Tinkoff Bank in 2017 will install its ATMs

Oleg Tinkov

Photo: Sergey Fadeichev / TASS

A private ATM network, according to Oleg Tinkov, the Bank will be established in major cities

Already in 2017 in major cities of Russia will be the first private ATMs Tinkoff Bank, said the head of the Board of Directors of the credit institution and owner of a controlling stake in TCS Group Holding (the parent company of Tinkoff Bank) Oleg Tinkov.

“We’ll have our own ATMs. This year we put a number of ATMs. Its ATM network will be in the big cities. We understand where our customers are, where they’re making money, and there will stand for our ATMs,” he told reporters on the sidelines of the fifth round of the all-Russian banking conference (quote via the portal Banki.ru).

Tinkov has refused to name the exact number of ATMs planned to be installed, explaining that while their installation will be carried out in a test mode, and the pace of network development may vary.

In October 2016, Tinkov admitted that the absence of its own ATM network inconvenience to many customers Tinkoff Bank, and therefore its management is considering the possibility of their installation.

“It will not just ATMs, and more. We think over this issue”, — said the banker, adding that the ATMs will help the Bank to provide customers with foreign exchange transactions.

In the same October 2016, Deputy CEO of Sberbank Stanislav Kuznetsov, said that Sberbank plans in 2017 to abandon the use of about 7-8 thousand ATMs. Currently, the network of Sberbank consists of approximately 80 thousand ATMs and self-service terminals, this means that in 2017 can be cleaned every tenth ATM.

Kuznetsov is assured that a program to reduce ATM network is planned “very well” to “not violate the provision of money of the population”.