The total loan portfolio amounted to SEK 17,960 milion at the end of October. Compared to October 2022, the loan portfolio has increased by 23 % in local currencies.
| Month | Oct-23 | Oct-22 | Change |
| Consumer Lending | |||
| New lending, SEK million | 279 | 506 | -45 % |
| Credit Cards | |||
| New lending, SEK million | 1,051 | 566 | 86 % |
| Ecommerce Solutions | |||
| Transaction volume*, SEK million | 1,386 | 881 | 57 % |
| Cumulative for the year | Jan-Oct 23 | Jan-Oct 22 | Change |
| Consumer Lending | |||
| New lending, SEK million | 4,664 | 4,957 | -6 % |
| Credit Cards | |||
| New lending, SEK million | 8,404 | 4,207 | 100 % |
| Ecommerce Solutions | |||
| Transaction volume*, SEK million | 10,802 | 7,115 | 52 % |
*The sum of all purchases that go through TF Bank’s payment solutions
All figures for October 2023 are preliminary.
For further information, please contact:
Mikael Meomuttel, CFO and Head of Investor Relations +46 (0) 70 626 95 33
The information was provided for publication on November 13, 2023 at 08.30 CET.
TF Bank in brief
TF Bank was founded 1987 and is digital bank offering consumer banking services and e-commerce solutions through a proprietary IT platform with a high degree of automation. Deposit and lending activities are conducted in Sweden, Finland, Norway, Denmark, Estonia, Latvia, Lithuania, Poland, Germany, Austria and Spain through branch or cross-border banking with the support of the Swedish banking license. The operations are divided into three segments: Consumer Lending, Credit Cards and Ecommerce Solutions. TF Bank is listed on Nasdaq Stockholm.