TCS Group Holding PLC reports IFRS results for Q4 and FY 2021
Gross interest income increased by 40% year-on-year to RUB 45.8 bn (4Q'20: RUB 32.8 bn), driven primarily by loan portfolio growth.
- Gross interest income increased by 40% year-on-year to RUB 45.8 bn (4Q'20: RUB 32.8 bn), driven primarily by loan portfolio growth.
- The interest yield on the Group's securities portfolio increased to 5.9% (4Q'20: 5.0%), in connection with rising rouble interest rates.
- The Group's cost of borrowing increased from 3.3% in 4Q'20 to 4.0% in 4Q'21, following increase of market rates.
- The Group reported robust quarterly net profit of RUB 16.6 bn in 4Q'21 (4Q'20: RUB 12.3 bn), supported by continued customer acquisition and monetisation.