STOCKHOLM, June 10, 2021 /PRNewswire/ -- The total loan portfolio amounted to SEK 9,027 million at the end of May. Compared to May 2020, the loan portfolio has increased by 32 % in local currencies.
Month |
May-21 |
May-20 |
Change |
Consumer Lending |
|||
New lending, SEK million |
319 |
218 |
46 % |
Ecommerce Solutions |
|||
Transaction volume*, SEK million |
612 |
300 |
104 % |
Credit Cards |
|||
Number of active credit cards** |
2 685 |
1 578 |
70 % |
Cumulative for the year |
Jan-May 21 |
Jan-May 20 |
Change |
Consumer Lending |
|||
New lending, SEK million |
1 710 |
1 547 |
11 % |
Ecommerce Solutions |
|||
Transaction volume*, SEK million |
2 180 |
1 314 |
66 % |
Credit Cards |
|||
Number of active credit cards*** |
59 158 |
26 127 |
126 % |
* The sum of all purchases that go through TF Bank's payment solutions
**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.
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