TF Bank

“TF Bank's operating profit increased by 27 % compared to the first quarter of 2024. Growth in the loan portfolio was negatively impacted by a stronger Swedish krona in recent months. Underlying loan book growth in local currencies amounted to 19 % over the past year. It is still the credit card business in Germany that is driving the Bank's organic growth.” – Joakim Jansson, CEO

January – March 2025 compared to January – March 2024 (unless otherwise stated)

• The loan portfolio amounted to SEK 20,220 million, compared to March 2024 the increase in local currencies was 19 % ¹
• Operating profit increased by 27 % to SEK 187.9 million
• Earnings per share increased by 28 % to SEK 6.46
• Adjusted earnings per share increased by 30 % to SEK 6.56
• Cost/income ratio improved to 37.3 % (40.0)
• Return on equity amounted to 21.5 % (22.1)
• Adjusted return on equity amounted to 21.8 % (22,1)
• Total capital ratio has increased to 17.7 % (16.7) since year-end

Significant events January – March 2025

• The credit card business had an organic underlying loan book growth of 47 % ¹ over the past year and economies of scale in the business model have contributed to a significantly improved operating profit of 76 % compared to the previous year.
• Within the Ecommerce Solutions segment partnerships have been entered into with Brandsdal Group and Bagaren & Kocken. The partnerships are expected to generate an annual transaction volume of approximately SEK 2,700 million.
• The Swedish Financial Supervisory Authority (the Swedish FSA) announced its decision regarding Pillar 2 Guidance for TF Bank, which was confirmed to 0 % of the total risk-weighted exposure amount.

Significant events after the end of the reporting period

• TF Bank’s Board of Directors has adopted new financial targets. By the second half of 2027, the Bank shall achieve a loan portfolio of SEK 35 billion while maintaining high profitability.

To follow the conference call online, please click on the link below. To ask questions dial in using the number indicated below approximately 15 minutes before the start of the conference and enter the meeting code:

Link: https://www.finwire.tv/webcast/tf-bank/q1-2025/

SE: +46 (0)8 5016 3827 och ange möteskoden 891 5241 3689

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 was founded 1987 and is a digital bank offering consumer banking services and e-commerce solutions through a proprietary IT platform with a high degree of automation. Lending and deposit activities are conducted in Sweden, Finland, Norway, Denmark, Estonia, Latvia, Lithuania, Poland, Germany, Austria, Spain, Ireland, the Netherlands and Italy through subsidiary, branch or cross-border banking with the support of the Swedish banking license. The operations are divided into three segments: Credit Cards, Ecommerce Solutions and Consumer Lending. TF Bank is listed on Nasdaq Stockholm.

This is information which TF Bank is required to disclose under the EU Market Abuse Regulation. The information was provided for publication, through the agency of the contact person set out above, on 14 April 2025 at 07:00 CET.