLC Holds Strategy Day in London
Moscow, Russia - 7 June 2018. TCS Group Holding PLC (TCS LI) (the "Group"),
Russia's leading digital provider of financial and lifestyle products and
services, including Tinkoff Bank, holds a Strategy Day for analysts and
investors today in London.
The Strategy Day will feature presentations from Oleg Tinkov, the Group's
Founder and Controlling Shareholder and Oliver Hughes, CEO and other top
executives. Tinkoff management team will share their vision for making
www.tinkoff.ru [1] and its award-winning mobile app the top destination for
all lifestyle spending.
Oleg Tinkov, the Group's Founder and Controlling Shareholder, commented:
"We look forward to showcasing our experienced management team, who are
driving our ambitious growth strategy and whose innovative approaches have
made Tinkoff the leading player in the Russian fintech space today.
Oliver Hughes, CEO of Tinkoff Bank, commented:
"As a tech company with a banking license, we are perfectly positioned to
continue to increase our customer base and their engagement by offering a
wider array of financial and lifestyle products to fulfil our customers
every spending need.
"The Russian market is unique in that it offers the second-highest internet
penetration rate and the number of smartphones and online payments continues
to rise steadily. Since the start of the year, our mobile app has seen
monthly active users (MAU) grow by over 45% to reach more than 2.5 million
MAU, while app usage has risen over 65% to over 30 million sessions per
month.
"We will remain a 100% digital bank with off-line fulfilment capability,
enabling us to scale up quickly and easily. At the same time, we will
utilise our in-house tech talent and extensive data to offer our own and our
partners' products and services in a highly targeted way to capture new
market share in the SME, premium and investment account segments."
A copy of the presentation is available on the Group's website at
https://www.tinkoff.ru/eng/investor-relations/results-and-reports/164/ [2].
For enquiries:
Tinkoff Bank Tinkoff Bank
Darya Ermolina Larisa Chernysheva
Head of PR IR Department
+ 7 495 648-10-00 (ext. 2009) + 7 495 648-10-00 (ext. 2312)
d.ermolina@tinkoff.ru ir@tinkoff.ru [3]
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.
Forward-looking statements
Some of the information in this announcement may contain projections or
other forward-looking statements regarding future events or the future
financial performance of the Group and Tinkoff Bank. You can identify
forward looking statements by terms such as "expect", "believe",
"anticipate", "estimate", "intend", "will", "could," "may" or "might", the
negative of such terms or other similar expressions. The Group and Tinkoff
Bank wish to caution you that these statements are only predictions and that
actual events or results may differ materially. The Group and Tinkoff Bank
do not intend to update these statements to reflect events and circumstances
occurring after the date hereof or to reflect the occurrence of
unanticipated events. Many factors could cause the actual results to differ
materially from those contained in projections or forward-looking statements
of the Group and Tinkoff Bank, including, among others, general economic
conditions, the competitive environment, risks associated with operating in
Russia, rapid technological and market change in the industries the Group
operates in, as well as many other risks specifically related to the Group,
Tinkoff Bank and their respective operations.
ISIN: US87238U2033
Category Code: MSCM
TIDM: TCS
LEI Code: 549300XQRN9MR54V1W18
Sequence No.: 5624
EQS News ID: 693295
End of Announcement EQS News Service
1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=0c876edc7ded0720060118de0f22555a&application_id=693295&site_id=vwd&application_name=news
2: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=d7b2b2d213337dffd980621d25029d19&application_id=693295&site_id=vwd&application_name=news
3: mailto:ir@tcsbank.ru
(END) Dow Jones Newswires
June 07, 2018 04:14 ET (08:14 GMT)
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