Egidaco Investments PLC Group annual IFRS report for the year 2009 Egidaco Investments PLC Group ("Tinkoff") has published the Consolidated Financial Statements and Independent Auditor's Report for the year 2009 Tinkoff is pleased to announce the publication of its 2009 audited accounts. Tinkoff's auditors PriceWaterhouseCoopers (PWC) have issued an unqualified audit opinion on the company's IFRS Consolidated Financial Statements. Company financial and operating performance has been solid throughout a difficult year, producing a Net Income of $18.2m, making TCS Bank one of the best performing banks in its segment in Russia. We look forward to keeping you updated in the future. 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 web: www.eginvestments.net/ 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.
Egidaco Investments PLC Group annual IFRS report for the year 2009
| Source: Egidaco Investments PLC