TF Bank AB 2024 AR2
The report highlights TF Bank's strong financial performance in 2024, with operating profit increasing by 34% to SEK 684.9 million and the loan portfolio growing to SEK 20,265 million. A key milestone was the divestment of an 80.1% stake in the subsidiary Rediem Capital AB, which streamlined capital use and provided a positive capital effect of SEK 345 million. Geographically, the bank expanded its credit card offering into Spain and Italy, bringing its presence to 14 European countries. On the sustainability front, TF Bank expanded its ESG function by appointing a Head of ESG, prepared its 2024 climate report, and initiated preparations for the upcoming Corporate Sustainability Reporting Directive (CSRD) implementation.
Company: TF Bank AB
Sector: Financials
Country: Sweden
Year: 2024
Type: AR2
Pages: 146
TF Bank AB
Annual Report
The report highlights TF Bank's strong financial performance in 2024, with operating profit increasing by 34% to SEK 684.9 million and the loan portfolio growing to SEK 20,265 million. A key milestone was the divestment of an 80.1% stake in the subsidiary Rediem Capital AB, which streamlined capital use and provided a positive capital effect of SEK 345 million. Geographically, the bank expanded its credit card offering into Spain and Italy, bringing its presence to 14 European countries. On the sustainability front, TF Bank expanded its ESG function by appointing a Head of ESG, prepared its 2024 climate report, and initiated preparations for the upcoming Corporate Sustainability Reporting Directive (CSRD) implementation.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Employees