TF Bank plans to issue a primary capital instrument (AT1)

TF Bank AB plans to issue a primary capital instrument (AT1) with a nominal amount of 100 million Swedish Krona to facilitate the banks future expansion with optimal capital structure.

The new instrument is expected to be issued under the second quarter of 2018 if market conditions are deemed favorable. The instrument shall be listed for trading at Nasdaq Stockholm. Information about the instrument’s terms and conditions publicized at the time of the issuing.

For more information you may contact:
Mikael Meomuttel, CFO and Head of Investor Relations +46 (0)70 626 95 33

About TF Bank
TF Bank is an internet-based niche bank offering consumer banking services through its proprietary IT-platform with a high degree of automation. The company’s IT platform is designed for scalability and adaptation to different products, countries, currencies and digital banking solutions. TF Bank carries out deposit and lending activities with consumers in Sweden, Finland, Norway, Denmark, Poland, Germany, Estonia and Latvia through subsidiary, branch or cross-border banking. The business is divided into two segments: Consumer Lending and Ecommerce Solutions.

This is information which TF Bank is required to disclose under the EU Market Abuse Regulation. The information was provided for publication 4 May 2018 at 07:00 CET.

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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