TF Bank News | Oct 10, 2024
TF Bank reduced the fixed interest rate for a 5000 € loan over five years from 15.9% to 12.9%, decreasing the total repayment amount from 7997.40 € to 7505.40 €...
Brought to you by RivalSense - an AI tool for monitoring any company.
RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡
TF Bank
🌎 tfbank.eeTF Bank is a Nordic bank focused on small loans, operating without physical branches to provide quick and efficient services online. Established in Sweden in 1987, it has over 30 years of banking experience across 11 countries. The bank emphasizes responsible lending and utilizes a specialized automated IT platform for processing loan applications while maintaining human contact through professional customer service.
Updates as of Oct 10, 2024
- TF Bank reduced the fixed interest rate for a 5000 € loan over five years from 15.9% to 12.9%, decreasing the total repayment amount from 7997.40 € to 7505.40 €.
- TF Bank sells its credit market company and a portfolio of non-performing loans to Alektum, becoming a minority owner in the debt collection company.
- TF Bank raised 100 million kronor in supplementary capital on September 18 to redeem previous bonds, and their new bonds will soon trade on Nasdaq Stockholm.
- TF Bank published a bond prospectus and applied for trading admission of SEK 100 million Tier 2 bonds on Nasdaq Stockholm, with trading expected to start on or about October 11, 2024.
- On October 9, 2024, TF Bank announced its bond prospectus and applied for trading of its bonds on Nasdaq Stockholm's corporate bond list.
- TF Bank has reached an agreement with Alektum Holding for the acquisition of Rediem Capital, which will become a wholly-owned subsidiary of Alektum Holding in Q1 2025.
- TF Bank, a Swedish consumer loan provider, launched a branch in Lithuania on October 3, led by Dalia Kubiliutė.
- TF Bank is hiring a Senior Corporate Lawyer in Stockholm who will report to the Head of Legal.
Did you find it useful?
If you liked this report, consider following your own companies of interest. Receive weekly insights directly to your inbox using RivalSense.
