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

FELLOW BANK PLC PRESS RELEASE 7.3.2023 AT 4:20 PM EET

In February 2023, Fellow Bank provided funding worth of EUR 23.3 million. The loan portfolio totaled EUR 155.8 million and deposits totaled EUR 232.7 million at the end of the month. In February, the number of customers was about 48 400.

At the beginning of the year, Fellow Bank expanded its range of services with both a credit card and current account and joined the pan-European payment system maintained by EBA Clearing. These activities support the bank's strategy to offer the smoothest digital everyday banking services to individuals and SMEs. Joining the SEPA payment network also enables more versatile Banking-as-a-Service solutions for partners and their customers.

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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