BORAS,
January –
- The loan portfolio amounted to
SEK 14,654 million , compared toDecember 2021 the increase in local currencies was 27% - Operating profit increased by 23% to
SEK 434.0 million - Earnings per share increased by 21% to
SEK 15.18 - Cost/income ratio amounted to 43.3% (41.9)
- Return on equity amounted to 23.6% (24.4)
- Total capital ratio has decreased to 15.6% (16.2)
October –
- The loan portfolio amounted to
SEK 14,654 million , compared toSeptember 2022 the increase in local currencies was 6 % - Operating profit increased by 16% to
SEK 114.2 million - Earnings per share increased by 13% to
SEK 3.96 - Cost/income ratio amounted to 42.1% (43.0)
- Return on equity amounted to 22.8% (25.4)
Significant events, January –
- During the year, the credit card business had a loan book growth of 93% and economies of scale in the business model contributed to the operating profit improving by
SEK 51 million . - Within the Ecommerce Solutions segment, the Bank signed an agreement and, at the end of December, launched a cooperation with the major Nordic retailer Jollyroom, which is expected to generate an annual transaction volume of more than
SEK 2 billion .
Significant events after the end of the reporting period
- The board has appointed
Joakim Jansson as the new CEO, starting no later thanAugust 2023 .Mattias Carlsson will remain with the company as a Senior Business Advisor. -
The Swedish Financial Supervisory Authority has givenTF Bank permission to use the Alternative Standardised Approach to calculate the capital requirement for operational risk. The approval has strengthened allTF Bank's capital ratios with approximately 1 percentage point as of31 December 2022 . - To participate in the conference call, please click on the Youtube link below or dial in using the number indicated below approximately 15 minutes before the start of the conference:
Link: https://www.finwire.tv/webcast/tf-bank/bokslutskommunike-2022/
SE: +46 (0)8 4468 2488 and enter the meeting code 857 3984 6592.
For further information, please contact:
Mikael Meomuttel, CFO and Head of Investor Relations +46 (0)70 626 95 33
This is information which
CONTACT:
The following files are available for download:
Report - Year-end report 2022 |
View original content:https://www.prnewswire.co.uk/news-releases/tf-bank-year-end-report-january--december-2022-301726577.html
