Year-end Report January-December 2015

“In summary, 2015 resulted in an adjusted operating profit of SEK 137 million
(127), an operating income of SEK 388 million (347) and a cost/income ratio of
37 percent. The results confirm that TF Bank continues to grow whilst
maintaining rigid cost control.” Abstract from CEO Declan Mac Guinness's
commentary to the Year-End Report.
FULL YEAR, JANUARY-DECEMBER 2015

Figures compared to January – December 2014.
• The loan portfolio grew by 12.5 %
• Net interest margin decreased to 19.6 % (21.9 %)
• Operating income increased by 11.7 %
• Adjusted 1 operating income increased by 7.2 %
• Cost/income ratio of 37.0 % (30.7 %)
• Earnings per share amounted to SEK 4.34 (4.63)
• Adjusted 1 earnings per share amounted to SEK 5.00 (4.63)

SECOND HALF, JULY-DECEMBER 2015

Figures compared to July – December 2014.
• Operating income increased by 6.2 %
• Adjusted 1 operating income decreased by 3.1 %
• Cost/income ratio of 40.0 % (31.1 %)
• Earnings per share amounted to SEK 1.72 (2.51)
• Adjusted 1 earnings per share amounted to SEK 2.38 (2.51)

SIGNIFCANT EVENTS, JANUARY-DECEMBER 2015

• Agreements with 13 new retailers within the Sales Finance segment
• Establishment of a branch in Poland
• Acquisition of the Norwegian financial institution BB Finans ASA
31 July 2015
• Own funds strengthened through the issuance of a subordinated tier 2 loan of
SEK 100 million

SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD

• TF Bank’s subordinated tier 2 loan of SEK 100 million was listed on Nasdaq
Stockholm in February 2016.