STOCKHOLM, Aug. 17, 2021 /PRNewswire/ -- The total loan portfolio amounted to SEK 9,323 million at the end of July. Compared to July 2020, the loan portfolio has increased by 31 % in local currencies.
Month |
Jul-21 |
Jul-20 |
Change |
Consumer Lending |
|||
New lending, SEK million |
449 |
359 |
25 % |
Ecommerce Solutions |
|||
Transaction volume*, SEK million |
490 |
264 |
86 % |
Credit Cards |
|||
New lending, SEK million |
238 |
102 |
133 % |
Cumulative for the year |
Jan-Jul 21 |
Jan-Jul 20 |
Change |
Consumer Lending |
|||
New lending, SEK million |
2 518 |
2 221 |
13 % |
Ecommerce Solutions |
|||
Transaction volume*, SEK million |
3 227 |
1 874 |
72 % |
Credit Cards |
|||
New lending, SEK million |
1 139 |
425 |
168 % |
*The sum of all purchases that go through TF Bank's payment solutions
All figures for July 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 August 17, 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.
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