Source - SMW
TCS Group has reported net income of RUB 7.4bn for the first 5 months of 2017, versus RUB 2.5bn in January to May 2016.

The Company said this was attributable to the growth of net interest income, lower cost of funding, improved quality of the loan portfolio and growth of revenue from new business lines.

The gross loan portfolio amounted to RUB 135bn representing an increase of 23% y-o-y. The net loan portfolio amounted to RUB 112bn having increased by 28% y-o-y and constituted 58% of total assets (57% at year-end 2016).

Retail customer accounts stood at RUB 121bn. Tinkoff Bank continued to retain substantial liquidity: the CBR N2 ratio stood at 44% (minimum requirement: 15%), and the CBR N3 ratio was 143% (minimum requirement: 50%). Retail customer accounts constituted 75% of total liabilities.

Total assets increased by 29% y-o-y to RUB 192.6bn.