Interros Group acquires a 35% stake in TCS Group Holding, the owner of the Russian Tinkoff Group. The deal was approved by the Central Bank of the Russian Federation.
Tinkoff Group, the third largest bank in Russia measured by the number of active clients, is an online banking ecosystem offering financial and lifestyle-centric services. Launched in 2006, the bank has become a leader in financial technology and the first bank in Russia to operate entirely online.
Vladimir Potanin, President of Interros, commented: “As a long-term financial investor, Interros is interested in seeing the Tinkoff Group continue to occupy a leading position on the Russian banking market. We expect that our equity participation, combined with the unique experience of the Tinkoff Group's management team, will become a good impetus for the further development of its business, create added value for all shareholders, and provide even more modern and high-quality service for its clients”.
Oleg Tinkov, founder of the Tinkoff Group, said: “I am proud that, together with my team, I built the best bank in the country from the ground-up. Consensus in our industry is that it is the best digital bank in the world and founded in Russia. Now is the time for me to retire and take care of my wellbeing and my family”.
Stanislav Bliznyuk, Chairman of the Board of Tinkoff: “We believe that this deal with Interros opens a new page in the history of the Tinkoff Group. The new shareholder is interested in maintaining the high performance of the group, its talented management team and Tinkoff's unique DNA, which has always been led by the client-first approach. Our management remains committed to these values and is motivated for the long-term development of the group's business and further growth of its capitalization”.
Interros Group is one of the largest Russian investment companies founded in 1990 by Vladimir Potanin. Since its inception, the company has implemented more than 25 successful investment projects in almost all sectors of the economy. Current Interros investment portfolio includes assets in the metallurgy and mining industry (Nornickel, Bystrinskaya GRK), development and tourism (Rosa Khutor resort), pharmaceuticals (Petrovax Pharm), banking business (Rosbank).
Tinkoff is a financial group that includes Tinkoff Bank – an online bank, Tinkoff Mobile – a mobile service provider, Tinkoff Insurance – an insurance company, Tinkoff Capital management company, and a network of Tinkoff Education development centers. The group was founded in 2006. Tinkoff Bank is one of the three largest banks in Russia by active clients, and holds a leading position in the field of financial technologies.
Interros, tel.: +7 (495) 785 2907, +7 (495) 785 6363,
Tinkoff, press service: email@example.com