IFRS net profit of TCS Group Holding (including Tinkoff Bank) for the first quarter of 2021 increased by 57% to reach RUB 14.2 billion (RUB 9 billion in the first quarter of 2020), the company informed.
Total revenue increased by 21% reaching RUB 56.8 billion (RUB 46.9 billion in the first quarter of 2020).
Total assets of Tinkoff Investment users exceeded RUB 415 billion.
The group's total revenue for 1Q21 increased by 21% year-on-year to RUB 56.8 billion (RUB 46.9 billion in the first quarter of 2020). Gross interest income increased by 11% year-on-year to RUB 35.3 billion (RUB 31.7 billion in the first quarter of 2020), the group's loan portfolio increased by 12.4% to RUB 502.9 billion (RUB 447.4 billion as of December 31, 2020). The group's loan portfolio net of provisions increased by 14.5% to RUB 431.0 billion (RUB 376.5 billion as of December 31, 2020).
TCS Group Holding PLC is an IT company, an online provider of retail financial services, which comprises Tinkoff Bank, mobile virtual network operator Tinkoff Mobile, Tinkoff Insurance, asset management company Tinkoff Capital, Tinkoff Development Center (a network of R&D centers in major Russian cities), Tinkoff Investment (a provider of brokerage services), online travel agency Tinkoff Travel, as well as autonomous nonprofit organization Tinkoff Education. The group is developing the Tinkoff ecosystem providing financial and lifestyle services to its clients.
The group founded in 2006 by businessman Oleg Tinkov is listed on the London Stock Exchange and the Moscow Exchange.
The key business of the Group is Tinkoff Bank: a fully digital bank serving more than 10 million customers, the backbone of the Tinkoff ecosystem.
