Shareholders of TCS Group, the parent company of Tinkoff Bank, have approved moving a cluster of affiliated entities from Cyprus to the Russian special administrative region. This update was reported by TASS, citing a formal statement from the organization.
Relocation refers to transferring or registering a company in a different jurisdiction. The process does not alter the corporate structure and does not modify the company’s assets or liabilities.
The statement notes that the company will wind down its registration in the Republic of Cyprus while initiating registration as a business within the Russian Federation. The move is described as a careful continuation of the group’s corporate footprint in Russia.
The decision was adopted at an extraordinary meeting of TCS Group shareholders, according to the agency report.
Separately, Salmon, the financial and technical startup founded by former senior Tinkoff executives on January 9, acquired a Philippine banking asset, Bank St Rosa. Pavel Fedorov, a founder of Salmon and a former co-chairman of Tinkoff, indicated that the Central Bank of the Philippines approved the signing of the related agreement.
The process is expected to be completed within several weeks. Upon closure, the startup is anticipated to hold a 59.7 percent stake in the credit institution involved in the deal.
Earlier reports noted that Tinkoff Bank ended its collaboration with blogger Anastasia Ivleeva following a party at the Moscow club Mutabor.