«Тинькофф Банк». Консолидированная финансовая информация (2018 год)

TCS Group Holding PLC
Notes to the Consolidated Financial Statements – 31 December 2018

Investments in Debt Securities (Continued)

In millions of RR

Stage 1

(12-months

ECL)

Stage 2

(lifetime ECL

for SICR)

Stage 3

(lifetime ECL
for credit im-

paired)

Total

Corporate bonds

- Current

54,560

- Monitor

10,304

1,413

11,717

- Sub-standard

- Doubtful

194

Total AC gross carrying amount

64,878

1,607

66,485

Less credit loss allowance

(255)

(128)

(383)

Less fair value adjustment from AC to FV

(511)

(451)

(962)

Carrying value (fair value)

64,112

1,028

65,140

Russian government bonds

- Current

24,021

Total AC gross carrying amount

24,021

Less credit loss allowance

(63)

Less fair value adjustment from AC to FV

(398)

Carrying value (fair value)

23,560

Municipal bonds

- Current

4,325

- Monitor

1,508

Total AC gross carrying amount

5,833

Less credit loss allowance

(35)

Less fair value adjustment from AC to FV

(24)

Carrying value (fair value)

5,774

The debt securities at FVOCI are not collateralised.

TCS Group Holding PLC
Notes to the Consolidated Financial Statements – 31 December 2018

Investments in Debt Securities (Continued)

The following table explains the changes in the credit loss allowance and gross carrying amount for debt
securities at FVOCI for the year ended 31 December 2018:

Credit loss allowance

Gross carrying amount

In millions of RR

Stage 1

(12-

months

ECL)

Stage 2

(lifetime

ECL for

SICR)

Stage 3

(lifetime

ECL for

credit

impaired)

Total Stage 1

(12-

months

ECL)

Stage 2

(lifetime

ECL for

SICR)

Stage 3

(lifetime

ECL for

credit

impaired)

Total

Corporate bonds

At 1 January 2018

216

233 46,663

270

- 46,933

Movements with impact on

credit loss allowance charge:

New originated or purchased

184

(10)

174 27,174

- 27,174

Transfers:

- to lifetime (from Stage 1 to

Stage 2)

(71)

(1,082)

1,082

Foreign exchange gains

3,027

228

3,255

Redemption during the year

(6)

(1,040)

Disposal during the year

(41)

(9,856)

Interest income accrued

3,890

3,970

Interest received

(16)

(7)

(23)

(3,898)

(53)

- (3,951)

Other movements

(38)

(7)

Total movements with

impact on credit loss
allowance charge

111

150 18,215

1,337

- 19,552

At 31 December 2018

255

128

383 64,878

1,607

- 66,485

Russian government bonds

At 1 January 2018

36 13,686

- 13,686

Movements with impact on

credit loss allowance charge:

New originated or purchased

186

186 72,235

- 72,235

Foreign exchange gains

918

Redemption during the year

(128)

(128) (49,829)

- (49,829)

Disposal during the year

(33)

(33) (12,649)

- (12,649)

Interest income accrued

1,352

Interest received

(5)

(1,692)

Total movements with

impact on credit loss
allowance charge

27 10,335

- 10,335

At 31 December 2018

63 24,021

- 24,021

TCS Group Holding PLC
Notes to the Consolidated Financial Statements – 31 December 2018

Investments in Debt Securities (Continued)

Credit loss allowance

Gross carrying amount

In millions of RR

Stage 1

(12-

months

ECL)

Stage 2

(lifetime

ECL for

SICR)

Stage 3

(lifetime

ECL for

credit

impaired)

Total Stage 1

(12-

months

ECL)

Stage 2

(lifetime

ECL for

SICR)

Stage 3

(lifetime

ECL for

credit

impaired)

Total

Municipal bonds

At 1 January 2018

4,308

Movements with impact on

credit loss allowance charge:

New originated or purchased

1,752

Disposal during the year

(1)

(240)

Interest income accrued

382

Interest received

(2)

(369)

Other movements

(3)

Total movements with

impact on credit loss
allowance charge

1,525

At 31 December 2018

5,833

Interest rate, maturity and geographical risk concentration analysis of investment in debt securities are
disclosed in Note 34.

