STOCKHOLM, July 13, 2018 /PRNewswire/ --"The second
quarter of 2018 ended with strong growth and a loan portfolio
approaching SEK 4 billion. In the
last three months, the portfolio rose by SEK
357 million, with particularly strong growth in the
Ecommerce Solutions segment, which increased by 13 %. Operating
income in the second came in at SEK 53
million, 11 % higher than the corresponding quarter in 2017.
The last twelve month's profit, amounted to SEK 7.34 per share." – Mattias Carlsson, CEO.
First half-year 2018 compared with the first half-year
2017
- Total operating income increased by 18.8 % to SEK 293.7 million
- The loan portfolio amounted to SEK 3,876
million as at 30 June 2018, an
increase of 22.8 % since the year-end
- Operating profit increased by 11.7 % to SEK 101.9 million
- Net profit increased by 11.9 % to SEK
78.4 million
- The cost/income ratio was 40.2 % (38.0)
- The total capital ratio was 17.2 %, an increase of 1.0
percentage points since the year-end
- Earnings per share amounted to SEK
3.65 (3.35)
Significant events, first half-year 2018
- In January, the subsidiary Avarda launched a payment solution
in Finland, together with several
major partners
- The Board appointed Mattias
Carlsson as new CEO of TF Bank. Mattias Carlsson has worked for the bank for
almost 10 years and has been serving as acting CEO since
November 2017
- TF Bank issued a Tier 1 capital instrument (AT1) of
SEK 100 million during the
period
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 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, Latvia and Lithuania 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 13 July 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---june-2018,c2574668
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