Tinkoff Bank launches loans to SMEs

Tinkoff Bank launches loans to SMEs
07.08.2018 02:14 pm

Tinkoff Bank launches loans to SMEs

Banking

TCS Group Holding PLC (TCS LI) (the "Group"), Russia's leading digital provider of financial and lifestyle products and services, announces that its Tinkoff Business unit is expanding the range of services it offers to small and medium-sized businesses and launching loans for companies and entrepreneurs.

Since its launch in 2016, Tinkoff Business has built a highly successful SME ecosystem with attractive tariff plans, a full range of services for cash and settlement management, accounting, payroll projects, trade acquiring, Internet Acquiring, POS-crediting and bank guarantees for participants in public procurement. Now, Tinkoff Business will also offer three types of loans to SME customers: all-purpose loans, overdraft and revolving credit.

These SME lending services will take advantage of Tinkoff Bank’s award-winning mobile application and website, giving Russian entrepreneurs access to fast loans with just a couple of clicks within their personal account – and no additional conditions.

Fedor Bukharov, head of Tinkoff Business, commented: 
“Tinkoff Business is one of the largest drivers of the Group’s fee-and-commissions revenue, and is growing by over 90 thousand new customers per quarter. The launch of lending to SMEs is the next big step in scaling up our SME business line. We understand the needs of our customers and aim to give them a full range of services to help them quickly resolve key business issues.”

Related News

BMO Partners with ACI Worldwide to Drive Payments Modernization

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time ... Read more »

NatWest becomes first bank to launch revolutionary syndicated lending platform

NatWest has become the first bank to integrate with a new blockchain-based platform that aims to dramatically transform and streamline the global syndicated loans market. In... Read more »

Finance Industry Receives Cheque Imaging Update at Annual Conference

Leading figures from a number of banks, building societies and other financial institutions have been provided with a valuable update on the progress of the new Image Clearing... Read more »

UOB launches Southeast Asia's first Engagement Lab to meet the banking needs of the region's booming digital generation

United Overseas Bank (UOB) today announced the launch of its pan-regional Engagement Lab (eLab), which will enable the Bank to personalise the way in which it converses and... Read more »

Starling Bank’s Anne Boden tops Payments Power 10 and other highlights from PayExpo 2018

Last week, banking, retail and gaming professionals attended the UK’s largest payments event, PayExpo 2018, at its new... Read more »

Wanfuteng Bank now live with Probanx CorePlus

iSignthis Ltd (“the Company”) is pleased to announce that its wholly owned subsidiary, Probanx Information Systems Ltd (“Probanx”) has completed integration with Wanfuteng Bank... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App