Tinkoff withheld data on revenue and earnings in the financial report for the quarter. The bank noted that in the first half of the year, profits dropped significantly; as a result, it turned out to be the lowest in the last five years.
TCS Group, in its report for the second fiscal quarter of 2022, announced a 50% year-on-year increase in its client base, to 17.3 million, the number of banking clients increased by 46% to 24.3 million. to 52.2 billion rubles – in the second quarter of 2021, it amounted to 39.9 billion rubles.
The group did not disclose second-quarter revenue and earnings data. TCS Group’s profit in the first half of the year fell significantly, but the company did not name the figures. It should be noted that the profit for the first six months of the year was the lowest since 2018, then it amounted to $178 million. In 2021, TCS Group earned 273.9 billion rubles.
As of 19:20 Moscow time, shares of the TCS Group on the Moscow Stock Exchange are falling by 5%.
Banks received the right not to publish information on financial results in March. Banks must share this information only with the Bank of Russia.
Author:
Kirill Bilyk
Source: RB
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