Statement on Tinkoff Bank's RAS Financial Highlights for January - December 2021
TCS Group Holding PLC (LI: TCS, MOEX: TCSG) (the "Group"), Russia's leading provider of online financial and lifestyle services via its Tinkoff ecosystem, today announces Tinkoff Bank's unaudited RAS financial highlights for January - December 2021.
- TCS Group Holding PLC (LI: TCS, MOEX: TCSG) (the "Group"), Russia's leading provider of online financial and lifestyle services via its Tinkoff ecosystem, today announces Tinkoff Bank's unaudited RAS financial highlights for January - December 2021.
- For the twelve months of 2021, net income stood at RUB 52.4bn versus RUB 36.9bn in January - December 2020.
- It should be noted that the RAS net income figure is not a reliable indicator of IFRS net income for the same period.
- There is a very low correlation between financial results under the two reporting standards as a result of significant accounting differences.