TCS Group Holdings reported IFRS net income of ₽10.1 billion for the first nine months of 2022, down 78.4% from ₽46.8 billion in the previous year. Meanwhile, the group's net interest income rose 6.2% to ₽103.1 billion versus ₽97.1 billion a year earlier, while commission income more than doubled to ₽64.5 billion. The cost of risk rose significantly in the first nine months of 2022 compared to the same period last year, approaching an average of about 10%. The reason for this was the conservative approach of TCS Group Holdings to the formation of reserves, taking into account macroeconomic indicators, says the press release.