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:

Bloomberg: Russian Retailers will Benefit from the Foreign Fans
The Tax Rate for Self-employed Citizens may Become 4%
The Number of Sentences Imposed by Russian Courts with Regards to Economic Crimes has Increased by 20%
Registration of Companies in Russia will be Simplified
The Ministry of Economic Development is Changing Corporate Law

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Russian business  Kalachinsk  Romanov family  winter Olympic Games  Film Distribution  ENEA  St. Petersburg  Boris Andreyev  Dmitri Benardaki  Orthodox Church  Book Tickets for Ballet  Russian Cinema  Ice-cream Shops   Gogol House  Tula Region  The House of Romanov  Ivan Puni  Lenta  society  Baikal  Comics  Karachay-Cherkessia  Yakutia  Moscow  New Museums  Moscow hotels  Russian beaches  Russian tourism  Ivan the Terrible  Russian Literature  Russian history  Solovki  Monuments in Danger  Bashkiria  Paleontology  Leningrad Oblast  Russian national team  Exhibitions in Moscow  Russian artists  State Duma  Sharp  Russian catering industry  Krasnogorsk   Rock Music  Festivals in Moscow  St. Petersburg Metro  Mercedes-Benz Fashion Week Russia  Pleshcheevo Lake  Moscow planetarium  Alexey Tolstoy 

Travel Blogs
Top Traveling Sites