TF Bank has appointed Carnegie as liquidity provider

TF Bank AB (publ) (Nasdaq Nordic Exchange: TFBANK) has entered into an agreement with Carnegie Investment Bank AB (publ) so that Carnegie shall act as liquidity provider in the company’s stock as from today November 17, 2016, within the framework of NASDAQ Stockholm AB:s (Börsens) system for liquidity guarantees.

The purpose of the guarantee is to enhance liquidity in the stock and reduce the difference between buy and selling prices.  

The agreement, in short, implies that the liquidity provider will offer buy and sell prices in the TF Bank stock and thereafter will commit to buy and sell shares at these prices. 

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 November 17 at 08.00 CET.

About TF Bank

TF Bank is an online-based niche bank offering consumer banking services through a highly automated, in house developed, IT platform. The Company’s IT platform is designed for scalability and adaptability to different products, jurisdictions, currencies and digital banking solutions. TF Bank conducts banking operations with deposits and lending to retail customers in Sweden and Finland, lending to retail customers in Norway, Poland, Denmark, Estonia and Latvia.

As at 30 September, 2016, TF Bank had an outstanding loan portfolio of SEK 2 357 million. TF Bank has grown its total operating income from SEK 272 million in 2012 to SEK 388 million in 2015, corresponding to a compounded annual growth rate of 13 percent.