TF Bank 2016 Annual Report has been published

TF Bank Annual Report for 2016 and the risk- and capital adequacy report has been published on www.tfbankgroup.com

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For further information please contact:

Sture Stölen, Investor Relations, 46 723 68 65 07, ir@tfbank.se

The information provided in this press release/report is such that TF Bank AB (publ) is required to disclose pursuant to the Swedish Financial Instruments Trading Act (1991:980), the Swedish Securities Markets Act (2007:528) and/or Regulation (EU) No 596/2014 on market abuse. The information was provided on April 5, 2017 at 0900 CET.

TF Bank is an online-based niche bank offering consumer banking services through a highly automated, in house developed, IT platform. The Company’s IT platform is designed for scalability and adaptability to different products, jurisdictions, currencies and digital banking solutions. TF Bank conducts banking operations with deposits and lending to retail customers in Sweden, Norway and Finland, lending to retail customers in Poland, Denmark, Estonia and Latvia. 

As at December 30, 2016, TF Bank had an outstanding loan portfolio of SEK 2 489 million. TF Bank has grown its total operating income from SEK 272 million in 2012 to SEK 441 million in 2016, corresponding to a compounded annual growth rate of 13 percent. 

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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