STOCKHOLM, Feb. 7, 2019
STOCKHOLM, Feb. 7, 2019 /PRNewswire/ -- "TF Bank ended 2018 with a strong last quarter for both segments. The adjusted operating profit of SEK 65 million was 29% higher than in the corresponding quarter in 2017. Rising interest income from a growing loan portfolio was the main driving force behind the increased net profit. The loan portfolio increased by SEK 252 million in the fourth quarter and growth for the full year totalled 41%. Our ambition for 2019 is to achieve continued growth in carefully selected segments and markets." – Mattias Carlsson, CEO.
January – December 2018 compared with January – December 2017
Significant events, January – December 2018
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 7 February 2019 at 07:00 CET.
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CFO and Head of Investor Relations
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