Tinkoff to Buy Stake in SPB Exchange

  • Banking
  • 07.06.2021 08:57 am

Today, Tinkoff signed a Cooperation Memorandum with the Non-Profit Association for the Development of the RTS Financial Market (NP RTS Association), a primary shareholder of SPB Exchange, agreeing to purchase a stake of up to 7.5% in SPB Exchange from the NP RTS Association. The agreement was signed on the sidelines of the 2021 St. Petersburg International Economic Forum.

The parties agreed to unite their efforts to extend the list of financial instruments traded on SPB Exchange. Tinkoff and the NP RTS Association intend to boost further development of the Russian securities market, both primary securities and derivatives, including options on international securities.

Tinkoff Investments is one of the largest traders on SPB Exchange, topping the ratings in trading volumes, the number of registered and active customers, as well as customers’ assets. In 2020, Tinkoff Investments increased the number of its customers fivefold, with customers’ profits reaching RUB 30 billion. Today Tinkoff Investments continues to develop its informational and educational services available both in the mobile app and on the corporate website tinkoff.ru. Since the launch of its Investment Guide, more than 1.2 million users have completed all of its tasks. The Pulse social network maintained by Tinkoff Investments has 1.2 million registered users.

Stanislav Bliznyuk, Chairman of the Management Board, Tinkoff Bank:

SPB Exchange is our key partner in international securities trading; Tinkoff Investments’ customers complete hundreds of thousands of transactions every day. Having signed the Cooperation Memorandum, we can both strengthen our partnership and jointly develop and present investors with a wider range of financial instruments, including complex investment products. This will help us to proactively shape a favourable environment for the further development of brokerage services in Russia.” 

Roman Goryunov, President of NP RTS Association, Board Member of the SPB Exchange:

“SPB Exchange is continuing to grow and develop as an independent market platform that establishes a corporate structure for its financial intermediaries as both partners and shareholders. To achieve this goal, NP RTS Association continually decreases its stake at SPB Exchange, while inviting key traders to become partners. For this reason, the signing of this Cooperation Memorandum with our long-standing partner Tinkoff is a consistent step in SPB Exchange’s development path. We noticed a long time ago a strong similarity in our companies’ DNA. For many years now, the Tinkoff team has been shaping banking trends and has been considered an eternal generator of ideas in any sphere attracting its attention. Tinkoff Investments trading platform further confirms this reputation: the service has been in high demand from its launch and has sparked a revolution in the Russian investment market. Tinkoff has become our leading partner, while topping the rating of financial intermediaries present on SPB Exchange. I’m certain that we will continue to proactively contribute to the development of our companies to benefit the Russian financial market.” 


Related News