2
▪
▪
▪
▪
▪
3
▪
▪
▪
▪
▪
Loan book
5.8bn
Loan book
growth*
20%
Countries
8
Share of TF Bank's loan book
73%
Share of TF Bank's operating income
72%
0,00%
5,00%
10,00%
15,00%
20,00%
25,00%
APR-New originations, volume weighted
NO, FI, SE EE, LV, LT, PL
4
Loan book
1.3bn
Loan book
growth*
34%
Countries
7
Share of TF Bank's loan book
17%
Share of TF Bank's operating income
21%
▪
▪
▪
▪
5
▪
▪
▪
▪
▪
▪
▪
Loan book
0.8bn
Loan book
growth***
177%
Countries
2
Share of TF Bank's loan book
10%
Share of TF Bank's operating income
7%
0
1 000
2 000
3 000
4 000
5 000
6 000
7 000
8 000
Q4'19 Q1'20 Q2'20 Q3'20 Q4'20
TF Bank Consumer Lending Ecommerce Solutions Credit Cards
6
▪
‒
▪
‒
▪
‒
▪
‒
7
Poland
▪ Focus on e-commerce and profit. Consumer lending is in run-off.
Sweden
▪ Focus on profitability and e-commerce.
Norway
▪ Continued positive long term outlook on the Norwegian economy.
Focus on growth and margins.
Finland
▪ New rate cap of 10% until Q3 2021 for consumer loans.
The Baltic states
▪ Portfolio management and profitability focus in consumer
lending. E-commerce considered a better risk.
Germany
▪ Credit card product in high demand. Card spending lower since
mid-December as a result of the German lockdown.
Sweden Norway Finland
Baltics Poland Germany
Loan book
8
▪
‒
‒
‒
▪
‒
‒
▪
‒
‒
208 213 210218
234
13,2%12,7%
12,0% 11,9% 12,1%
0,0%
5,0%
10,0%
15,0%
20,0%
25,0%
0
50
100
150
200
250
Q4'19 Q1'20 Q2'20 Q3'20 Q4'20
SE
K m
illi
on
78 80 8085
95
37,3% 37,7% 37,9% 38,7% 40,6%
0,0%
10,0%
20,0%
30,0%
40,0%
50,0%
60,0%
0
10
20
30
40
50
60
70
80
90
100
Q4'19 Q1'20 Q2'20 Q3'20 Q4'20S
EK
mil
lio
n
51
60 60 61 62
3,3%3,5% 3,4% 3,3% 3,2%
0,0%
2,0%
4,0%
6,0%
8,0%
0
10
20
30
40
50
60
70
Q4'19 Q1'20 Q2'20 Q3'20 Q4'20
SE
K m
illi
on
9
▪
‒
‒
▪
‒
75
70
77
0
10
20
30
40
50
60
70
80
90
Q4'19 Q2'20 Q4'20
SE
K m
illi
on
Credit
Cards
-5,2
Credit
Cards
-4,0
Credit
Cards
-9,0
10
▪
‒
‒
‒
▪
‒
‒
73 74
66
72
0
10
20
30
40
50
60
70
80
Q1'20 Q2'20 Q3'20 Q4'20
SE
K m
illi
on
11
▪
‒
‒
‒
▪
‒
‒
10
6
14
10
0
2
4
6
8
10
12
14
16
Q1'20 Q2'20 Q3'20 Q4'20
SE
K m
illi
on
12
▪
‒
‒
‒
▪
‒
‒
-10
-9
-7
-5
-12
-10
-8
-6
-4
-2
0
Q1'20 Q2'20 Q3'20 Q4'20
SE
K m
illi
on
Finland
338
1 098
Sweden
1 002
1 021
Norway
2 716
Germany
4 658
0
1 000
2 000
3 000
4 000
5 000
6 000
7 000
8 000
9 000
10 000
13
▪
‒
‒
‒
‒
‒
▪
‒
‒
‒
Germany
Norway
Finland
Sweden
SE
K m
illi
on
Liquidity reserve*Deposits from
the public
24
% o
f dep
osits
Distribution of deposits
53%
12%
31%
4%
Central banks
Other
12,8%
8,0% 8,0% 8,0%
14,1%
17,3%
4,8%
9,6% 9,6%
4,5%
11,8%
5,5%
Capital ratios
31 December 2020
Headroom to CET1 legal capital
requirements (including Pillar 2)
Headroom to T1 legal capital
requirements (including Pillar 2)
Headroom to T1+T2 legal capital
requirements (including Pillar 2)
14
▪
▪
▪
▪
17,3%
14,1%
12,8%
CET1
T1
T1+T2
Headroom
Headroom
Headroom
CET1 CET1CET1
T1
T1+T2
T1
15
▪
▪
▪
16
Q&A Session
17
APPENDIX
18
19
▪
▪
▪0
100
200
300
400
500
600
700
800
900
1 000
0
1 000
2 000
3 000
4 000
5 000
6 000
7 000
8 000
9 000
1993 2002 2011 2020
SE
K m
illi
on
Loan portfolio Operating income
20
21
Tone Bjørnov
Board member since 2015
Current commitments:
Chairman: Filmparken AS, Storyline
Studios AS, Hausmann AS
Board member: Storyline Studios
AS, Aqua Bio Technology ASA,
Sparebankstiftelsen Bien, Guard
Automation AS, Guard Electro AS,
Omsorgsbygg Oslo KF, sparebanken
Bien ASA, Varme og Bad AS
Charlotta Björnberg-
Paul
Board member since
2017
Current commitments:
Chairman: Saxo Oy
Board member: Paptic Ltd