Investment Securities Available for Sale

In millions of RR

31 December

2017

Corporate bonds

48,328

Russian government bonds

13,904

Perpetual corporate bonds

5,070

Municipal bonds

4,374

Total investment securities available for sale

71,676

Analysis by credit quality of debt securities outstanding at 31 December 2017 is as follows:

In millions of RR

Corporate

bonds

Russian

government

bonds

Perpetual

corporate

bonds

Municipal

bonds

Total

Neither past due nor impaired

BBB- to BBB+ rated

22,158

13,904

1,862

37,924

BB- to BB+ rated

25,955

3,959

2,512

32,426

B- to B+ rated

215

1,111

1,326

Total neither past due nor impaired

investment securities available for sale

48,328

13,904

5,070

4,374

71,676

TCS Group Holding PLC
Notes to the Consolidated Financial Statements – 31 December 2018

Investment Securities Available for Sale (Continued)

The movements in investment securities available for sale for the year ended 31 December 2017 are as
follows:

In millions of RR

2017

Carrying amount at 1 January

33,286

Purchases

67,814

Redemption of investment securities available for sale

(12,882)

Disposal of investment securities available for sale

(16,728)

Interest income accrued on investment securities available for sale (Note 23)

3,491

Interest received

(3,434)

Reclassification from investment securities available for sale to Repurchase receivables

(798)

Foreign exchange loss on investment securities available for sale in foreign currency

(399)

Revaluation through other comprehensive income

1,326

Carrying amount at 31 December

71,676

Interest rate, maturity and geographical risk concentration analysis of investment securities available for
sale are disclosed in Note 34.

Repurchase Receivables

Repurchase receivables represent securities sold under sale and repurchase agreements which the
counterparty has the right, by contract or custom, to sell or repledge. As at 31 December 2018 the sale and
repurchase agreements are short-term and mature in January 2019 (2017: January 2018) .

In millions of RR

31 December

2018

31 December

2017

Securities at FVOCI sold under sale and repurchase agreements

1,182

AFS securities sold under sale and repurchase agreements

798

Total repurchase receivables

1,182

798

Securities sold under sale and repurchase agreements at 31 December 2018:

In millions of RR

Securities at FVOCI sold under sale and

repurchase agreements

Corporate bonds

Russian government bonds

1,110

Total debt securities (fair value/carrying value)

1,182

Including Credit loss allowance

Securities sold under sale and repurchase agreements at 31 December 2017:

In millions of RR

Investment securities

available for sale

Perpetual corporate bonds

798

Total securities classified as repurchase receivables

798

TCS Group Holding PLC
Notes to the Consolidated Financial Statements – 31 December 2018

Repurchase Receivables (Continued)

The following table contains an analysis of debt securities measured at FVOCI classified as repurchase
receivables, for which an ECL allowance is recognised, by the credit quality at 31 December 2018 based
on credit risk grades and discloses balances by three stages for the purpose of ECL measurement.

Refer to Note 34 for the description of credit risk grading system used by the Group and the approach to
ECL measurement, including the definition of default and SICR as applicable to the debt securities:

In millions of RR

Stage 1 (12-months ECL)

Corporate bonds

- Current

Total AC gross carrying amount

Less credit loss allowance

Less fair value adjustment from AC to FV

(1)

Carrying value (fair value)

Russian government bonds

- Current

1,169

Total AC gross carrying amount

1,169

Less credit loss allowance

(3)

Less fair value adjustment from AC to FV

(56)

Carrying value (fair value)

1,110

The credit quality of repurchase receivables balances at 31 December 2017 is as follows:

In millions of RR

Perpetual corporate bonds

Neither past due nor impaired

B- rated

798

Total neither past due nor impaired debt securities classified as

repurchase receivables

798

TCS Group Holding PLC
Notes to the Consolidated Financial Statements – 31 December 2018

Repurchase Receivables (Continued)

The following table explains the changes in the credit loss allowance and gross carrying amount for
securities at FVOCI classified as repurchase receivables for the year ended 31 December 2018:

Credit loss allowance

Gross carrying amount

In millions of RR

Stage 1

(12-

months

ECL)

Stage 2

(lifetime

ECL for

SICR)

Stage 3

(lifetime

ECL for

credit

impair-

red)

Total Stage 1

(12-

months

ECL)

Stage 2

(lifetime

ECL for

SICR)

Stage 3

(lifetime

ECL for

credit

impair-

red)

Total

At 1 January 2018

Movements with impact on

credit loss allowance charge:

New originated or purchased

1,043

Foreign exchange gains

202

Interest income accrued

Interest received

(52)

Total movements with

impact on credit loss
allowance charge

1,242

At 31 December 2018

1,242

Refer to Note 16 for the related liabilities. Interest rate, maturity and geographical risk concentration analysis
of repurchase receivables is disclosed in Note 34.

