The Swedish bank “TF Bank”, which specializes in consumer loans, has opened a branch in Lithuania.
The branch started working this week.
“TF Bank” has become the 19th bank or branch of a foreign bank operating in Lithuania, but previously it provided services in the country without a branch, the Bank of Lithuania announced.
According to data from the Lithuanian social insurance fund “SoDra”, 23 employees work at the branch of “TF Bank” in Lithuania.
The bank’s website says that “TF Bank” is an online lending bank that offers banking and e-commerce solutions to consumers. In Lithuania, the bank provides consumer services and refinancing.
In addition to Sweden and Lithuania, “TF Bank” also works in Austria, Denmark, Estonia, Ireland. In Latvia, the Netherlands, Norway, Poland. In Finland, Poland, Spain and Germany through subsidiaries, branches or cross-border banking services under a Swedish bank licence.
“TF Bank” branch has been operating in Latvia since 2021.
“TF Bank” was founded in 1987 in Sweden and offers banking services based on Internet solutions. It is a public joint-stock company and has shares listed on the Stockholm Stock Exchange “Nasdaq”.
