The Board of Directors and CEO hereby present the 2023 Annual and Sustainability Report as well as the risk and capital adequacy report for TF Bank AB (publ). The documents have been published at www.tfbankgroup.com.
“Despite the economic uncertainty, the year for TF Bank has been characterised by growth with continued high profitability. The loan portfolio increased by 24% in local currencies, following record volumes in the Ecommerce Solutions and Credit Cards segments. Operating profit amounted to SEK 510 million – an increase of 17% compared to 2022.” – Joakim Jansson, CEO
For further information, please contact:
Mikael Meomuttel, CFO and Head of Investor Relations +46 (0)70 626 95 33
TF Bank in brief
TF Bank was founded 1987 and is a 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, Spain, Ireland and the Netherlands through subsidiary, 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.
The information in this press release is such that TF Bank AB (publ) is required to publish pursuant to the Securities Market Act. The information was provided by the above contact person for publication on 15 March 2024 at 08:30 CET.