TMCnet News
TF Bank: Interim Report for January - March 2018STOCKHOLM, April 26, 2018 /PRNewswire/ -- "During the first quarter of 2018, our operations continued to expand. In three months, the loan portfolio increased by 11 %, deposits rose by 12 % and operating profit amounted to SEK 49 million, 12 % higher than in the first quarter of 2017. Strong lending growth creates favourable conditions for rising interest income and higher earnings in the coming quarter, but at the same time increases the bank's capital requirements." – Mattias Carlsson, CEO. First quarter 2018 compared with the first quarter 2017
Significant events, first quarter 2018
After the quarter-end
For further information, please contact: Mikael Meomuttel TF Bank in brief TF Bank is an internet-based niche bank offering consumer banking services through its proprietary IT-platform with a high degree of automation. The company's IT-platform is designed for scalability and adaptation to different products, countries, currencies and digital banking solutions. TF Bank carries out deposit and lending activities with consumers in Sweden, Finland, Norway, Denmark, Poland, Germany, Estonia and Latvia through subsidiary, branch or cross-border banking. The business is divided into two segments: Consumer Lending and Ecommerce Solutions. This is information which TF Bank is required to disclose under the EU Market Abuse Regulation and the Securities Market Act. The information was provided for publication 26 April 2018 at 07:00 CET. This information was brought to you by Cision http://news.cision.com http://news.cision.com/tf-bank-ab--publ-/r/interim-report-for-january---march-2018,c2505976 The following files are available for download: |