Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

On-line bank Tinkoff Credit Systems is estimated $625 million
26.08.2012 16:26
On-line bank Tinkoff Credit Systems is estimated $625 million

On-line bank ZAO Tinkoff Credit Systems is estimated $625 million by investors. The cost of the business has increased seven times for less than five years.


      

In May 2012 the bank Tinkoff Credit Systems has announced that Baring Vostok Private Equity Fund IV would become its shareholder, investing $ 50 million. According to Forbes, the investment fund has got 542.2 thousand shares of Egidaco Investments (the main shareholder of bank ZAO Tinkoff Credit Systems, registered in Cyprus) or 8% of the capital. So the bank was estimated $ 625 million. The Cyprus Company has issued 406.6 thousand shares for the deal. Mr. Tinkoff has sold 135.5 his own shares, getting $12.5 million.


      

The bank, established in 2006, has increased in cost 6.6 times. Goldman Sachs has become the first investor of the bank in October 2007. It acquired 10% for $9.5 million (the cost of the total business was $68 million). The investment company Vostok Nafta Investment Limited bought 15% of the bank in May 2008 for $ 30 million (the cost of the business equaled $ 200 million).


      

Oleg Tinkoff remains the major shareholder of Egidaco Investments and Tinkoff Credit Systems. He owns 64.3% shares, which cost $400 million.


      

 


      

 




Author: Irina Fomina

Tags: Banks of Russia Russian banks    

Next Previous


You might also find interesting:

Russian Buyers Prefer to Purchase Food Products with the Marks about Natural Origin
26.08.2019
The Online Grocery Delivery Market Grew by 50% in Russia
05.03.2019
The Russian Direct Investment Fund will Invest in Artificial Intelligence
31.05.2019
Russia will Strengthen Control over the Quality of Gasoline and Diesel Fuel
07.01.2019
The Fitch Ratings Agency Confirmed Russias Investment Rating at BBB Level
25.02.2019







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
ID Telegraph  Russian regions  Ukraine crisis  space food  Veliky Novgorod  Tsaritsyno  Russian tourism  Rusisan business  IT  St. Petersburg  Russian Bears  travel to Russia  Russian shops  Russian businessmen  Russian sportswomen  Alzheimer's Disease  Exhibitions in Moscow  Kazan  adoptions in Russia  Akhmatova  Russian sports  Garry Kasparov  Russian polical parties  Russian business  Festivals in Moscow  Music Concerts  Vandalism, Old Moscow  Mercedes-Benz Fashion Week Russia  Sock Museum   Moscow  Vladivostok  Russian scientists  Science  ski jumping  Rostov the Great  Russian oil  GenerationS  Ukraine  EXPO  Leningrad Region  train tickets Russia FIFA  Russian Cinema  Nobel Prize Winners  Fyodor Dostoevsky  Tomsk region  Russian media  fashion designer  economic amnesty  The Caspian  Regional Cuisines 


Travel Blogs
Top Traveling Sites