Mid-sized Russian lender Tinkoff Credit Systems (TCS) plans to raise around $200 million in a three-year Eurobond issue, a banking source told Reuters. TCS, which operates online without its own branches and has a focus on credit cards, is controlled by its founder Oleg Tinkov who holds a 63.2 percent stake. The rest is split [...]
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Russia-focused private equity firm Baring Vostok will invest $50 million into Tinkoff Credit Systems, a local mid-sized lender, writes Reuters. TCS is majority-owned by founder and former bicycle racer Oleg Tinkov. Reuters – Russia-focused private equity firm Baring Vostok will invest $50 million into Tinkoff Credit Systems (TCS), a fast-growing local mid-sized lender, TCS said [...]