Owner denounces “massacre”: Bank renames itself after criticism of Putin

Owner denounces “massacre”.
Bank renames itself after criticizing Putin

Banker Tinkov sharply criticized Russian President Putin on social networks for his invasion of Ukraine. While thousands of users are celebrating his contributions, many Russians are closing their accounts at his Tinkoff bank. Now this should get a new name.

After banker Oleg Tinkov’s sharp criticism of the Ukraine war, his financial institution, Tinkoff Bank, announced a renaming. “The company has been preparing for the move for a long time and recent events make this decision even more urgent,” the bank said on its Telegram channel.

As the second largest private bank in Russia, Tinkoff has long outgrown its original brand name. “For the happiness of our 20 million clients, we have decided to leave the Tinkoff brand behind and continue to develop new financial products and services in the Russian market under a new distinctive name.” The company founder Oleg Tinkow wishes the company success and a speedy recovery, it says at the end of the message.

The renaming is likely to be the company’s response to Tinkow’s criticism of the Ukraine war started by Russian President Vladimir Putin. The billionaire had criticized the war on social networks as “pointless”, a “massacre” and a “shitty war” and claimed that 90 percent of Russians were against it. The entry made waves.

Within a few hours, 100,000 users “liked” him online. At the same time, many Russians cut up their Tinkoff credit cards and canceled their accounts. Tinkow himself has mainly lived abroad since he became ill with leukemia a few years ago. According to media reports, he gave up the majority stake in Tinkoff’s parent company last year, but still holds the blocking minority.

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