St Petersburg, Russia — 24 May 2018.
Tinkoff Bank and SME Bank signed a cooperation agreement at the St Petersburg International Economic Forum.
Tinkoff Bank has become SME Bank’s agent providing transaction support services with regard to the partner’s SME lending programmes.
It means that companies applying for loans will be able to enjoy Tinkoff Bank’s comprehensive support. This will include application monitoring, document collection, verification and execution, and customer consultations. In consideration of these services, SME Bank will pay Tinkoff Bank a commission.
«We are happy to announce our cooperation with SME Bank and offer customers some of the lowest interest rates on SME loans. Undertaking a huge part of the operational work, we will save our partner all
«Our cooperation with Tinkoff Bank is another step in implementing our strategy to provide SMEs with wider access to financial support, including government programmes. With the agency agreement in place, Tinkoff Bank customers will be provided with an
About SME Bank
SME Bank (a subsidiary of SME Corporation) offers SME lending products, both directly and through agents, providing Russian entrepreneurs with access to government support programmes. For details, visit www.mspbank.ru
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.