Baring Vostok is investing US$50m into Tinkoff Credit Systems Bank (TCS Bank), a Russian mid-sized lender specializing in credit services.  Oleg Tinkov, TCS Bank’s founder and majority owner, is currently developing a “branchless” model that will enable access to consumer credit in local stores. Baring Vostok will join Tinkov, Goldman Sachs and Vostok Nafta Investments as investors in the firm.