TF Bank is a Swedish digital bank founded in 1987 in Borås. Since its inception, the bank has experienced rapid expansion, going from a small local institution to an important European player. Currently, TF Bank operates in numerous countries including Sweden, Finland, Norway, Denmark, Estonia, Latvia, Lithuania, Poland, Germany, Austria, Spain, Ireland, the Netherlands and Italy.
The bank’s activities are included in three main segments:
- Credit cards: TF Bank offers credit cards in several European markets, with a focus on digital solutions and simple, user-friendly application processes.
- E-commerce Solutions: the bank provides digital payment solutions for online retailers, supporting the entire purchasing process, from checkout to payment.
- Consumer loans: this is one of TF Bank’s main business sectors.
TF Bank is supervised by key Swedish authorities and strictly adheres to national banking and financial regulations, including the Swedish Banking and Financing Business Act, the Consumer Credit Act and the Companies Act (Swedish Companies Act). The bank also follows the general regulations and guidelines issued by the Swedish Financial Supervisory Authority and the European Banking Authority (EBA).
The shares of TF Bank AB (publ) (“TF Bank”), parent company of the TF Bank group, have been listed on the Nasdaq Nordic since 14 June 2016. Therefore, the financial statements are public and freely accessible.
In the third quarter of 2024, the bank’s loan portfolio reached SEK 20,279 million, recording an increase of 20% in local currency compared to the same period in 2023. Operating profit increased by 47% compared to the previous year, standing at SEK 191.3 million. Earnings per share and cost/income ratio also showed notable improvement.
Therefore, we can say that it is a solid institution, both from a regulatory and financial point of view.