Refer to Note 39 for the disclosure of the fair value of each class of repurchase receivables. Securities at
FVTPL and securities at FVOCI reclassified to repurchase receivables continue to be carried at fair value
in accordance with accounting policies for these categories of assets.

Guarantee Deposits with Payment Systems

Guarantee  deposits  with  payment  systems  represent  funds  put  aside  by  the  Group.  As  at
31 December 2018 and 2017 a guarantee deposit in favour of MasterCard was placed with Barclays Bank
Plc London (A rated) and  in favour of Visa  was  placed  with United Overseas  Bank Ltd. Singapore (AA
- rated).  As  at  31 December 2018 the carrying  value of guarantee deposits  with payment systems was
RR 4,603 million (2017: RR 3,660 million).

For the purpose of credit risk measurement guarantee deposits with payment systems balances are
included in current based on credit risk grades as at 31 December 2018. Refer to Note 34 for the description
of the Group’s credit risk grading system.

For the purpose of ECL measurement guarantee deposits with payment systems balances are included in
Stage 1. Guarantee deposits with payment systems are unsecured financial assets. The ECL for these
balances represents an immaterial amount, therefore the Group did not create any credit loss allowance
for guarantee deposits with payment systems. Refer to Note 34 for the ECL measurement approach.
Interest rate, maturity and geographical risk concentration analysis are disclosed in Note 34.

TCS Group Holding PLC
Notes to the Consolidated Financial Statements – 31 December 2018

Tangible Fixed and Intangible Assets

In millions

of RR

Building Equipment

Leasehold

improve-

ments

Vehicles

Total

tangible

fixed assets

Intangible

assets,

including

goodwill

Cost

At 31 December 2016

4,016

1,285

458

5,798

2,848

Additions

473

1,151

289

1,915

1,720

Disposals

(5)

(16)

(21)

(9)

At 31 December 2017

4,484

2,420

747

7,692

4,559

Additions

131

2,131

789

3,052

2,066

Disposals

(210)

At 31 December 2018

4,615

4,341

1,536

10,534

6,625

Depreciation and

amortisation

At 31 December 2016

(10)

(741)

(368)

(23)

(1,142)

(1,028)

Charge for the year (Note 28)

(38)

(311)

(66)

(5)

(420)

(476)

Disposals

At 31 December 2017

(48)

(1,042)

(434)

(28)

(1,552)

(1,503)

Charge for the year (Note 28)

(42)

(695)

(81)

(5)

(823)

(899)

Disposals

210

At 31 December 2018

(90)

(1,527)

(515)

(33)

(2,165)

(2,402)

Net book value

At 31 December 2017

4,436

1,378

313

6,140

3,056

At 31 December 2018

4,525

2,814

1,021

8,369

4,223

Intangible assets in the amount of RR 774 million related to the software developments made by Tinkoff
Software DC during the year ended 31 December 2018 (2017: RR 333 million).

Other intangible assets acquired during the year ended 31 December 2018 and 2017 mainly represent
accounting software, retail banking software, insurance software, licenses and development of software
including the license for insurance operations.

During 2018 the Group acquired more office building space for its own use for RR 131 million (2017:
RR 473 million), VAT included.

TCS Group Holding PLC
Notes to the Consolidated Financial Statements – 31 December 2018

Other Financial and Non-financial Assets

In millions

of RR

31 December

2018

31 December

2017

Other Financial Assets

Settlement of operations with plastic cards

12,694

10,280

Other receivables

2,948

689

Total Other Financial Assets

15,642

10,969

Other Non-Financial Assets

Prepaid expenses

2,360

3,089

Other

664

168

Total Other Non-Financial Assets

3,024

3,257

Settlement of operations with plastic cards represents balances due from payment agents in respect of
payments made by borrowers to reimburse credit card loans and to be settled within 3 days, therefore the
Group  did  not  recognise  any  credit  loss  allowance  for  settlement  of  operations  with  plastic  cards.  This
amount includes prepayment to the payment systems for operations during Holiday period. Settlement of
operations  with  plastic  cards  balances  and  other  receivables  are  included  in  current  risk  grade  as  at
31 December 2018. Refer to Note 34 for the description of the Group’s credit risk grading system.

For the purpose of ECL measurement settlement of operations with plastic cards balances and other
receivables are included in Stage 1. The ECL for these balances represents an immaterial amount,
therefore the Group did not recognise any credit loss allowance. Refer to Note 34 for the ECL measurement
approach.

