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STOCKHOLM, July 13, 2021 /PRNewswire/ It has been an eventful quarter with the implementation of BooztPay, continued high growth for German credit cards and several new agreements for continuing sale of past due loans. Following growth of 31 % in local currencies over the past year, TF Bank s loan portfolio now exceeds SEK 9 billion. The operating profit for the second quarter increased by 19 % to SEK 84 million. – Mattias Carlsson, CEO
January – June 2021 compared to January – June 2020
The loan portfolio amounted to SEK 9,130 million, compared to June 2020 the increase in local currencies was 31 %
Operating profit increased by 43 % to SEK 162.3 million, the comparison period was affected by an additional loan loss provision of SEK 30 million
Change in TF Bank s executive management team
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TF Bank AB (publ): Invitation to the presentation of the Interim report for January
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TF Bank: Monthly statistics May 2021
Month
2 685
59 158 Monthly change of the number of active cards All issued cards at the last day of the period that are used regularly
All figures for May 2021 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 June 10, 2021 at 08.30 CET.
TF Bank in brief
TF Bank was founded 1987 and is an internet-based niche 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 and Austria through branch or cross-border banking. The operations are divided into three segments: Consumer Lending, Ecommerce Solutions and Credit Cards. TF Bank is listed on Nasdaq Stockholm.