5th Nov 2014 12:31
TCS Group Holding PLC
Notification of 3Q 2014 IFRS Results and Conference Call
Moscow, Russia - 5 November 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, will announce its IFRS results for the third quarter and the nine months ended 30 September 2014 on Friday, 28 November 2014.
The management team will host an investor and analyst conference call at 13.00 UK time (16.00 Moscow time, 08.00 U.S. Eastern Daylight Time), on Friday, 28 November 2014.
The IFRS report will be available on the TCS Bank website at https://www.tcsbank.ru/eng/investor-relations/results-and-reports/
To participate in the conference call, please use the following access details:
Confirmation Code: | 7151199 |
Local - London, United Kingdom: | +44(0)20 3427 1900 | |
National free phone - Russian Federation: | 8 800 500 9311 | |
National free phone - United States of America: | 1877 280 2342 | |
National free phone - United Kingdom: | 0800 279 4841 | |
Local - Geneva, Switzerland: | +41(0)22 592 7953 | |
Local - Stockholm, Sweden: | +46(0)8 5065 3938 | |
Local - Frankfurt, Germany: | +49(0)69 2222 10623 |
A live webcast of the presentation will be available at: http://event.on24.com/r.htm?e=886056&s=1&k=33F816B8F4591069C90C6F2A3545F6B2
Please register approximately 10 minutes prior to the start of the call.
For enquiries:
Tinkoff Credit Systems Bank Peter Russell, IR Director +44 20 3691 2049 | Tinkoff Credit Systems Bank Darya Ermolina, Head of PR + 7(495) 648 1000 (ext. 2009)
|
FTI Consulting London Larisa Millings +44 (0)20 3727 1364 | FTI Consulting Moscow Olga Lundquist +7 495 795 06 23 |
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, a renowned Russian entrepreneur 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% based on non-delinquent receivables (according to Central Bank of Russia (CBR) data, as of 1 July 2014). As of 1 August 2014, the Group has issued over 4.5 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 30 June 2014, the Group's total assets amounted to RUB 94.9 bn, net loans and advances to customers stood at RUB 74.6 bn and customer accounts (deposits) amounted to RUB 42.1 bn. In 1H 2014, the Group generated a net income of RUB 1.7 bn and net interest income of RUB 15.2 bn.
The Group is well capitalised with the total capital ratio and Tier 1 capital ratio of 26.5% and 21.4%, respectively, in accordance with Basel III methodology.
Related Shares:
TCS.L