Tinkoff has been named Bank of the Year in Russia at the Bank of the Year Awards 2021, according to a statement distributed by the bank. The recognition was delivered by The Banker, a publication that is part of the Financial Times Group.
Tinkoff says the award touts its standard for banking excellence and that fact that it stands out now among its peers in terms of performance, strategic initiatives, and response to the Covid-19 pandemic.
Tinkoff said it was also recognized for its strong financial performance in 2020, which saw net profit increase by 22% and total assets grow by 48%. Additionally, it was highlighted for its digital efforts, including AI.
Stanislav Bliznyuk, Chairman of the Management Board at Tinkoff Bank, stated:
“We are delighted that The Banker has once again recognized Tinkoff’s leading position in Russia’s financial space. This year has seen us achieve many important milestones, ranging from being designated as a systemically important financial institution to launching new and innovative business lines, including Tinkoff Private that focuses on serving the modern affluent consumer. We are continuing to innovate and serve our expanding customer base, currently numbering almost 20 million people.’’
Tinkoff has previously won the award in 2013 and 2017.