TF Bank Group to start offering deposits in Norway

TF Bank AB (publ) (Nasdaq Nordic Exchange: TFBANK) will from today offer deposits for its customers in Norway.

The establishment of deposits in Norway is part of the group’s strategy to diversify its funding to include deposits in NOK and is therefore a complement to the group’s existing deposit bases in Sweden and Finland.

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 January 26, 2017 at 10.50 CET.

About TF Bank

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 and Finland, lending to retail customers in Norway, Poland, Denmark, Estonia and Latvia.

As at 30 September, 2016, TF Bank had an outstanding loan portfolio of SEK 2 357 million. TF Bank has grown its total operating income from SEK 272 million in 2012 to SEK 388 million in 2015, corresponding to a compounded annual growth rate of 13 percent.