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

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

01-Nov-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 - September 2021

Moscow, Russia - 01 November 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 - September 2021.


For the nine months of 2021, net income stood at RUB 40.2bn versus RUB 25.4bn in January - September 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 607bn representing an increase of 52% y-o-y. The net loan portfolio amounted to RUB 521bn having increased by 60% y-o-y and constituted 50% of total assets (44% at year-end 2020). 


Retail customer accounts stood at RUB 663bn. Tinkoff Bank continued to retain substantial liquidity: the CBR N2 ratio stood at 85% (minimum requirement: 15%), and the CBR N3 ratio was 132% (minimum requirement: 50%). Retail customer accounts constituted 73% of total liabilities.


Total assets increased by 50% y-o-y to RUB 1038bn.


As of 1 October 2021, total capital including retained profits (based on Form 123) amounted to RUB 148.6bn. The CBR N1 capital adequacy ratio was 11.5%. Core Capital Adequacy Ratio (N1.1) was 10% and Main Capital Adequacy Ratio (N1.2) was 11.5%.


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:       


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:


Artem Lebedev
PR Department

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

Alexandr Leonov

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


Larisa Chernysheva
IR Department

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

Andrey Pavlov-Rusinov
+ 7 495 648-10-00 (ext. 31010)



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