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