BORÅS, Sweden, Sept. 9, 2022 /PRNewswire/ --
The total loan portfolio amounted to SEK 13,300 million at the end of August. Compared to August 2021, the loan portfolio has increased by 30 % in local currencies.
Month | Aug-22 | Aug-21 | Change |
Consumer Lending | |||
New lending, SEK million | 612 | 445 | 38 % |
Ecommerce Solutions | |||
Transaction volume*, SEK million | 676 | 518 | 31 % |
Credit Cards | |||
New lending, SEK million | 566 | 277 | 104 % |
Cumulative for the year | Jan-Aug 22 | Jan-Aug 21 | Change |
Consumer Lending | |||
New lending, SEK million | 3 926 | 2 963 | 33 % |
Ecommerce Solutions | |||
Transaction volume*, SEK million | 5 401 | 3 744 | 44 % |
Credit Cards | |||
New lending, SEK million | 3 106 | 1 416 | 119 % |
*The sum of all purchases that go through TF Bank's payment solutions
All figures for August 2022 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 September 9, 2022 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, Austria and Spain 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.
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