DLR Kredit has announced extraordinary investments on Friday, July 11, 2025, as per the Capital Markets Act § 24. The details are available in attached files. This announcement is made to comply with the transparency directive's requirement for public disclosure. The information will also be communicated through Nasdaq Copenhagen. Questions can be directed to Head of Rating & IR Jakob Kongsgaard Olsson at 33 42 07 06.
Stockholm, Sweden – TF Bank AB (publ) has released its interim report for the period January-June 2025, highlighting robust growth and improved financial metrics. The bank reported a 20% increase in its loan book in local currencies, driven primarily by its credit card business in Germany. The operating profit surged by 24% compared to the second quarter of 2024, reaching SEK 382.9 million [1].
Key highlights from the report include:
- Loan Portfolio Growth: The loan portfolio increased by 20% to SEK 21,671 million.
- Operating Profit: Operating profit jumped by 25% to SEK 382.9 million.
- Earnings per Share (EPS): EPS rose by 26% to SEK 13.18, while adjusted EPS increased by 27% to SEK 13.28.
- Cost/Income Ratio: This ratio improved to 37.5% from 39.8%.
- Return on Equity (ROE): ROE stood at 21.7%, up from 22.3%.
- Total Capital Ratio: The ratio increased to 17.4% from 16.7%.
Significant events during the period included:
- Credit Card Business: The credit card business reported an organic loan book growth of 43% and a substantial improvement in operating profit of 85% compared to the second quarter of 2024.
- Ecommerce Solutions: The bank initiated collaborations with Brandsdal Group and Bagaren & Kocken, which are expected to generate an annual transaction volume of approximately SEK 2,700 million.
- Expansion Plans: The subsidiary TFBN Services Ltd applied to the supervisory authority in the United Kingdom to establish operations in the country.
TF Bank, founded in 1987, is a digital bank offering consumer banking services and e-commerce solutions through a proprietary IT platform. The bank operates in multiple European countries and is listed on Nasdaq Stockholm.
For further information, investors can contact Mikael Meomuttel, CFO and Head of Investor Relations, at +46 (0) 70 626 95 33.
References:
[1] Reuters. (2025, July 11). TF Bank's Interim Report for January-June 2025. Retrieved from https://www.tradingview.com/news/reuters.com,2025-07-11:newsml_Wkr4LLKFy:0-interim-report-january-june-2025/
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