As at 31 December 2018 prepaid expenses consist of prepayments for marketing, IT support, security, TV
advertising and ATM-service (2017: TV advertising, IT support, office rent). Other financial assets are not
impaired and not past due as at 31 December 2017. Refer to Note 39 for the disclosure of the fair value of
other financial assets. The maturity and geographical risk concentration analysis of amounts of other
financial assets is disclosed in Note 34.

Due to Banks

In millions

of RR

Note

31 December

2018

31 December

2017

Correspondent accounts and overnight placements of other banks

1,597

Sale and repurchase agreements with other banks

1,111

591

Total due to banks

2,708

595

Refer to Note 39 for the disclosure of the fair value of amounts due to banks. Interest rate, maturity and
geographical risk concentration analysis of due to banks is disclosed in Note 34.

TCS Group Holding PLC
Notes to the Consolidated Financial Statements – 31 December 2018

Customer Accounts

In millions

of RR

Note

31 December

2018

31 December

2017

Individuals

- Current/demand accounts

137,637

76,318

- Term deposits

100,227

77,377

SME

- Current/demand accounts

41,702

23,705

Other legal entities

- Current/demand accounts

552

533

- Term deposits

798

1,112

Total Customer Accounts

280,916

179,045

Refer to Note 39 for the disclosure of the fair value of customer accounts. Interest rate, maturity and
geographical risk concentration analysis of customer accounts amounts is disclosed in Note 34. Information
on related party balances is disclosed in Note 41.

Debt Securities in Issue

In millions of RR

Date of maturity

31 December

2018

31 December

2017

RR denominated bonds issued in April 2017

22 April 2022

5,067

5,061

EUR denominated ECP issued in December 2018

19 December 2019

2,392

USD denominated ECP issued in December 2018

19 December 2019

1,266

RR denominated bonds issued in June 2016

24 June 2021

784

2,989

RR denominated ECP issued in December 2018

19 December 2019

USD denominated ECP issued in December 2017

19 December 2018

2,769

Total Debt Securities in Issue

9,605

10,819

On 20 December 2018 the Group issued three tranches of Euro-Commercial Paper (ECP) denominated in
USD, EUR and RR maturing on 19 December 2019. USD denominated ECP has a nominal value of
USD 19 million at 4.25% coupon rate. EUR denominated ECP has a nominal value of USD 30.5 million at
1.25% coupon rate. RR denominated ECP has a nominal value of RR 105 million at 9.5% coupon rate.

On 20 December 2017 the Group issued USD denominated ECP with a nominal value of USD 50 million
with a discount of 4% maturing on 19 December 2018. The Group redeemed all outstanding ECP of this
issue at maturity.

On 28 April 2017 the Bank issued RR denominated bonds with a nominal value of RR 5,000 million at
9.65% coupon rate maturing on 22 April 2022.

On 30 June 2016 the Group issued RR denominated bonds with a nominal value of RR 3,000 million at
11.7% coupon rate maturing on 24 June 2021.

In January and December 2018 the Bank repurchased RR 2,214 million of outstanding RR denominated
bonds issued in June 2016 at nominal value as part of the buy-back offers.

All RR denominated bonds issued by the Bank are traded on OJSC Moscow Exchange. Refer to Note 39
for the disclosure of the fair value of debt securities in issue. Interest rate, maturity and geographical risk
concentration analysis of debt securities in issue are disclosed in Note 34.

TCS Group Holding PLC
Notes to the Consolidated Financial Statements – 31 December 2018

Subordinated Debt

As at 31 December 2018 the carrying value of the subordinated debt was RR 20,644 million
(31 December 2017: RR 22,001 million).

On 15 June 2017 the Group issued perpetual subordinated loan participation notes with a nominal value of
USD 300 million with zero premium. The notes have no stated maturity. The Group has a right to repay the
notes at its discretion starting from 15 September 2022 and they are repayable in case of certain events
other than liquidation. The notes bear a fixed interest rate of 9.25% p.a. payable quarterly starting from
15 September 2017. Interest payments may be cancelled by the Group at any time.

On 6 December 2012 and 18 February 2013 the Group issued USD denominated subordinated bonds with
a nominal value of USD 125 million with zero premium and USD 75 million at a premium of 7.0%
respectively, at 14.0% coupon rate (applicable to both tranches) maturing on 6 June 2018. The Group
redeemed all outstanding bonds of these issues at maturity.

During the year ended 31 December 2018 and before the maturity date the Bank repurchased
USD 1.3 million outstanding principal amount at an average purchase price 101.63% of the bonds nominal
value.

