Year-end Report January - December 2020
STOCKHOLM, Jan. 28, 2021 /PRNewswire/ TF Bank s loan portfolio increased by 8% in local currencies during the fourth quarter. Nordic risk and the credit card initiative in Germany have been prioritised. For consumer loans in Norway and Finland, we soon intend to sign new agreements for continuing sales of past due loans, which provides comfort and predictability for the future. Overall, TF Bank is well positioned to continue expanding during 2021. - Mattias Carlsson, CEO
October - December 2020 compared with October - December 2019
The loan portfolio amounted to SEK 7,922 million, the increase in local currencies was 8 % during the quarter
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TF Bank AB (publ) gives notice of early redemption of subordinated floating rate tier 2 bonds due 2025 with ISIN SE0007783477
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STOCKHOLM, Jan. 22, 2021 /PRNewswire/
TF Bank AB (publ) ( TF Bank ) will make an early redemption of all outstanding tier 2 bonds due 2025 with ISIN SE0007783477 (with a current aggregate nominal amount outstanding of SEK 47,000,000) in accordance with the terms and conditions of the tier 2 bonds (the Bonds ).
In accordance with the terms and conditions of the Bonds, TF Bank has received prior written consent from the Swedish FSA to redeem the Bonds. On 22 January 2021, TF Bank sent an irrevocable notice of early redemption to all directly registered owners and registered authorised nominees (Sw. förvaltare) in the debt register for each Bond kept by Euroclear Sweden as of 21 January 2021.
Deutsche Post DHL posts record 2020 bottom-line results
Company hikes guidance as far out as 2022 772 2 minutes read A lot of green for Big Yellow (Photo: Jim Allen/FreightWaves)
Deutsche Post DHL (OTCMKTS: DPSGY) said Wednesday that 2020 operating profits hit record levels and significantly surpassed its original guidance for the year, as demand for the company’s services surged due to the impact of the novel coronavirus on global ordering behavior and a positive environment for freight services in general.
Operating profit, reported as earnings before interest and taxes (EBIT), came in at $5.88 billion, exceeding the original EBIT estimates of $4.9 billion to $5.3 billion, DPDHL said in releasing preliminary full-year results. Official 2020 results will be published March 9, but the numbers will be almost identical to those reported Wednesday.
STOCKHOLM, Jan. 11, 2021 /PRNewswire/ On 4 December 2020, TF Bank AB (publ) ("TF Bank" or the "Company") announced its successful issue of senior subordinated Tier 2 bonds with ISIN: SE0007783477