INTERIM REPORT January-June 2016

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.

About Us

TF Bank was founded in Sweden in 1987 for the purpose of offering financing solutions to customers who ordered goods from mail-order catalogues. Over time, the Group has grown both in terms of product offering, profit and geographical reach. Currently, TF Bank offers consumer banking services through a highly automated, in-house developed IT-platform designed for scalability and adaptability to different products, jurisdictions, currencies and digital banking solutions. TF Bank conducts banking operations with deposits and lending to private customers in Sweden and Finland, lending to private customers in Norway and Poland as well as cross-border lending in Denmark, Estonia and Latvia. The Group’s principal business is lending to the public through two segments: Direct to Consumer and Sales Finance. Direct to Consumer comprises mainly of loans of limited amounts to private customers. Sales Finance provides funding solutions for the handling of invoice and instalment payments.

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