Year-end Report January-December 2016

” IPO, solid growth and high profitability summarises a strong year for TF Bank.”

The full year, January-December 2016 compared with January-December 2015

  • Total operating income increased by 13.6 % to SEK 440.8 million
  • The loan portfolio amounted to SEK 2,489 million on 31 December 2016, an increase of 35,5 % since the end of 2015
  • Operating profit increased by 18.2 % to SEK 139.8 million
  • Adjusted operating profit increased by 16.5 % to SEK 159.1 million (1)
  • Net profit increased by 22.2 % to SEK 109.3 million
  • Adjusted net profit increased by 19.9 % to SEK 124.3 million (1)
  • The cost/income ratio was 38.6 % (37.0)
  • CET1 capital ratio was 14.5 % (13.9) and the total capital ratio was 18.2 % (18.2)
  • Earnings per share amounted to SEK 5.47 (4.34)
  • Adjusted earnings per share amounted to SEK 6.16 (5.00) (1)
  • The Board of Directors proposes to the Annual General Meeting a dividend of SEK 2.20 per share for 2016

Fourth quarter, October-December 2016 compared with October-December 2015

  • Total operating income increased by 18.9 % to SEK 117.9 million
  • Operating profit increased by 115.6 % to SEK 42.3 million
  • Adjusted operating profit increased by 44.9 % to SEK 42.3 million (1)
  • Net profit increased by 131.7 % to SEK 32.9 million
  • Adjusted net profit increased by 51.8 % to SEK 32.9 million (1)
  • The cost/income ratio was 40.0 % (42.7)
  • Earnings per share amounted to SEK 1.63 (0.74)
  • Adjusted earnings per share was SEK 1.63 (1.09) (1)

Significant events, January-December 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 %) were offered at SEK 77 per share. Moreover, part of the option that the selling shareholders issued was exercised, which means that a total of 6,474,472 shares (30.1 %) were sold.
  • During the third quarter TF Bank opened an office in Latvia. New lending in the Direct to Consumer segment started in October.
  • In December the Norwegian FSA determined that TF Bank meets the requirements for a banking license in Norway through its subsidiary BB Finans.

(1) Adjustments have been made for items affecting comparability related to the initial public offering.

For further information please contact:

Sture Stölen, Investor Relations, 46 723 68 65 07, [email protected]

The information provided in this press release/report is such that TF Bank AB (publ) is required to disclose pursuant to the Swedish Financial Instruments Trading Act (1991:980), the Swedish Securities Markets Act (2007:528) and/or Regulation (EU) No 596/2014 on market abuse. The information was provided on February 9, 2017 at 07.00 CET.