INTERIM REPORT  January-September 2016

”Strong organic portfolio growth, operating income at record levels and lower
loan losses. A strong quarter!"

Declan Mac Guinness President & CEO
THE PERIOD JANUARY-SEPTEMBER 2016 COMPARED WITH JANUARY-SEPTEMBER 2015

• Total operating income increased by 11.8 % to SEK 322.9 million

• The loan portfolio amounted to SEK 2,357 million on 30 September 2016, an
increase of 28,2 % since the end of 2015

• Operating profit decreased by 1.2 % to SEK 97.5 million

• Adjusted operating profit increased by 8.8 % to SEK 116.8 million 1)

• Net profit increased by 1.6 % to SEK 76.4 million

• Adjusted net profit increased by 11.5 % to SEK 91.4 million 1)

• The cost/income ratio was 38.1 % (35.0)

• CET1 capital ratio was 14.6 % and the total capital ratio was 18.6 %

• Earnings per share amounted to SEK 3.84 (3.59)

• Adjusted earnings per share amounted to SEK 4.54 (3.91) 1)

THIRD QUARTER, JULY-SEPTEMBER 2016 COMPARED WITH JULY-SEPTEMBER 2015

• Total operating income increased by 15.6 % to SEK 114.2 million

• Operating profit increased by 49.4 % to SEK 43.1 million

• Adjusted operating profit increased by 18.6 % to SEK 44.5 million 1)

• Net profit increased by 68.6 % to SEK 34.1 million

• Adjusted net profit increased by 30.4 % to SEK 35.1 million 1)

• The cost/income ratio was 37.2 % (37.3)

• Earnings per share amounted to SEK 1.70 (0.98)

• Adjusted earnings per share was SEK 1.75 (1.29) 1)

SIGNIFICANT EVENTS, JANUARY-SEPTEMBER 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 %) offered at SEK 77 per
share.

• The Norwegian subsidiary BB Finans AS submitted an application for a bank
license to the Norwegian Financial Supervisory Authority 23 June. The company
has a goal of obtaining a Norwegian bank license before the end of 2016.

• In the third quarter TF Bank opened an office in Latvia. New lending in the
Direct to Consumer segment started in October.

1) Adjustments have been made for one-off costs related to the initial public
offering.
For further information please contact:

Sture Stölen, Investor Relations, +46 723 68 65 07, ir@tfbank.se
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 30 June, 2016, TF Bank had an outstanding loan portfolio of SEK 2 185
million. TF Bank has grown its total operating income from SEK 272 million in
2012 to SEK 388 million in 2015, corresponding to a compounded annual growth
rate of 13 percent.