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    July 26, 2010 UBS reports second quarter 2010 net profit of CHF 2.005 billion.

    July 16, 2010 Citigroup Inc. reports second quarter 2010 net income of $2.7 billion.

    June 7, 2010 Russian Sberbank reports first quarter 2010 net income of RUB 43.5 billion (approx $1.45 billion).

    May 12, 2010 KBC Group reports first quarter 2010 net income of EUR 442 million.

    May 12, 2010 UniCredit Group reports first quarter 2010 net income of EUR 520 million.

    May 5, 2010 Societe Generale reports first quarter 2010 net income of EUR 1.06 billion.

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    Tinkoff Credit Systems


    Tinkoff Credit Systems Bank is a modern, well-managed financial institution specializing in the consumer lending in all of Russia’s regions. TCS Bank has taken the best practices of banks throughout the world with a mission to provide the highest standards of customer service.

    The bank has leveraged technology to quickly and effectively offer new products while consistently improving existing ones. The bank is a member of the system of deposit insurance and strives to provide financial services of the highest quality. We offer our clients a financial product that is popular all over the world; a modern and easy method of payment combined with access to consumer credit. Credit cards enable people to realize their dreams and fulfill their plans more quickly and easily.

    Headquarters:Moscow, Russia
    Address:Pervyу Volokolamskiу proezd, 10, stroenie 1, Moscow, Russia, 123060
    Telephone: +7 495 648-11-11
    Leadership:Oleg Tinkov, Chairman of the Board
    Founded:2002
    Site: www.tcsbank.ru/en/
    ID: 1175. Updated: 18.11.2009

    Business and Financial News

    Best Banks in Central and Eastern Europe for 2009 - 14.05.2010
    The following are the «Best Banks in Central and Eastern Europe for 2009» according to rankings published by Global Finance magazine:
    Source: Global Finance
    Big banks slashed small business credit lines - 13.05.2010
    The biggest Wall Street banks slashed their small business loan portfolios by 9% between 2008 and 2009, more than double the rate at which they cut their overall lending, according to a government report released Thursday.
    Source: CNN Money
    European Union agrees on €750bn bailout fund for eurozone - 10.05.2010
    Crisis-hit Europe on Monday announced a monster rescue package running to 750 billion euros between euro countries and the IMF, sending the euro surging in Asian trade. Leaders hope an unprecedented international intervention, worth just shy of one trillion dollars, will represent a game-changing European financial war chest, which will also be backed by European Central Bank action to nudge debt and currency markets.
    Source: Financial News
    Debt crisis may hurt banks outside Greece - 06.05.2010
    Credit ratings agency Moody's Investor Service said the banking systems in Portugal, Italy, Spain, Ireland and Britain could all be hurt by a widening debt crisis.
    Source: Associated Press
    Bank of Russia cuts discount rate - a historic low for Russia - 04.05.2010
    The Bank of Russia slashed its discount rate by another 0.25 percent from April 30. Starting tomorrow, the rate will be 8 percent per annum - a historic low for Russia.
    Source: RBC

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