Moscow, Russia — 15 May 2018.
Tinkoff Bank is
From now on, customers can replenish their brokerage accounts and withdraw funds on a 24/7 basis. Tinkoff Investments 2.0 customers can use their Tinkoff Black debit cards to buy securities at any time that markets are open for business and trading, with no need to have money in their brokerage account in advance. Tinkoff Investments 2.0 also enables investments in over 100 new securities, including government bonds (OFZs — federal loan bonds) and stocks listed on the Moscow Exchange and St Petersburg Exchange.
To trade in foreign securities, customers have their funds exchanged automatically at the bank’s current rate at the time of purchase at no additional fee. As a result, they do not need to buy dollars in FX markets or have them ready in a foreign
Tinkoff Black debit card holders can open a brokerage account with just a few clicks, and the process takes only two business days. To open an account, customers no longer need to upload a scanned copy of their passport and waste their time waiting for data to be verified. When a customer does not have a debit card yet, a bank representative will deliver it wherever and whenever convenient, with brokerage account documents attached.
Taxes withheld are now available online as messages with the tax amount pop up on the screen automatically. Thus, the sums withheld will not come as a surprise and tax calculations will no longer prevent or hold funds from being withdrawn fast.
Existing customers who already have an account can easily switch to new accounts on the Tinkoff brokerage platform and begin enjoying its capabilities. To facilitate the switch, each customer will receive
Until 30 June 2018, the commission fee for new Tinkoff Investments 2.0 brokerage accounts will be reduced
«We are pleased to present the upgraded Tinkoff Investments 2.0, a platform that enables us to independently open accounts for our customers. With new accounts, customers will have access to a variety of new capabilities. We offer an increasingly
TCS Group Holding PLC is an innovative provider of online retail financial services operating in Russia through a
The Group was founded in 2006 by the Russian entrepreneur Oleg Tinkov and has been listed on the London Stock Exchange since October 2013.
With no retail branches, the Group serves its customers remotely via online channels and its call centre, and operates a network of over 2,500 representatives to ensure smooth delivery of its products. The network covers all of Russia and allows next day delivery to most customers.
The Group’s key business is Tinkoff Bank, Russia’s first and only direct bank offering both own brand and partner retail financial services via its Tinkoff.ru platform. The product range includes daily banking (credit and debit cards, payments, money transfers), savings, investments, loyalty programmes, travel services, SME services, mortgage platform, and insurance. With its special focus on mobile business, the bank offers mobile applications both for its customer base (Mobile Bank) and beyond it (Traffic Fines, MoneyTalk, Card 2 Card instant money transfers).
As at 1 May 2018, the bank was the second largest player in the Russian credit card market, with a market share of 11.7%. The 1Q18 IFRS net income of TCS Group Holding PLC amounted to RUB 5.7 bn, ROE grew to 68.5%.
Banki.ru, Russia’s largest financial news portal, named Tinkoff Bank the Bank of the Year 2016. In October 2016 Tinkoff Bank was named the largest independent global direct bank by Frost & Sullivan. In 2015 and 2016, the Global Finance magazine named Tinkoff Bank as the Best Consumer Digital Bank in Russia. In 2016, the bank also won Global Finance’s Best Integrated Consumer Bank Site award and was named the Best Digital Bank in the CEE by Euromoney. The bank’s mobile application was recognised as the best in Russia by Markswebb Rank & Report for three consecutive years in 2014, 2015 and 2016, and by Deloitte for four consecutive years from 2013 to 2016.