During the year ended 31 December 2017 the Bank repurchased USD 105 million outstanding principal
amount at an average purchase price 110.32% of the bonds nominal value. As at 31 December 2017
USD 84 million outstanding principal amount remains in issue.

The net gains from repurchase of subordinated bonds for the year ended 31 December 2018 in the amount
of RR 1 million are recognised in the consolidated statement of profit or loss and other comprehensive
income (2017: losses in the amount of RR 619 million).

The claims of lenders against the Group in respect of the principal and interest on these bonds are
subordinated to the claims of other creditors in accordance with the legislation of the Russian Federation.

The perpetual subordinated loan participation notes and subordinated bonds are traded on the Global
Exchange Market. Interest rate, maturity and geographical risk concentration analysis of subordinated debt
is disclosed in Note 34. Refer to Note 39 for the disclosure of the fair value of financial instruments.

Insurance Provisions

In millions of RR

31 December

2018

31 December

2017

Insurance Provisions

Provision for unearned premiums

1,760

1,117

Loss provisions

1,099

723

Total Insurance Provisions

2,859

1,840

TCS Group Holding PLC
Notes to the Consolidated Financial Statements – 31 December 2018

Insurance Provisions (Continued)

Movements in provision for unearned premiums for the year ended 31 December 2018 and 2017 are as
follows:

In millions of RR

2018

2017

Gross

provision

Reinsurer’s

share of

provision

Provision

net of

reinsurance

Gross

provision

Reinsurer’s

share of

provision

Provision

net of

reinsurance

Provision for unearned

premiums as at 1 January

1,117

(1)

1,116

300

Change in provision, gross

643

817

Change in reinsurers’ share of

provision

(2)

(1)

Provision for unearned

premiums as at
31 December

1,760

(3)

1,757

1,117

(1)

1,116

Movements in loss provisions for the year ended 31 December 2018 and 2017 are as follows:

In millions of RR

OCP and

IBNR

URP Provision for claims

handling expenses

Total loss

provisions

Loss provisions as at 1 January 2017

368

467

Change in provision

150

115

328

Netting with deferred acquisition costs

(72)

Loss provisions as at 31 December 2017

518

122

723

Change in provision

447

(65)

385

Netting with deferred acquisition costs

(9)

Loss provisions as at 31 December 2018

965

125

1,099

Other Financial and Non-financial Liabilities

In millions of RR

31 December

2018

31 December

2017

Other Financial Liabilities

Settlement of operations with plastic cards

4,904

5,271

Trade payables

3,189

2,538

Credit related commitments

2,041

Other

1,067

234

Total Other Financial Liabilities

11,201

8,043

Other Non-financial Liabilities

Accrued administrative expenses

1,438

1,283

Taxes payable other than income tax

1,212

1,008

Other

791

505

Total Other Non-financial Liabilities

3,441

2,796

TCS Group Holding PLC
Notes to the Consolidated Financial Statements – 31 December 2018

Other Financial and Non-financial Liabilities (Continued)

Settlements of operations with plastic cards include funds that were spent by customers of the Bank by
usage of plastic cards but have not yet been compensated to payment systems by the Bank. Accrued
administrative expenses are mainly represented by accrued staff costs.

Movements in the credit loss allowance for credit related commitments were as follows:

In millions of RR

Stage 1

(12-months

ECL)

Stage 2

(lifetime ECL

for SICR)

Stage 3

(lifetime ECL
for credit im-

paired)

Total

At 1 January 2018

1,701

1,723

Movements with impact on credit loss allowance for

credit related commitments charge for the year:

New originated or purchased

893

Transfers:

- to lifetime (from Stage 1 to Stage 2)

(23)

(5)

- to credit-impaired (from Stage 1 and Stage 2 to

Stage 3)

(53)

(7)

(60)

- recovered (from Stage 3 to Stage 2 and from

Stage 2 to Stage 1)

(16)

(11)

Movements other than transfers and new originated

or purchased loans

(499)

Total movements with impact on credit loss

allowance for credit related commitments
charge for the year

323

(5)

318

At 31 December 2018

2,024

2,041

The main movements in the table presented above are described as follows:

new originated or purchased category represents the day one ECL for the undrawn part of the
purchased loans and loans to new borrowers (for this particular product) before the first payment
became due;

transfers  between  Stage  1,  2  and  3  due  to  undrawn  limits  experiencing  significant  increases  (or
decreases) of credit risk or becoming credit-impaired in the period, and the consequent “step up” (or
“step  down”)  between  12-month  and  Lifetime  ECL.  Transfers  present  the  amount  of  credit  loss
allowance  for  loan  commitments  charged  or  recovered  at  the  moment  of  transfer  of  a  loan
commitment among the respective stages;

movements other than transfers and new originated or purchased loans category represents all other
movements of ECL for loan commitments in particular related to changes in gross carrying amounts
of associated loans, ECL model assumptions and other.

