Interim report January - September 2020

Interim report January - September 2020

PR Newswire

STOCKHOLM, Oct. 15, 2020

STOCKHOLM, Oct. 15, 2020 "Once again, TF Bank delivers a quarter with strong growth. The loan portfolio increased by 7.5 % during the third quarter, and growth over the past 12 months amounts to 24 %. The consumer loans in Norway and the credit cards in Germany have been the main growth drivers in the last months. At the same time, we have maintained the bank's strengthened capital and liquidity position." - Mattias Carlsson, CEO

January - September 2020 compared with January - September 2019

July - September 2020 compared with July - September 2019

Significant events, January - September 2020

For further information, please contact:

Mikael Meomuttel
CFO and Head of Investor Relations
+46 (0)70 626 95 33

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. The information was provided for publication, through the agency of the contact person set out above, on 15 October 2020 at 07:00 CET.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/tf-bank-ab--publ-/r/interim-report-january---september-2020,c3216227

The following files are available for download:

https://mb.cision.com/Main/13973/3216227/1319182.pdf

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