4finance Completes Purchase of TBI Bank in Bulgaria


Acquisition of profitable consumer-focused EU bank reinforces strategy of
sustainable growth
RIGA, Latvia--(BUSINESS WIRE)-- Regulatory News:

4finance Holding S.A. (the “Group”), one of Europe’s largest online and mobile
consumer lending groups, has completed the purchase of TBI Bank EAD through the
acquisition of 100% of TBIF Financial Services B.V. (“TBI” or the “Bank”) from
its parent company, Kardan N.V., following receipt of all regulatory approvals.

The total consideration comprises a sum of approximately EUR 69 million, which
was paid on closing, plus an adjustment to be paid based on the reviewed results
of the acquired assets since 1 January 2016.

TBI is a consumer-focused financial group in Bulgaria and Romania with
consolidated assets of EUR 272 million as of 30 June 2016, including EUR 175
million of customer loans. Funding is predominantly through customer deposits
and customer accounts of EUR 169 million, representing 81% of total liabilities,
as of 30 June 2016. Pro-forma summary financials for the combination of 4finance
and TBI will be presented as part of the Group’s first half 2016 results
publication at the end of August.

George Georgakopoulos, CEO of 4finance, commented:

“We are delighted to have completed the purchase of TBI Bank. This acquisition
significantly increases our scale and profitability in two existing markets,
Bulgaria and Romania, with a combined population in excess of 26 million.

“The Bank complements our existing consumer lending business and can help
broaden our product range, for example into credit cards. It also has a strong
deposit franchise and offers the opportunity to develop how we operate in other
markets.

“This is an important strategic step as we build a sustainable business for the
long term. We look forward to continuing the good relationship developed with
the Bulgarian and Romanian regulators in recent months, and welcome TBI’s
customers and staff to the Group.”
Contacts

4finance (Investor Relations)

James Etherington

Email: investorrelations@4finance.com

+44 (0)7766 697 950

or

Instinctif Partners (International Media)

David Simonson/Mark Walter

Email: 4finance@instinctif.com

+44 (0)207 457 2020
Notes to Editors

4finance is one of Europe’s largest and fastest growing online and mobile
consumer lending groups with operations in 14 countries globally. Putting
innovative data-driven analysis into all aspects of the business, 4finance has
grown rapidly, issuing over EUR 3.0 billion to date in single payment loans,
instalment loans and lines of credit.

4finance operates through a portfolio of market leading brands with strong
regional presence including Vivus, SMSCredit and Zaplo. A responsible lender,
offering simple, convenient and transparent products and service, 4finance is
meeting growing customer demand from those under-served by conventional lending.

Established in 2008, 4finance has group offices in Riga (Latvia), London (UK)
and Miami (USA), and operates in Argentina, Armenia, Bulgaria, the Czech
Republic, Denmark, Finland, Georgia, Latvia, Lithuania, Mexico, Poland, Romania,
Spain and Sweden. www.4finance.com

Attachments

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