Interest rate, maturity and geographical risk concentration analysis of other financial liabilities is disclosed
in Note 34. Refer to Note 39 for disclosure of fair value of other financial liabilities. Refer to Note 36 for
analysis of loan commitments by credit risk grades.

TCS Group Holding PLC
Notes to the Consolidated Financial Statements – 31 December 2018

Share Capital

In millions of RR except for

the number of shares

Number of

authorised

shares

Number of

outstanding

shares

Ordinary

shares

Share

premium

Treasury

shares

Total

At 1 January 2017

190,479,500 182,638,825

188

8,623

(1,473)

7,338

GDRs buy-back

(397)

GDRs and shares

transferred under MLTIP

283

At 31 December 2017

190,479,500 182,638,825

188

8,623

(1,587)

7,224

Increase of number of

authorised shares

1,291,266

GDRs buy-back

(2,455)

GDRs and shares

transferred under MLTIP

372

At 31 December 2018

191,770,766 182,638,825

188

8,623

(3,670)

5,141

In May 2018 the Company’s shareholders approved a resolution to increase  authorised share capital to
USD  7,670,830.64  by  the  creation  of  1,291,266  new  undesignated  ordinary  shares  of  nominal  value
USD 0.04 each. As at 31 December 2018 the total number of authorised shares is 191,770,766 shares
(31 December 2017: 190,479,500 shares) with  a  par  value  of USD  0.04 per share (31 December 2017:
USD 0.04 per share).

As at 31 December 2018 and 2017 treasury shares represent GDRs of the Group repurchased from the
market for the purposes permitted by Cyprus law including contribution to MLTIP.

During the year ended 31 December 2018 the Group purchased 2,094,126 GDRs at market price for
RR 2,455 million (2017: 602,148 GDRs at market price for RR 397 million). Refer to Note 41.

Basic earnings per share are calculated by dividing the profit or loss attributable to owners of the Company
by the weighted average number of ordinary shares in issue during the year, excluding treasury shares.
For the purpose of calculating diluted earnings per share the Group considered the dilutive effect of share
options granted under MLTIP. Refer to Note 41.

Earnings per share are calculated as follows:

In millions of RR

2018

2017

Profit for the year attributable to ordinary shareholders of the Company

27,088

19,019

Weighted average number of ordinary shares in issue used for basic earnings

per ordinary share calculation (thousands)

176,425

176,303

Weighted average number of ordinary shares in issue used for diluted earnings

per ordinary share calculation (thousands)

181,631

182,140

Basic earnings per ordinary share (expressed in RR per share)

153.54

107.88

Diluted earnings per ordinary share (expressed in RR per share)

149.14

104.42

Information on dividends is disclosed in Note 31.

TCS Group Holding PLC
Notes to the Consolidated Financial Statements – 31 December 2018

Net margin

In millions of RR

Note

2018

2017

Interest income calculated using the effective interest rate method

Loans and advances to customers, including:

Credit card loans

63,218

53,596

Cash loans

4,029

1,083

POS loans

1,454

793

Loans to SME

Secured loans

Car loans

Debt securities and repurchase receivables at FVOCI

10, 12

5,753

Placements with other banks and non-bank credit organizations with

original maturities of less than three months

440

510

Other interest income

Investment securities available for sale and repurchase receivables

3,267

Total Interest income calculated using the effective interest rate

method

75,041

59,317

Other similar income

Debt securities and repurchase receivables at FVTPL

456

224

Total Interest Income

75,497

59,541

Interest expense calculated using the effective interest rate

method

Customer accounts, including:

Individuals

- Current/demand accounts

5,922

4,165

- Term deposits

5,283

5,453

SME

800

421

Other legal entities

Subordinated debt

2,089

2,022

RR denominated bonds

706

682

Euro-Commercial Papers

124

Due to banks

Total Interest expense calculated using the effective interest rate

method

15,106

12,824

Expenses on deposit insurance

1,174

641

Net margin

59,217

46,076

«Тинькофф Банк». Консолидированная финансовая информация (2018 год) - часть 5