Interim Report January-June 2016

First half year, January-June 2016 compared with January-June 2015

• Total operating income increased by 9.8 % to SEK 208.7 million
• The loan portfolio amounted to SEK 2,185 million on 30 June 2016, an increase of 18.9 % since the end of 2015
• Operating profit decreased by 22.1 % to SEK 54.4 million
• Adjusted[1] operating profit increased by 3.5 % to SEK 72.3 million
• Net profit decreased by 23.1 % to SEK 42.3 million
• Adjusted[1] net profit increased by 2.3 % to SEK 56.3 million
• The cost/income ratio was 38.5 % (33.8)
• CET 1 capital ratio was 14.3 % and the total capital ratio was 18.5 %
• Earnings per share amounted to SEK 2.14 (2.62)
• Adjusted[1] earnings per share amounted to SEK 2.79 (2.62)

Second quarter, April-June 2016 compared with April-June 2015

• Total operating income increased by 12.8 % to SEK 108.1 million
• Operating profit decreased by 32.3 % to SEK 26.4 million
• Adjusted[1] operating profit decreased by 2.1 % to SEK 38.2 million
• Net profit decreased by 38.5 % to SEK 19.6 million
• Adjusted[1] net profit decreased by 9.7 % to SEK 28.8 million
• The cost/income ratio was 38.8 % (32.4)
• Earnings per share amounted to SEK 1.01 (1.51)
• Adjusted[1] earnings per share was SEK 1.44 (1.51)

Significant events, January-June 2016

• On 14 June TF Bank listed its shares on Nasdaq Stockholm. The offer was well received by the market.
• In total 5,661,553 shares (26.3 %) offered at SEK 77 per share.
• The Norwegian subsidiary BB Finans AS submitted an application for a bank license to the Norwegian Financial Supervisory Authority 23 June. The company has a goal of obtaining a Norwegian bank license before the end of 2016.

Comment from the President & CEO Declan Mac Guinness

”We feel confident in our long-term financial targets and believe that the current momentum will continue during the second half of 2016.

[1] Adjustments of approximately SEK 17.9 million have been made for one-off costs related to the initial public offering on Nasdaq Stockholm.