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
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. TCS Group Holding PLC
  6. News
  7. Summary
    TCS   US87238U2033

TCS GROUP HOLDING PLC

(TCS)
  Report
Delayed Quote. Delayed London Stock Exchange - 05/10 11:35:06 am
65.8 USD   +6.99%
05/06TRANSACTIONS IN OWN GDRS : TCS Group Ups Buyback of GDRs
EQ
05/06TRANSACTIONS IN OWN GDRS  : TCS Group Ups Buyback of GDRs
DJ
05/06TCS GROUP HOLDING PLC  : quaterly earnings release
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Tinkoff research: Russia's credit card market expands to reach RUB 1.637 tn in 3Q 2020

11/11/2020 | 07:43am EDT
Tinkoff research: Russia's credit card market expands to reach RUB 1.637 tn in 3Q 2020

Moscow, Russia - 11 November 2020.
Tinkoff has published the findings of its Russian credit card market research for 3Q 2020.

The research is based on data by the Bank of Russia and takes into account non-overdue debt (demand loans and overdrafts to individuals) only.

Market size and performance

After a contraction in 2Q 2020 caused by the coronavirus outbreak, Russia's credit card market recovered slightly in 3Q. In July, continued restrictions caused the market to grind to a halt, while in August the market grew by this year's second highest monthly amount after January. In August, the market rose by RUB 28.5 bn (vs RUB 31.1 bn in January 2020). In September, the market's modest growth amounted to RUB 8.5 bn. As a result, credit card debt increased by RUB 37 bn in 3Q 2020 and the market grew by RUB 42.2 bn year-to-date. As of 1 October 2020, the credit card market volume reached RUB 1.627 tn.

The q-o-q and y-o-y growth amounted to 2.3% and 2.6% respectively.

Market concentration

In 3Q 2020, Sberbank's market share shrank from a record high of 44.6% to 44.5%. Alfa-Bank increased its credit card portfolio by 0.5 pp with its market share amounting to 11.2% as of 1 October. Sovcombank also demonstrated solid portfolio growth, increasing its market share by 0.8 pp to 4.1%. Tinkoff retained its 13.5% share of the market, while Russian Standard Bank and Orient Express Bank lost 0.2 pp and 0.3 pp respectively.

The number of credit institutions with a portfolio of over RUB 1 bn stood at 30 (vs 31 in 2Q 2020). However, their aggregate market share remains at 99.6%.

Key players

In Q3 2020, Sberbank once again showed the strongest performance in the credit card market, increasing its portfolio by RUB 14.3 bn to RUB 728 bn. Sovkombank ranked second in terms of growth (with its portfolio increasing by RUB 13.9 bn to RUB 66.5 bn) and thus became the sixth largest player in the credit card market. Alfa-Bank came in third (with a gain of RUB 12.4 bn in three months) with its portfolio and market share amounting to RUB 183.5 bn and 11.2% respectively.

Considerable growth was also reported by Tinkoff (its portfolio increased by RUB 6 bn to RUB 221.5 bn) and VTB (up RUB 1.7 bn to RUB 105 bn) despite the fact that VTB decreased its market share from 6.5% to 6.4%.

Orient Express Bank had the biggest drop as its portfolio shrank by RUB 4 bn q-o-q to RUB 59.7 bn. As a result, its market share contracted by 0.3 pp to 3.6% and the bank ranked seventh as at the end of Q3.

Our methodology

This report was drafted by Tinkoff's team based on data by the Bank of Russia and took into account non-overdue debt (demand loans and overdrafts to individuals) only. Tinkoff Bank's analysts use amounts in accounts 45502 (loans and other funds provided to resident individuals for a period of up to 30 days), 45508 (demand loans and other funds provided to resident individuals), 45509 (deposit account overdrafts provided to resident individuals), 45707 (demand loans and other funds provided to non-resident individuals), and 45708 (deposit account overdrafts provided to non-resident individuals).

Russia's credit card market in 3Q 2020

Disclaimer

TCS Group Holding plc published this content on 11 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2020 12:42:01 UTC


© Publicnow 2020
All news about TCS GROUP HOLDING PLC
05/06TRANSACTIONS IN OWN GDRS : TCS Group Ups Buyback of GDRs
EQ
05/06TRANSACTIONS IN OWN GDRS  : TCS Group Ups Buyback of GDRs
DJ
05/06TCS GROUP HOLDING PLC  : quaterly earnings release
05/04TRANSACTIONS IN OWN GDRS : TCS Group Ups Buyback of GDRs
EQ
05/04TRANSACTIONS IN OWN GDRS  : TCS Group Ups Buyback of GDRs
DJ
05/04TCS GROUP HOLDING PLC : appointments of new -2-
DJ
05/04TCS GROUP HOLDING PLC : appointments of new independent directors and set up of ..
EQ
04/30TCS  : Statement on Tinkoff Bank's RAS Financial Highlights for January - March ..
EQ
04/29TCS  : Issues 2020 Annual Report
EQ
04/29TCS Group Holding PLC Issues 2020 Annual Report
DJ
More news
Financials (USD)
Sales 2021 1 623 M - -
Net income 2021 738 M - -
Net Debt 2021 - - -
P/E ratio 2021 16,4x
Yield 2021 0,10%
Capitalization 12 072 M 12 072 M -
Capi. / Sales 2021 7,44x
Capi. / Sales 2022 6,50x
Nbr of Employees 25 970
Free-Float 78,0%
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 54,26 $
Last Close Price 61,50 $
Spread / Highest target 17,1%
Spread / Average Target -11,8%
Spread / Lowest Target -51,2%
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