This is not the kind of bank or bank owner you might expect in Russia, a country that still has a reputation for bureaucracy, drab offices and an oligarch– and state-dominated banking system.
Oleg Tinkov is the founder of Tinkoff Credit Systems: a branchless Russian bank specializing in credit cards, with a heavy focus on marketing and the internet. Specialized retail lenders in Russia have rapidly outpaced conventional commercial banks over the past two years, and none more so than Tinkoff.
Tinkoff’s loan portfolio grew by almost 80% in 2010, by more than 100% in 2011 and almost 60% in the first half of 2012.
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