5 Apr 2022 17:21

TCS Group to obtain control over company developing ATM solutions

MOSCOW. April 5 (Interfax) - Tinkoff Group is acquiring a 51% stake in Russian ATM innovation solutions developer Bankom from its sole owner Sergei Rabotko, the group told Interfax.

Rabotko will remain the co-owner and CEO of Bankom.

TCS LLC (a TCS Group entity) had already become the owner of 30.85% of Bankom LLC on April 1. Rabotko still owns 69.15% of the company, according to the Unified State Register of Legal Entities.

Bankom specializes in providing a full range of services for ATMs, POS terminals and other payment equipment (from distribution, repair and branding to creation of technological solutions and modernization of devices per individual order). The company includes service and design departments, adaptive manufacturing, an assembly shop and a creative solutions laboratory.

Tinkoff Bank has been working with Bankom since the launch of its ATM network, the lender said. The company will be integrated into the group's ecosystem, and will continue to develop innovative solutions for it and provide service support. At the same time, it is envisaged that the company will continue to provide services to other clients in the market.

"Tinkoff ATMs are an important channel of communication with our clients. Given the demand for this area, we decided to integrate Bankom into the Tinkoff ecosystem to strengthen the bank's internal competencies. This will give us the opportunity to update ATMs even faster and implement even bolder solutions. It will also significantly reduce the cost of maintaining the ATM network, which exceeds 3,300 units," Tinkoff Bank deputy head Anatoly Makeshin was quoted as saying in the statement.

The Oleg Tinkov family trust is the principal shareholder of TCS Group with a stake of 35.1%.

Tinkoff Bank in 2021 ranked 13th in terms of assets in the Interfax-100 ranking prepared by the Interfax Center for Economic Analysis.