STOCKHOLM, Nov. 9, 2021 /PRNewswire/ -- The total loan portfolio amounted to SEK 10,186 million at the end of October. Compared to October 2020, the loan portfolio has increased by 33 % in local currencies.
Month |
Oct-21 |
Oct-20 |
Change |
Consumer Lending |
|||
New lending, SEK million |
446 |
339 |
32 % |
Ecommerce Solutions |
|||
Transaction volume*, SEK million |
735 |
378 |
94 % |
Credit Cards |
|||
New lending, SEK million |
242 |
122 |
98 % |
Cumulative for the year |
Jan-Oct 21 |
Jan-Oct 20 |
Change |
Consumer Lending |
|||
New lending, SEK million |
3 886 |
3 234 |
20 % |
Ecommerce Solutions |
|||
Transaction volume*, SEK million |
5 096 |
2 793 |
82 % |
Credit Cards |
|||
New lending, SEK million |
1 917 |
779 |
146 % |
*The sum of all purchases that goes through TF Bank's payment solutions
All figures for October 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 November 9, 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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