INTERIM REPORT  January-March 2017

"Profitable growth in all countries and continued geographic diversification." Declan Mac Guinness, CEO

FIRST QUARTER, JANUARY-MARCH 2017 COMPARED WITH JANUARY-MARCH 2016

• Total operating income increased by 18.6 % to SEK 119.3 million

• The loan portfolio amounted to SEK 2,755 million on 31 March 2017, an increase of 10.7 % since the end of 2016

• Operating profit increased by 55.1 % to SEK 43.4 million

• Adjusted operating profit increased by 27.3 % to SEK 43.4 million 1

• Net profit increased by 46.3 % to SEK 33.3 million 

• Adjusted net profit increased by 21.0 % to SEK 33.3 million 1

• The cost/income ratio was 38.8 % (38.3)

• CET1 capital ratio was 13.6 % and the total capital ratio was 17.0 %

• Earnings per share amounted to SEK 1.59 (1.13)

• Adjusted earnings per share amounted to SEK 1.59 (1.35) 1

SIGNIFICANT EVENTS, JANUARY-MARCH 2017

• In January TF Bank started to offer deposits for its customers in Norway.

• Increased focus on credit cards in Norway.

1 Adjustments have been made for items affecting comparability related to the initial public offering.

For further information please contact:

Sture Stölen, Investor Relations, 46 723 68 65 07, ir@tfbank.se

The information provided in this press release/report is such that TF Bank AB (publ) is required to disclose pursuant to the Swedish Financial Instruments Trading Act (1991:980), the Swedish Securities Markets Act (2007:528) and/or Regulation (EU) No 596/2014 on market abuse. The information was provided on April 27 at 0800 CEST.

TF Bank in short

TF Bank is an Internet based niche bank that offers consumer banking services through its proprietary IT platform with a high degree of automation. The company’s IT platform is designed for scalability and adaptability to different products, countries, currencies and digital banking solutions. TF Bank conducts banking operations (deposits and lending) for private individuals in Sweden, Finland and Norway, lending to private individuals in Norway and Poland as well as cross-border lending activities in Denmark, Estonia and Latvia.