A high-profile litigation between a simple client of a bank from Voronezh Dmitry Agarkov and Tinkoff Credit Systems (TCS) ended in a ceasefire. Dmitry Agarkov, who talentedly “unwound” the bank to grant a loan with a zero interest rate, unexpectedly announced the termination of litigation, thereby dispelling his reputation as a hero that was hardly formed among the people.
The excessively high interest rates that Russian banks are famous for have generated a latent hostility in society towards a credit institution. The heated irritation of the Russians, who were forced to constantly take loans on unfavorable conditions, erupted sharply thanks to Voronezh Dmitry Agarkov. In 2008, an ordinary Russian citizen drew a finger around the employees of Tinkoff Credit Systems (TKS) Bank, drawing up an agreement on his own terms. In the loan agreement, Agarkov indicated a rate of 0 percent, which was not noticed by bank employees when signing the questionnaire. Continue reading