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All rights to the Tinkoff brand belong to Tinkoff Bank

Earlier, Russian-born tycoon and former owner of Tinkoff Bank, Oleg Tinkov, revealed that the recall process of the Tinkoff brand from the Russian bank had begun

© klevo/Shutterstock/FOTODOM

MOSCOW, November 1. /TASS/. All rights to the Tinkoff brand belong to the credit institution, the press service of the bank told TASS commenting on Oleg Tinkov’s statement about recalling the Tinkoff brand.

"All rights to the Tinkoff brand belong to Tinkoff Bank," the credit institution stated.

Russian-born tycoon and former owner of Tinkoff Bank, Oleg Tinkov, revealed earlier on Tuesday that the recall process of the Tinkoff brand from the Russian bank had begun.

"I am engaging lawyers to start revoking [the] Tinkoff brand from the bank," he wrote on Instagram (banned in Russia; owned by the Meta corporation, recognized as extremist in the Russian Federation).

It was reported earlier that Tinkov had decided to renounce his Russian citizenship. "I have taken the decision to abandon my Russian citizenship," he wrote on his Instagram page. The post was deleted the next day. Tinkov later wrote that the post "mysteriously" disappeared. The certificate of his renunciation of Russian citizenship that he had attached to his comment is dated October 26.

In late March, the founder of TCS Group - the parent company of Tinkoff Bank - Oleg Tinkov was added to the UK’s sanctions list. After that, family trusts associated with Tinkov got rid of their entire stake in the company, and the Interros Group became the holder of approximately 35.08% of the company's shares.

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