Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

TCS GROUP HOLDING PLC

(TCS)
  Report
Delayed Quote. Delayed London Stock Exchange - 04/16 11:37:29 am
60.52 USD   +7.00%
12:40pTCS GROUP HOLDING PLC : PDMR Transactions in GDRs
EQ
12:40pTCS GROUP HOLDING PLC  : PDMR Transactions in GDRs
DJ
04/02Statement on Tinkoff Bank's RAS Financial Highlights for January - February 2021
DJ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

TCS : Statement on Tinkoff Bank's RAS Financial Highlights for January 2021

02/26/2021 | 02:01am EDT

TCS Group Holding PLC (TCS)
Statement on Tinkoff Bank's RAS Financial Highlights for January 2021

26-Feb-2021 / 10:00 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


Statement on Tinkoff Bank's RAS Financial Highlights for January 2021

Moscow, Russia - 26 February 2021. TCS Group Holding PLC (LI: TCS, MOEX: TCSG) (the "Group"), Russia's leading provider of online financial and lifestyle services via its Tinkoff ecosystem, today announces Tinkoff Bank's unaudited RAS financial highlights for January 2021.

 

For the first month of 2021, net income stood at RUB 7.3bn versus RUB 7.9bn in January 2020.

 

It should be noted that the RAS net income figure is not a reliable indicator of IFRS net income for the same period. There is a very low correlation between financial results under the two reporting standards as a result of significant accounting differences. Therefore, RAS figures should not be used as the basis for conclusions on forthcoming IFRS results. 

 

The gross loan portfolio amounted to RUB 444bn representing an increase of 18% y-o-y. The net loan portfolio amounted to RUB 371bn having increased by 15% y-o-y and constituted 46% of total assets (44% at year-end 2020). 

 

Retail customer accounts stood at RUB 521bn. Tinkoff Bank continued to retain substantial liquidity: the CBR N2 ratio stood at 81% (minimum requirement: 15%), and the CBR N3 ratio was 130% (minimum requirement: 50%). Retail customer accounts constituted 81% of total liabilities.

 

Total assets increased by 45% y-o-y to RUB 805bn.

 

As of 1 February 2021, total capital including retained profits (based on Form 123) amounted to RUB 123.9bn. The CBR N1 capital adequacy ratio was 13.1%. Core Capital Adequacy Ratio (N1.1) was 10.2% and Main Capital Adequacy Ratio (N1.2) was 12.5%.

 

Note on RAS results

 

Please note that the figures in this press release are calculated in accordance 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 significant accounting differences that make a direct read-across from RAS to IFRS results 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

Artem Lebedev
PR Department

+ 7 495 648-10-00 (ext. 2202)

Alexandr Leonov

+ 7 495 648-10-00 (ext. 35738)

pr@tinkoff.ru

Tinkoff

Larisa Chernysheva
IR Department

+ 7 495 648-10-00 (ext. 2312)

Neri Tollardo

+44 7741 078383

ir@tinkoff.ru

 

 

 

TCS Group Holding PLC

TCS Group Holding PLC is an innovative provider of online retail financial services. It includes Tinkoff Bank, mobile virtual network operator Tinkoff Mobile, Tinkoff Insurance, management company Tinkoff Capital, Tinkoff Software DC, a network of development hubs in major Russian cities, and Tinkoff Education. The Group is currently developing Tinkoff ecosystem, which offers financial and lifestyle services.

The Group was founded in 2006 by Russian entrepreneur Oleg Tinkov and has been listed on the London Stock Exchange and on the Moscow Exchange.

The Group's key business is Tinkoff Bank, a fully online bank that serves over 12 mn customers and forms the core of the Tinkoff ecosystem.

Tinkoff Bank is the second largest player in the Russian credit card market, with a share of 13.2%. The 9M 2020 IFRS net income of TCS Group Holding PLC amounted to RUB 31.9bn. The ROE was 40.8%.

With no branches, the Group serves all its customers remotely via online channels and a cloud-based call centre. To ensure smooth delivery of the Group's products, the Group has a proprietary nationwide network of representatives.

In 2018, Global Finance named Tinkoff Bank the world's Best Consumer Digital Bank, in 2019, 2018, 2016 and 2015, the Best Consumer Digital Bank in Russia, and in 2019, the Best Consumer Digital Bank in Central and Eastern Europe. In 2017 and 2013, the Banker recognised Tinkoff Bank as the Bank of the Year in Russia. The bank's mobile app has consistently received top industry ratings and awards (in 2013, 2014, 2015, 2016 by Deloitte and in 2018 by Global Finance).



ISIN: US87238U2033
Category Code: MSCL
TIDM: TCS
LEI Code: 2534000KL0PLD6KG7T76
Sequence No.: 94360
EQS News ID: 1171356

 
End of Announcement EQS News Service

fncls.ssp?fn=show_t_gif&application_id=1171356&application_name=news&site_id=zonebourse_sftp

© EQS 2021
All news about TCS GROUP HOLDING PLC
12:40pTCS GROUP HOLDING PLC : PDMR Transactions in GDRs
EQ
12:40pTCS GROUP HOLDING PLC  : PDMR Transactions in GDRs
DJ
04/02Statement on Tinkoff Bank's RAS Financial Highlights for January - February 2..
DJ
03/25TCS Group announces governance enhancements and changes to the composition of..
DJ
03/25TCS  : announces governance enhancements and changes to the composition of its g..
EQ
03/11TCS Group Holding PLC reports record net profit -3-
DJ
03/11TCS Group Holding PLC reports record net profit -2-
DJ
03/11TCS  : reports record net profit in FY'20; announces dividend plans for FY'21 an..
EQ
03/10Russian c.bank blocks effort by private investors to coordinate on stocks via..
RE
02/26TCS  : to hold a Virtual Strategy Day
EQ
More news
Financials (USD)
Sales 2021 1 607 M - -
Net income 2021 737 M - -
Net Debt 2021 - - -
P/E ratio 2021 15,1x
Yield 2021 0,26%
Capitalization 11 931 M 11 931 M -
Capi. / Sales 2021 7,43x
Capi. / Sales 2022 6,47x
Nbr of Employees 25 970
Free-Float 18,5%
Chart TCS GROUP HOLDING PLC
Duration : Period :
TCS Group Holding PLC Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TCS GROUP HOLDING PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 52,06 $
Last Close Price 56,56 $
Spread / Highest target 27,3%
Spread / Average Target -7,96%
Spread / Lowest Target -47,0%
EPS Revisions
Managers and Directors
NameTitle
Constantinos Economides Chairman
Jacques der Megredichyan Independent Non-Executive Director
Martin Robert Cocker Independent Non-Executive Director
Alexios Ioannides Director
Maria Trimithiotou Director
Sector and Competitors