TF Bank AB (publ): Interim Report January - June 2020

TF Bank AB (publ): Interim Report January - June 2020

PR Newswire

STOCKHOLM, July 14, 2020

STOCKHOLM, July 14, 2020 /PRNewswire/ -- "In the second quarter, the humanitarian consequences of Covid-19 have become increasingly evident in Europe. At the same time, the economic effects of the virus outbreak are still difficult to overlook. We have therefore chosen a restrictive approach for the new lending within Consumer Lending over most of the quarter, which has strengthened the bank's capital and liquidity. The growth in the Ecommerce Solutions and Credit Cards segments has been strong during the quarter." - Mattias Carlsson, CEO 

January - June 2020 compared with January - June 2019           

April - June 2020 compared with April - June 2019           

Significant events, January - June 2020           

TF Bank in brief

TF Bank was founded 1987 and 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. Deposit and lending activities are conducted in Sweden, Finland, Norway, Denmark, Estonia, Latvia, Lithuania, Poland, Germany and Austria through branch or cross-border banking. From 2020 the operations are divided into three segments: Consumer Lending, Ecommerce Solutions and Credit Cards.

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, through the agency of the contact person set out above, on 14 July 2020 at 07:00 CET.

For further information, please contact:
Mikael Meomuttel, CFO and Head of Investor Relations +46 (0)70 626 95 33

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