Co-founder: Superskills
Entrepenuer; Anki Rugs
Mari Thjømøe
Board member since
2017
Current commitments:
Chairman: Seilsport Maritimt
Forlag AS
Deputy chairman: Norconsult AS
Board member: Hafslund E-CO
AS, Scatec Solar ASA, Ice ASA,
Tryg A/S
John Brehmer
Chariman of the Board
since 2020
Board member since
2010
Current commitments:
Chairman: Mederion AB, Tiberon
AB, Zebware AB
Board member; Consortio
Fashion Holding AB, TFB Holding
AB, Halens Real Estate AB
Bertil Larsson
Board member since
2007
Current commitments:
Chairman: LåsTeam Sverige AB,
Minso Solutions AB, Minso Holding
AB, Aktiebolaget Borås Tidning,
AB Effektiv
Board member: Conpera AB,
Tore G Wärenstams stiftelse, Gota
Media AB, Brf Asplyckan,
Kyrkesunds Båthamnsförening
Sara Mindus
Board member since
2020
Current commitments:
Board member: K-Fast Holding
AB, Besqab AB, Dreams AB,
Colibri Ventures AB, Faboss
Invest AB
22
Mikael Meomuttel
CFO, Deputy CEO and Head of Investor
Relations
Education: MSc, Business/Economics and Finance, University
of Borås/University of Gothenburg.
At TF Bank since 2009, 2014 deputy CEO and from 2018 also
the Group’s Head of IR. Previously, among other things, been
Financial Controller at Consortio Fashion Group AB (CFG).
Mattias Carlsson
CEO
Education: MSc, Engineering Physics, Uppsala University.
Current commitments: Qred AB (chairman), and Tronstad
Consulting AB (board member).
Espen Johannesen
Head of Consumer Lending
Education: Executive M.B.A Management control Norwegian
School of Economics (NHH), Bachelor of economics, Business
BI Norwegian School of Management
At BB Bank since 2010.
Mikael Johansson
Head of Ecommerce Solutions
Education: MSc Business Administration and Matemathics
Stockholms universitet
With the Group since 2016 as CEO of Avarda. Previously,
among other things, at GE Commercial Finance and as CEO of
Santander Consumer Bank Sweden.
Current commitments: Svenska Bilhandlare AB (chairman)
23
▪Björn Skytt
CIO
Before joining TF Bank
in 2010 worked as
integration manager for
ICA Banken and prior
to that as project
manager and system
manager for SKF’s
financial and treasury
systems.
Juho Maanpää
Head of Finland
Extensive consumer
finance experience in
Finland within
operations
management, credit
risk and digital
marketing. With TF
Bank since 2013.
Wojciech Drozd
Head of Poland
Sales leader with 20+
years of extensive
consumer finance and
retail banking
experience from GE
Money Bank Poland
and Bank BPH.
Vilma Sool
Regional manager
Baltics
Head of Estonia
10 years of experience
in the consumer
finance sector –
established and led
Bigbank Swedish
branch. With TF Bank
since 2014.
Krzysztof Blach
Credit Manager
Credit Risk Manager
with 15 years of
experience in retail
banking sector.
Worked for GE
Money Bank and
BPH Bank in Poland
holding various
positions and for
KBC Group across
Europe.
Juris Pūce
Head of Latvia
Before joining TF Bank
in 2016, worked for
seven years in
Bigbank, serving as
country manager in
Latvia and Spain and in
various positions with
credit management
services provider
Creditreform.
Greta Montviliene
Head of Lithuania
8 years experience in
marketing and sales
with high focus on
customer experience
and digital marketing.
Part of TF Bank team
since 2019.
Torstein Jahnsen
Head of Norway
10 years’ experience in
consumer finance within
operation, credit risk and
marketing management.
Before joining TF Bank,
worked as COO in BB
Bank which later became
the Norwegian branch of
TF Bank. With TF Bank
since 2015 .
24