"During the third quarter,
January -
- The loan portfolio amounted to
SEK 17,404 million , compared toSeptember 2022 the increase in local currencies was 24 % -
Operating profit increased by 16 % to
SEK 371.7 million , including a provision for restructuring costs ofSEK 15.9 million -
Earnings per share increased by 15 % to
SEK 12.91 - Cost/income ratio decreased to 42.0 % (43.7)
- Return on equity amounted to 22.1 % (24.0)
- Total capital ratio has increased to 16.1 % (15.6) since year-end
July -
- The loan portfolio amounted to
SEK 17,404 million , compared toJune 2023 the increase in local currencies was 4 % -
Operating profit increased by 19 % to
SEK 131.2 million , including a provision for restructuring costs ofSEK 15.9 million -
Earnings per share increased by 19 % to
SEK 4.58 - Cost/income ratio decreased to 42.6 % (43.5)
- Return on equity amounted to 22.4% (23.6)
Significant events, January -
- The credit card business had a loan book growth of 62 % during the first nine months of 2023 and economies of scale in the business model contributed to the operating profit increasing significantly.
-
In order to take advantage of future opportunities for expansion and make necessary adjustments to the current organisation, the Bank made a provision of
SEK 15.9 million for restructuring costs. TF Bank has issued Tier 2 bonds in the amount ofSEK 150 million , Additional Tier 1 bonds in the amount ofSEK 150 million and carried out an early redemption of Additional Tier 1 bonds ofSEK 100 million .
To follow the conference call online, please click on the link below. To ask questions dial in using the number indicated below approximately 15 minutes before the start of the conference and enter the meeting code:
Link: https://www.finwire.tv/webcast/tf-bank/tf-bank-q3-presentation-2023-2/
SE: +46 (0)8 5053 9728 end enter the meeting code 896 5737 6247.
For further information, please contact:
Mikael Meomuttel, CFO and Head of Investor Relations +46 (0)70 626 95 33
This is information which
https://news.cision.com/tf-bank-ab--publ-/r/interim-report-january---september-2023,c3853652
https://mb.cision.com/Main/13973/3853652/2364978.pdf
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