Stockholm, June 14, 2016 — Nasdaq (Nasdaq: NDAQ) announced that TF Bank AB (short name: TFBANK), a mid cap company within the Financial sector, has started trading of its shares on the main market of Nasdaq Stockholm. TF Bank is the 41st company to list at Nasdaq’s Nordic markets* in 2016.
TF Bank is an online-based niche bank offering consumer banking services through an automated, in house developed, IT platform. As at 31 March 2016, TF Bank had an outstanding loan portfolio of SEK 2,012 million and a total of 1.1 million active customers in its database. Headquartered in Borås, Sweden, 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. For more information, please visit www.tfbankgroup.com.
"Since inception, TF Bank has shown strong and profitable growth,” said Declan Mac Guinness, President and CEO of TF Bank. “We have in recent years expanded our geographical presence, customer base and product offering considerably, while we have invested a lot in the organization, in terms of both staff and IT systems. TF Bank has proven that the company has a competitive offering in a growing market with strong driving forces. We intend to continue to grow in existing markets, address new markets and grow with sustained cost control. We look forward to continue TF Bank’s exciting journey and the IPO will strengthen the awareness of TF Bank to customers, business partners and investors.”
“We are thrilled to welcome TF Bank to the Nasdaq Stockholm main market,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “We continue to see an inflow of digital financial services companies leveraging the public market as a platform for future growth, and we look forward to supporting TF Bank on their journey as a publicly traded company.”
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
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Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker Services are respectively brand names for the regulated markets of Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd., Nasdaq Iceland hf., Nasdaq Riga, AS, Nasdaq Stockholm AB, Nasdaq Tallinn AS, AB Nasdaq Vilnius, Nasdaq Clearing AB and Nasdaq Broker Services AB. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Baltic represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius.
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