Moscow, Russia — 29 June 2017.
TCS Group Holding PLC (TCS LI) (the «Group»), Russia’s leading provider of online retail financial services, including Tinkoff Bank and Tinkoff Insurance, announces the launch of Tinkoff Property, a new service by Tinkoff Bank. It is used to browse new properties, book apartment tours and buy flats on the primary market.

Alexander Emeshev, Vice President, New Services Development at Tinkoff Bank, said: «We are taking active steps to diversify our sources of income: in 1Q 2017, our non-credit businesses accounted for over 15% of the Group’s total revenue, and this number is bound to grow. The mortgage platform that we launched in 2015 is going to hit the breakeven point this year. We continue to expand the offering of the Tinkoff.ru financial supermarket and are excited to announce the launch of a new service that is going to revolutionise the way our clients search, pick and buy properties. We expect Tinkoff Property to attract more clients looking to buy real estate, while stronger sales would translate into higher remuneration from our partners.»

Clients can choose flats and book tours through Tinkoff.ru or by consulting a Tinkoff Property manager. After that, they can buy the flat directly from the developer or get a mortgage via Tinkoff Mortgage.

The partners of Tinkoff Bank’s new service include major residential developers such as PIK Group, LSR Group, FSK Lider, Urban Group and MIC. Tinkoff Property offers a total of 695 properties in Moscow and the Moscow Region, St Petersburg and the Leningrad Region, as well as in other Russian regions. More partners and cities will be added going forward.