Annual Financial Report

TCS GROUP HOLDING PLC

TCS Group Holding PLC Issues 2013 Annual Report

Moscow, Russia - 29 April 2014. TCS Group Holding PLC (TCS LI) (the "Group"), Russia's leading provider of online retail financial services,including "Tinkoff Credit Systems" Bank ("TCS Bank") and Tinkoff Online Insurance, today announces the publication of its Annual Report for the year ended 31 December 2013.

A copy of the Annual Report has been submitted to the Financial Conduct Authority (the 'FCA') in the United Kingdom via the National Storage Mechanism and will be available for inspection shortly at www.morningstar.co.uk/uk/nsm

The Annual Report is now available on the website: 

https://static.tcsbank.ru/documents/eng/investor-relations/annual-reports/2013/TCS_AR13.pdf

For enquiries:

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. In order to support its branchless platform, the Group has also developed a "smart courier" network covering almost 600 cities and towns in Russia which allows next day delivery to many customers.

Since its launch in 2007 by Mr. Oleg Tinkov, one of the best known Russian entrepreneurs with a long track record of creating successful businesses, the Group has grown into a leader in the Russian credit card market, with the third largest credit card loan portfolio and a market share of 7.5% based on non-delinquent receivables (according to the Central Bank of Russia ("CBR") data, as of 1 January 2014). As of 1 January 2014, the Group has issued 3.9 mln credit cards.

In addition to a market-leading credit card offering, the Group has developed a successful online retail deposits programme. The Group's other innovative lines of business include Tinkoff Online Insurance, which enables the Group to underwrite and sell its own innovative online insurance products, and Tinkoff Mobile Wallet, mobile payment solutions and financial services for Russian consumers.

As of 31 December 2013, the Group's total assets amounted to USD 3 bn, net loans and advances to customers stood at USD 2.3 bn and customer accounts (deposits) amounted to USD 1.3 bn. In 2013, the Group generated a net profit of USD 181 mln and net interest income of USD 843 mln.

The Group is well capitalised with the CBR N1 capital adequacy ratio of 15.8% as of 1 January 2014, and its total capital ratio and Tier 1 capital ratio of 25.03% and 19.85%, respectively.