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

FELLOW BANK PLC PRESS RELEASE 8.8.2022 AT 4:10 PM EEST

In July 2022, Fellow Bank provided funding worth of EUR 22.3 million. The loan portfolio totaled EUR 116.7 million and deposits totaled EUR 255.2 million at the end of the month.

At the beginning of July, we completed the acquisition of Mobify Invoices Oy, which focuses on the development of a mobile application for personal financial management. In the future, Mobify's application will complement the features of our mobile bank, and Mobify's development team will further strengthen Fellow Bank’s mobile development expertise.

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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