TF Bank’s Swedish subsidiary has been granted a licence to operate as a deposit taking financial institution
TF Bank’s Swedish subsidiary TFB Service AB has been granted a licence to operate as a deposit taking financial institution by the Swedish Financial Supervisory Authority (FI). The intention of the licence is to transfer the Nordic operations of Ecommerce Solutions to a separate entity. Today, the operations are part of TF Bank AB under the Avarda brand.TF Bank’s Nordic operations in the Ecommerce Solutions segment is expanding heavily and the Avarda brand has experienced a commercial breakthrough in the Nordic markets over the past year. At the end of March 2022, the segment’s loan