Sberbank - TCS Group (TCSG) ... Debt Markets Today - September 23, 2020

Report

Sberbank

Alexander Golinsky ...

Alisa Zakirova
Andrew Keeley
Andrey Gromadin
Anna Kotelnikova
Ekaterina Sidorova
Kirill Rogachev
Nikolay Minko
Research Team

Debt Markets Today - September 23, 2020

CIS EUROBOND MARKETWith UST yields trading around level yesterday, Russian sovereign Eurobond prices were also flat. Issues in the middle of the curve outperformed, adding 0.2 pp.GOVERNMENT DEBTThe OFZ market remained under pressure yesterday. Yields ended 1-2 bps higher in the belly. Volumes came in at R31 bln. Nonresidents dominated the selling, which was absorbed by locals.STORIES> Finance Ministry could place R150-170 bln at today's OFZ auctions> Oil tax amendments approved by Duma> TCS Group: Potential sale to Yandex announced

23/09/2020 40 EN

Underlyings

TCS Group

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TCS Group Holding Plc Sponsored GDR Class A RegS

TCS Group Holding is a retail banking services group based in the Russian Federation. Co. is principally engaged in providing retail banking services in the Russian Federation through its subsidiaries, primarily Tinkoff Credit Systems. Co., through this subsidiary, fully licensed by the Central Bank of Russia and a member of the Deposit Insurance System, specializes in credit cards. Co. provides online retail financial services through a branchless operating platform. Co. also offers remote access to its financial products and services through its online banking as well as through mobile banking and high-volume call centers.

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US87238U2033 London Stock Exchange Cyprus

Provider

Sberbank

Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.

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Analysts

Alexander Golinsky

Alisa Zakirova

Andrew Keeley

Andrey Gromadin

Anna Kotelnikova

Ekaterina Sidorova

Kirill Rogachev

Nikolay Minko

Research Team

Other Reports on these Companies

EQS Group AG

TCS Group Holding PLC reports IFRS results for 4Q and FY 2022

TCS Group Holding PLC (TCS) TCS Group Holding PLC reports IFRS results for 4Q and FY 2022 15-March-2023 / 19:40 MSK The issuer is solely responsible for the content of this announcement. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION TCS Group Holding PLC reports IFRS results for 4Q and FY 2022 Total revenues grew 34% to RUB 366.2 bn in FY’22 (FY’21: RUB 273.9 bn) Total customers reached 28.9 mn in FY’22 (FY’21: 20.8 mn) Non-credit business lines amounted to 52% of revenues ROE was 10.9% in FY’22, reaching 21.5% in 4Q LIMASSOL, CYPRUS — 15 March 2023. TCS Group Holdin...

March 15, 2023 March 15, 2023 1 EN

EQS Group AG

TCS Group Holding PLC: notification of Board changes under LR9.6

TCS Group Holding PLC (TCS) TCS Group Holding PLC: notification of Board changes under LR9.6 20-Feb-2023 / 17:18 MSK Dissemination of a Regulatory Announcement, transmitted by EquityStory RS. The issuer is solely responsible for the content of this announcement. TCS Group Holding PLC: notification of Board changes under LR9.6 Limassol, Cyprus – 20 February 2023. TCS Group Holding PLC (LI: TCS, MOEX: TCSG) ("Tinkoff" or the "Company"), Russia's leading provider of online financial and lifestyle services via its Tinkoff ecosystem, today announces that Mrs Margarita Hadjitofi an...

February 20, 2023 February 20, 2023 1 EN

EQS Group AG

Correction: TCS Group Holding PLC: Headhunter Group plc Appoints Mr Sergey Arsenyev as Non-Executive Director

TCS Group Holding PLC (TCS) Correction: TCS Group Holding PLC: Headhunter Group plc Appoints Mr Sergey Arsenyev as Non-Executive Director 13-Jan-2023 / 21:19 MSK Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. TCS GROUP HOLDING PLC: Headhunter Group plc Appoints Mr Sergey Arsenyev as Non-Executive Director Correct news added below Limassol, Cyprus – 12 January 2023. TCS Group Holding PLC (TCS LI) (the "Group"), Russia's leading provider of online financial and lifestyle services via its T...

January 13, 2023 January 13, 2023 1 EN

Russian Consumer - Unemployment and Income: The Outlook for 2022

In its modern history, Russia has not suffered any major spikes in joblessness. Its unemployment rate has ranged from between 4.8% and 8.3% since 2005 (versus 3.6-9.9% in the US for the same period). However, considering the sectors currently affected and companies scaling down operations in Russia, we see 1.1 mln out of the total 71 mln jobs at risk. But because this comes amid a labor shortage, which emerged in late 2021, companies are aiming to hold on to personnel, while the government is announcing extra social support measures. In a conservative scenario, the unemployment rate could go u...

March 24, 2022 March 24, 2022 1 EN

Andrew Keeley ... (+3)

Andrew Keeley
Arthur Cherkesov
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Russian Banks - What We Know at This Stage

In this note, we sum up a few thoughts on the current situation for Russia's banks.> Immediate pressure weathered... Since the initial brief depositor panic in late February, deposit flows have stabilized and even turned into net inflows as banks have hiked short-term deposit rates to around 20%, in line with the key rate.> ... and the CBR has experience of crises. The CBR is well versed in supporting the banking system through crises and has already made important moves in providing liquidity and capital forbearance. The banking sector recapitalization that we saw in 2008-09 and 2014-15 is no...

March 24, 2022 March 24, 2022 1 EN

Anna Pilgunova ... (+3)

Anna Pilgunova
Anton Chernyshev
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Commodities Daily - March 24, 2022

> Oil continues to rise as CPC oil export terminal in Black Sea halts loadings and amid upbeat EIA report. In our view, Brent is likely to start stabilizing near $120/bbl today. Investors will be watching the EU-NATO summit in Brussels, where countries will discuss their ability to reduce their reliance on the Russian energy sector.> Gold advances as US Treasury yields slide. Gold rose from $1,920/oz to $1,945/oz yesterday, while the 10y US Treasury yield declined from 2.39% to 2.29%. Gold is trading near $1,940/oz as we write. Today, the market will be eyeing the preliminary March Markit PMIs...

March 24, 2022 March 24, 2022 1 EN

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Debt Markets Today - September 23, 2020

TCS Group Holding PLC reports IFRS results for 4Q and FY 2022

TCS Group Holding PLC: notification of Board changes under LR9.6

Correction: TCS Group Holding PLC: Headhunter Group plc Appoints Mr Sergey Arsenyev as Non-Executive Director

Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

Commodities Daily - March 24, 2022

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