Tinkoff Credit Systems

Tinkoff Credit Systems is Russia's first online-only bank and fourth largest credit card issuer, with more than 3 million cards issued as of early 2013. Founded in 2006 by the entrepreneur Oleg Tinkov, TCS Bank had a market share of 7.2% as of 1 January 2013, up from 5.8% a year earlier, with a credit card portfolio of RUB 48 billion. TCS Bank reported net profit under Russian Accounting Standards of RUB 4.079 billion for 2012, up 84% year-on-year. Revenue was RUB 47.049 billion. As of January 2013, the bank’s equity was RUB 11.224 billion, an increase of 173% on the previous year.

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Tinkoff introduces Russia’s first digital mortgage loans

Tinkoff’s mortgage loan offering is the first of its kind in Russia: the process will take place entirely online, from paperwork to credit issuance. Since Tinkoff has always been branchless, customers will not need to visit a brick-and-mortar location at any stage of the transaction, including when applying for electronic signatures.  First, Tinkoff customers will be …

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Tinkoff named most innovative digital bank in Central and Eastern Europe at World’s Best Digital Bank Awards

Tinkoff has been recognised for its innovative banking solutions as the Most Innovative Digital Bank in Central and Eastern Europe at Global Finance magazine’s 2021 World’s Best Digital Banks awards. In 2020, Tinkoff unveiled its AI Banking strategy that aims to transform its customer offering through personalisation with the help of artificial intelligence across all products …

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Tinkoff Credit Systems named Russia’s Bank of the Year, praised for innovative high tech model

Moscow – Tinkoff Credit Systems (TCS Bank) dominated the annual banki.ru Bank of the Year awards, scooping the flagship award of Bank of the Year and also being named Internet Bank of the Year. Back-office chief Artem Ishonin won the Client Facing category based on readers’ votes for the best telephone hotline. “We are absolutely delighted …

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