TCS Group reported a decrease in net profit in the first half of the year

Owner of “Tinkoff Bank” company TCS Group for the first half of 2022 showed a drop in net profit to the lowest level in the last five years, follows from reporting companies. TCS The Group was able to maintain profitability, but did not disclose the corresponding figures.

“The group remains profitable in both quarters of 2022, although half-year net income hit its lowest level in five years. The Group also continues to maintain a substantial liquidity cushion and adequate capital cushion (nearly twice the required minimums) to enable it to adapt to changing conditions in 2022,” the report says.

The report also shows that TCS Group for the first half of 2022 increased net interest income under IFRS by 35% to RUB 101.6 billion. against 75.2 billion rubles. for the same period last year. At the same time, interest expenses for the six months of 2022 also increased to RUB 33.2 billion. from 11.7 billion rubles. in 2021

Fee and commission income for the first half of the year increased by 90% to 68.5 billion rubles. from 36.1 billion rubles. In the past year. Commission expenses for the illogical period in 2022 increased to 22.6 billion rubles. against 16.8 billion rubles. in 2021

On August 1, it became known that TCS Group plans to translate its headquarters by the end of 2023. It will be designed for approximately 7,500 jobs.

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