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2017-02-09

TF Bank AB (publ): 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, ir@tfbank.se

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.

About TF Bank

TF Bank is an online-based niche bank offering consumer banking
services through a highly automated, in house developed, IT platform.
The Company's IT platform is designed for scalability and
adaptability to different products, jurisdictions, currencies and
digital banking solutions. TF Bank conducts banking operations with
deposits and lending to retail customers in Sweden and Finland,
lending to retail customers in Norway, Poland, Denmark, Estonia and
Latvia.

As at 31 December, 2016, TF Bank had an outstanding loan portfolio of
SEK 2 489 million. TF Bank has grown its total operating income from
SEK 272 million in 2012 to SEK 441 million in 2016, corresponding to
a compounded annual growth rate of 13 percent.

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