Tinkoff Bank became one of the systemically important credit institutions in 2021, reported on the official website of the Bank of Russia.
The Central Bank explained the inclusion of Tinkoff Bank in the list by a number of factors. Among other things, the regulator noted the extensive client base of Tinkoff Bank, as well as the fact that its growth rates significantly exceed the market average. Thus, now the list of systemically important banks includes 13 banks, whose share is 77 percent of the assets of the entire Russian banking sector.
In early October, the founder of TCS Group (parent company of Tinkoff Bank) Oleg Tinkov settled a dispute with the US tax service. The businessman pleaded guilty to tax violations and agreed to pay compensation in the amount of $ 506 million.
At the end of August, Tinkoff Bank reported record profits and the launch of its own mortgage. The bank’s revenue increased by 37 percent, to 65 billion rubles, profit increased by 19 percent, to 62.3 billion rubles, and profit before tax – by 55 percent, to 38.4 billion.