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INTERIM REPORT January-June 2016

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TOTAL OPERATING INCOME JAN-JUN 2016 COMPARED WITH JAN-JUN 2015

SEK209 MILLION +10 %

LOAN PORTFOLIO 30 JUNE 2016 COMPARED WITH 31 DECEMBER 2015

SEK 2.2 BILLION +19 %

 FIRST HALF YEAR, JANUARY-JUNE 2016 COMPARED WITH JANUARY-JUNE 2015

• Total operating income increased by 9.8 % to SEK 208.7 million

• The loan portfolio amounted to SEK 2,185 million on 30 June 2016, an increase of 18.9 % since the end of 2015

• Operating profit decreased by 22.1 % to SEK 54.4 million

• Adjusted 1 operating profit increased by 3.5 % to SEK 72.3 million

• Net profit decreased by 23.1 % to SEK 42.3 million

• Adjusted 1 net profit increased by 2.3 % to SEK 56.3 million

• The cost/income ratio was 38.5 % (33.8)

• CET 1 capital ratio was 14.3 % and the total capital ratio was 18.5 %

• Earnings per share amounted to SEK 2.14 (2.62)

• Adjusted 1 earnings per share amounted to SEK 2.79 (2.62)

SECOND QUARTER, APRIL-JUNE 2016 COMPARED WITH APRIL-JUNE 2015

• Total operating income increased by 12.8 % to SEK 108.1 million

• Operating profit decreased by 32.3 % to SEK 26.4 million

• Adjusted 1 operating profit decreased by 2.1 % to SEK 38.2 million

• Net profit decreased by 38.5 % to SEK 19.6 million

• Adjusted 1 net profit decreased by 9.7 % to SEK 28.8 million

• The cost/income ratio was 38.8 % (32.4)

• Earnings per share amounted to SEK 1.01 (1.51)

• Adjusted 1 earnings per share was SEK 1.44 (1.51)

 SIGNIFICANT EVENTS, JANUARY-JUNE 2016

On 14 June TF Bank listed its shares on Nasdaq Stockholm. The offer was well received by the market.

In total 5,661,553 shares (26.3 %) offered at SEK 77 per share.

• The Norwegian subsidiary BB Finans AS submitted an application for a bank license to the Norwegian Financial Supervisory Authority 23 June. The company has a goal of obtaining a Norwegian bank license before the end of 2016.

Comment from the President & CEO Declan Mac Guinness

”We feel confident in our long-term financial targets and believe that the current momentum will continue during the second half of 2016.

1 Adjustments of approximately SEK 17.9 million have been made for one-off costs related to the initial public offering on Nasdaq Stockholm.

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