Brief: TF Bank Q3 Operating Profit Down At SEK 72.6 Mln

Avarda Bank AB

15/10/2020 06:07

Oct 15 (Reuters) - TF Bank AB  TFBANK.ST :
    * JUL-SEPT LOAN PORTFOLIO HAS INCREASED BY 7.5 % TO SEK
7,574
MILLION DURING QUARTER
    * JUL-SEPT OPERATING PROFIT DECREASED BY 7 % TO SEK 72.6
MILLION
    * JUL-SEPT COST/INCOME RATIO INCREASED TO 38.7 % (36.5)
    * AS A RESULT OF UNCERTAIN MACROECONOMIC SITUATION AN
ADDITIONAL
LOAN LOSS PROVISION OF SEK 30 MILLION WAS MADE AT END OF Q1 OF
2020

Source text for Eikon:  ID:nWkr28pPGM 
Further company coverage:  TFBANK.ST 

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