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

Bank Tinkoff Credit Systems is estimated $1 billion
31.10.2012 22:42
Bank Tinkoff Credit Systems is estimated $1 billion

The Fund Horizon Capital has acquired 4% of the on-line bank ZAO Tinkoff Credit Systems for $ 40 million. So the whole credit organization has been estimated in $ 1 billion.


The negotiations on selling the shares were started in August this year.


ZAO Tinkoff Credit Systems is specializing on retail sales of credit cards on-line. Oleg Tinkoff, the founder and the major shareholder of the bank was reported in June to start an Internet business. He founded the company Tinkoff Digital, which will be operating in the sphere of Advertisement technologies, Internet projects and mobile applications.


ZAO Tinkoff Credit Systems was established in 2006 by Oleg Tinkoff. Goldman Sachs has become the first investor of the bank in October 2007. It acquired 10% for $9.5 million. The investment company Vostok Nafta Investment Limited bought 15% of the bank in May 2008 for $ 30 million.



Author: Irina Fomina

Tags: Russian banks     

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

Mansions of Moscow  Russian television  VEB  the Crimea  Russian economy  Primorye  St. Petersburg  Konstantin Khabensky  train tickets Russia FIFA  discovery  Russian business  Russian beaches  Russian tourism  Paralympic  Mistral  Exhibitions in Vladimir  Barcelona  Russian scientists  LGBT in Russia  Veterans of Wold War II  children  Russian Cinema  Vologda Monuments  New Italian Cinema Festival  Russian science  Mercedes-Benz Fashion Week Russia  Exhibitions in Moscow  Komi Republic  Andrei Tarkovsky  aircraft  Taiwan  Nature Reserves  Leningrad Region  Rock Music  Colourization   Moscow  Wedding Excursion  the Urals region  Modern Art  Kholmogorye  Spassk-Dalny   Theatre Festivals  IT  FC Zenith  Russian Metro  Russian startups  Maya  Russian religion  EU sanctions  Formula 1 Sochi 

Travel Blogs
Top Traveling Sites