The board of directors of TKS Holding refused to pay dividends for 2023. The final decision on the payment will be made at the shareholders’ meeting on June 28. Previously, the head of Tinkoff Bank spoke about the approval of a new dividend policy until the end of 2024.

TKS Holding board of directors refused to pay dividends for 2023

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The board of directors of TKS Holding recommended not paying dividends for 2023. This is stated in the company’s message on the Corporate Information Disclosure Center website.

“The recommendations of the Board of Directors relate to the results of the Company’s activities based on the results of 2023. Based on the results of 2023, the board of directors recommends not distributing profits and not paying dividends based on the results of 2023 operations,” said Alexey Malinovsky, Chairman of the Board of Directors of Tinkoff.

On May 16, Tinkoff Bank head Stanislav Bliznyuk stated that the company was working to approve a new dividend policy. It is planned to be adopted by the end of 2024.

TCS Holding was created as the parent company of Tinkoff Bank after re-registering TCS Group Holding’s business in Russia.


Kirill Bilyk

Source: RB

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