6th Aug 2014 07:00
TCS Group Holding PLC
Notification of H1 2014 IFRS Results and Conference Call
Moscow, Russia - 6 August 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 H1 2014 IFRS results for the period ended 30 June 2014, on Friday, 29 August 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, 29 August 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 | 2229109 |
UK Free Phone | 0800 279 4992 |
Russia Free Phone | 8 800 500 9311 |
USA Free Phone | 1877 280 2342 |
Standard International Call | +44(0)20 3427 1907 |
Stockholm, Sweden | +46(0)8 5065 3938 |
Zurich, Switzerland | +41(0)44 580 7216 |
Frankfurt, Germany | +49(0)69 2222 10619 |
A live webcast of the presentation will be available at: http://event.on24.com/r.htm?e=832244&s=1&k=22C534F600982D607331B72D743ED410
Please register approximately 15 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)
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FTI Consulting London Larisa Millings +44 (0)20 3727 1364 | FTI Consulting Moscow Maria Shiryaevskaya +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, 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% based on non-delinquent receivables (according to Central Bank of Russia (CBR) data, as of 1 July 2014). As of 1 June 2014, the Group has issued over 4.3 mln credit cards.
In addition to a market-leading credit card offering, the Group has developeda successful online retail deposits programme. The Group's other innovative linesof 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 March 2014, the Group's total assets amounted to RUB 101.2 bn, net loans and advances to customers stood at RUB 75 bn and customer accounts (deposits) amounted to RUB 43.1 bn. In Q1 2014, the Group generated a net profit of RUB362.3 mln and net interest income of RUB 7.4 bn.
The Group is well capitalised with its total capital ratio and Tier 1 capital ratio of 22.3% and 17.3%, respectively, in accordance with Basel III methodology.
Related Shares:
TCS.L