TF Bank

History The company started its activity with consumer loans and sales finance of the mail order business in 1987.

TF Bank is a digital bank offering consumer banking services and e-commerce solutions through a proprietary IT platform with a high degree of automation. The platform is designed for scalability and adaptability to different products, countries, currencies and digital banking solutions. TF Bank prioritises organic growth under controlled conditions and expansion is taking place in carefully selected segments and markets. Operations are conducted in the Nordics, the Baltics, Poland, Germany, Austria, Spain, Ireland, the Netherlands and Italy through subsidiary, branch, or cross-border banking with the support of the Swedish banking license.

The business is divided into three segments: Credit Cards, Ecommerce Solutions and Consumer Lending. The target group for all services is creditworthy private individuals and the loan amounts are relatively small with short repayment terms. TF Bank also offers deposit products in several markets.

Credit Cards In the Credit Cards segment, TF Bank offers credit cards to creditworthy individuals in Germany, Austria, Norway, Spain and Italy. The cornerstone of our credit card product is responsible lending. What distinguishes our product in relation to other credit cards on the market is the simplicity and the user-friendly digital application process. The credit card is compatible with both Google Pay and Apple Pay in all markets.

The credit card offering has been available in the Bank since 2015 and was divided into the Credit Cards segment in 2017.

Ecommerce Solutions In the Ecommerce Solutions segment, TF Bank offers digital payment solutions primarily within e-commerce to creditworthy individuals. The digital payment solutions are offered in the Nordic region under the brand Avarda and were previously offered in the Baltics and Poland via TF Bank.

Avarda as a brand has been around since 2015, focusing on digital payment solutions in the Nordics. The goal is to create a payment solution for e-retailers who wish to build and strengthen their own brand throughout the entire purchasing journey, from checkout to payment. The payment solutions are offered for e-commerce and retail in the Nordic region. Consumer Lending In the Consumer Lending segment, TF Bank offers unsecured consumer loans to creditworthy individuals. The product offering differs between various markets and is adjusted according to the specific conditions in each country. The Consumer Lending offering is available in ten different countries across Europe, where the majority of the operations are conducted in the Nordics and the Baltics.

The Nordic markets for consumer loans are characterised by credit information that is easy to access, a high share of credit intermediaries, and a well-functioning system for collection of unpaid debts.

The Baltic countries have fast-growing credit markets with several established Nordic companies operating locally.

Contacts TF Bank AB, Lilla Brogatan 6, Borås, Sweden Phone: +46 33 722 35 00, PO Box 947, SE-501 10 Borås, Sweden Tel: +46-33-722 35 00 | Email: ir@tfbank.se