Egidaco Investments plc, the parent company of TCS Bank, announces an Extension to the limited Eurobond buy-back programme
Egidaco Investments plc ("Tinkoff"), the parent company of "Tinkoff Credit Systems" Bank (TCS Bank), announced today that it has extended the limited Eurobond buy-back programme until Tuesday 15 June 2010.
All other Buy-Back parameters remain the same, as per the previous press-release on this matter dated 3 June 2010.
For further details of the program please contact:
Oliver Hughes, President
tel: +7 495 648 1000
e-mail: o.hughes@tcsbank.ru
Ilya Pisemsky, CFO
tel: +7 495 648-1000
e-mail: i.pisemsky@tcsbank.ru
Bank 'Tinkoff. Credit Systems' is Russia's first monoline bank, specialising exclusively on the issuing and servicing of credit cards. The bank was founded by the famous Russian entrepreneur, Oleg Tinkov. In October 2007, the international investment bank Goldman Sachs became a shareholder. In September 2008, Vostok Nafta Investments Limited also became a shareholder.
TCS Bank uses modern CRM and risk management systems. The bank employs a remote service model, providing virtual banking services of the highest quality to its customers. Service is provided to customers through a sophisticated Call Centre, Internet, SMS banking and by mail through the Russian Postal system. The combination of a narrow focus with a hi-tech approach gives the bank a distinct competitive edge in the rapidly growing Russian credit card market.