Development of Fellow Bank's loan and deposit portfolio in December

FELLOW BANK PLC PRESS RELEASE 10.1.2023 AT 2:00 PM EET

In December 2022, Fellow Bank provided funding worth of EUR 25.4 million. The loan portfolio totaled EUR 159.9 million and deposits totaled EUR 246.8 million at the end of the month.

Fellow Bank has managed to grow its customer base in accordance with the targets since the start of banking operations in April 2022. At the end of 2022, the number of active customers was about 48 200.

Fellow Bank, which focuses on easy-to-use digital service channels, offers flexible financial services for SMEs and personal customers, as well as a competitive and secure return on deposits with savings accounts and time deposits. The service offering is gradually expanding. 

Fellow Bank reports on the development of the loan and deposit portfolio on a monthly basis. 

Further information

Teemu Nyholm, CEO, Fellow Bank Plc, teemu.nyholm@fellowpankki.fi, tel. +358 50 577 1028 

Fellow Bank in brief

Fellow Bank Plc is a new Finnish digital bank that helps both personal and business customers to manage their day-to-day finances in a flexible and straightforward manner. For savers, we offer an attractive interest rate on deposits. Fellow Bank Plc is regulated by the Financial Supervisory Authority of Finland and listed on Nasdaq Helsinki’s main list (FELLOW). www.fellowbank.com

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