Over the year, TCS Group’s net profit under IFRS decreased three times
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TCS Group (holder of 100% shares of Tinkoff Bank) reduced its net profit under IFRS to 20.8 billion rubles. in 2022, data show report groups. The indicator fell three times compared to 2021 (63.4 billion rubles).
Net interest income before provisions in 2022 increased by 8.6% to RUB 11 billion, after provisions decreased by 31.1% to RUB 76.4 billion. TCS’s loan provisioning expenses in 2022 amounted to RUB 65.4 billion, three times higher than in 2021 (RUB 21.7 billion). The TCS loan portfolio remained at the level of 606.5 billion rubles. The cost of provisioning possible credit losses increased to 65 billion rubles.
In February, Tinkoff Bank hit under EU sanctions. February 26 Tinkoff Investments structure informed on the suspension of trading in foreign securities, as well as trading of clients on the stock exchange in euros. February 27 Moscow Exchange suspended trading in shares of 15 BPIF managed by Tinkoff Capital. At the beginning of March, the bank’s mobile application disappeared from AppStore.
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