STOCKHOLM, Oct. 25, 2018
STOCKHOLM, Oct. 25, 2018 /PRNewswire/ -- "The strong growth continued during the third quarter and the loan portfolio surpassed SEK 4 billion in August. At the same time, the diversification of the bank's funding, geographically and with longer maturity, has continued. Higher interest income combined with lower loan losses increased the operating profit of the quarter to SEK 63 million, which is 22 % higher than the corresponding quarter in 2017." – Mattias Carlsson, CEO.
January – September 2018 compared with January – September 2017
Significant events, January – September 2018
After the reporting period
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TF Bank in brief
TF Bank is an internet-based niche bank offering consumer banking services and e-commerce solutions through a proprietary IT platform with a high degree of automation. The platform is designed for scalability and adaptability to different products, countries, currencies and digital banking solutions. TF Bank carries out deposit and lending activities for about 1 million consumers in Sweden, Finland, Norway, Denmark, Poland, Germany, Estonia, Latvia and Lithuania through subsidiary, branch or cross-border banking. In its Ecommerce Solutions segment, TF Bank offer next-generation payment and checkout solutions for online retailers in the Nordics, Estonia and Poland. TF Bank is listed at Nasdaq Stockholm.
This is information which TF Bank is required to disclose under the EU Market Abuse Regulation and the Securities Market Act. The information was provided for publication 25 October 2018 at 07:00 CET.
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