Year-end Report January – December 2019
“During the fourth quarter, TF Bank’s loan portfolio increased by 9 % in local currencies. The expansion in Germany was intensified towards the end of the year, and the credit card business is an exciting part of the bank’s future growth. After the year-end, the subsidiaries BB Bank and Avarda were merged with TF Bank. The mergers simplify the legal group structure and enable a higher internal efficiency.” – Mattias Carlsson, CEOJanuary – December 2019 compared with January – December 2018 · The loan portfolio has increased by 46 % to SEK 6,496 million during the year · Operating