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

FELLOW BANK PLC PRESS RELEASE 7.12.2022 AT 11:00 AM EET

In November 2022, Fellow Bank provided funding worth of EUR 30.6 million. The loan portfolio totaled EUR 159.4 million and deposits totaled EUR 252.7 million at the end of the month.

At the beginning of November, we raised the interest rate of our savings and deposit accounts. We currently pay 0.75% interest on the savings account and up to 2.5% p.a. for the term deposit offering a highly competitive option for both businesses and consumers looking for a safe interest return on their cash funds.

Fellow Bank, which focuses on easy-to-use digital service channels, currently 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 will gradually expand during 2022. 

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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