16th Dec 2016 13:03
TCS Group Holding PLC / Miscellaneous - Medium PriorityStatement on Tinkoff Bank's RAS Financial Highlights for January-November2016 16-Dec-2016 / 15:02 CET/CESTDissemination of a Regulatory Announcement, transmitted by EquityStory.RS,LLC - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Statement on Tinkoff Bank's RAS Financial Highlights for January-November2016 Moscow, Russia - 16 December 2016. TCS Group Holding PLC (TCS LI) (the'Group'), Russia's leading provider of online retail financial services,including Tinkoff Bank and Tinkoff Insurance, today announces TinkoffBank's unaudited RAS financial highlights for January-November 2016. For the eleven months of 2016, net income stood at RUB 8.4bn versus RUB2.9bn in January-November 2015 which is attributed to the growth of netinterest income, lower cost of funding and better quality of the loanportfolio. It should be noted that the RAS net income figure is not a reliableindicator of IFRS net income for the same period. There is a very lowcorrelation between financial results under the two reporting standards asa result of significant accounting differences. Therefore, RAS figuresshould not be used as the basis for conclusions on forthcoming IFRSresults. The gross loan portfolio amounted to RUB 117.8bn representing an increaseof 14% y-o-y. The net loan portfolio amounted to RUB 96.9bn havingincreased by 24% y-o-y and constituted 58% of total assets (62% at year-end2015). Retail customer accounts increased by 44% y-o-y to RUB 111.9bn. TinkoffBank continued to retain substantial liquidity: the CBR N2 ratio stood at56.5% (minimum requirement: 15%), and the CBR N3 ratio was 208.5% (minimumrequirement: 50%). Retail customer accounts constituted 80% of totalliabilities. Total assets increased by 32% y-o-y to RUB 167bn. As of 1 December 2016, total capital including retained profits (based onForm 123) amounted to RUB 29.9 bn. The CBR N1 capital adequacy ratio was12.2%. Both Core Capital Adequacy Ratio (N1.1) and Main Capital AdequacyRatio (N1.2) were 10.05%. Note on RAS results Please note that the figures in this press release are calculated inaccordance with Tinkoff Bank's internal methodology which is available at: http://static.tinkoff.ru/documents/eng/investor-relations/ras-methodology.pdf RAS results are not a reliable indicator of IFRS results due to significantaccounting differences that make a direct read-across from RAS to IFRSresults impossible. The main differences between RAS and IFRS are: - Consolidated results under IFRS include a number of additional items and results of its subsidiaries - Accrual of expenses under IFRS - Timing differences in accounting for restructured loans ('instalments') and loans going through courts - The effect from the revaluation of currency derivative instruments - The effect of deferred income tax. For enquiries:Tinkoff Bank Tinkoff BankDarya Ermolina Larisa ChernyshevaHead of PR IR Department+ 7 495 648-10-00 (ext. 2009) + 7 495 648-10-00 (ext. 2312)[email protected] [email protected] About the Group TCS Group Holding PLC is an innovative provider of online retail financialservices operating in Russia through a high-tech branchless platform. TheGroup has also developed a 'smart courier' network covering almost allcities and towns in Russia which allows next day delivery to manycustomers. Tinkoff Bank's product range includes credit, debit and prepaid cards,deposits, co-branded cards, agent-based mortgage products and investmentservices. With its special focus on mobile, the bank offers mobileapplications both for its customer base (Mobile Bank) and beyond it(Traffic Fines, MoneyTalk, Card 2 Card instant money transfers). As per its five-year strategy, the Group has the ambition to become afinancial marketplace, offering both own brand and partner products. As at 1 November 2016, the bank was the second largest player in theRussian credit card market, with a market share of 9.9%. The Group's 9M2016 IFRS net income amounted to RUB 7.3 bn. In October 2016 Tinkoff Bank was named the largest independent globaldirect bank by Frost & Sullivan. In 2015 and 2016, the Global Financemagazine named Tinkoff Bank as the Best Consumer Digital Bank in Russia. In2016, the bank also won Global Finance's Best Integrated Consumer Bank Siteaward and was named the Best Digital Bank in the CEE by Euromoney. Thebank's mobile application was recognised as the best in Russia by MarkswebbRank & Report for three consecutive years in 2014, 2015 and 2016, and byDeloitte for four consecutive years from 2013 to 2016. --------------------------------------------------------------------------- The EquityStory.RS, LLC Distribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases.Archive at www.dgap.de/ukreg --------------------------------------------------------------------------- Language: English Company: TCS Group Holding PLC 2nd Floor, Sotiri Tofini 4, Agios Athanasios 4102 Limassol Cyprus Phone: +7 495 648-10-00 Fax: +7 495 645-59-09 E-mail: [email protected] Internet: https://www.tinkoff.ru ISIN: US87238U2033 Listed: Foreign Exchange(s) London, Moscow Category Code: MSCM TIDM: TCS Sequence Number: 3699 Time of Receipt: 16-Dec-2016 / 15:02 CET/CEST End of Announcement EquityStory.RS, LLC News Service--------------------------------------------------------------------------- 530851 16-Dec-2016UK-Regulatory-announcement transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.
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