TF Bank AB has received permission to change the method of calculating capital requirements for operational risk

boras, SwedenAnd January 19, 2023 /PRNewswire/ — The Swedish Financial Supervisory Authority has given permission to TF Bank to use the alternative standardized approach for calculating operational risk capital requirements. As a result of the changes, operational risk capital requirements are much closer to the company’s perception of operational risk. The approval improved TF Bank’s capital position.

TF Bank is changing its approach to operational risk calculation from the standard approach to the alternative standard approach. applied to TF Bank for each September 30, 2022The total capital ratio would have increased from 15.0% to 16.2%, compared to the 11.8% stipulated in the regulatory acts. The Tier 1 capital ratio would have risen from 13.4% to 14.4%, compared to the regulatory requirement of 9.6%. The Tier 1 capital ratio had increased from 11.7% to 12.7%, compared to the regulatory requirement of 8.0%.

For more information, please contact:
Mikael Myomotils, CFO and Head of Investor Relations +46 (0) 70626 95 33

TF Bank in brief
Founded in 1987, TF Bank is a specialized online bank that provides retail banking and e-commerce solutions through its IT platform with a high degree of automation. Deposit and lending operations are carried out SwedenAnd FinlandAnd NorwayAnd DenmarkAnd EstoniaAnd LatviaAnd LithuaniaAnd PolandAnd GermanyAnd Austria And Spain Using bank branches or cross-border banking services. Activities are divided into three departments: consumer lending, credit cards and e-commerce solutions. TF Bank is listed on the Stockholm Stock Exchange NASDAQ.

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