STOCKHOLM, April 13, 2018 /PRNewswire/ --
TF Bank has decided to rename its two business segments
within lending. As of 13 April, Sales Finance will be renamed
Ecommerce Solutions and Direct to Consumer will be renamed Consumer
Lending.
The Ecommerce Solutions segment (formerly Sales Finance) offers
payment solutions to merchants, both ecommerce and retail, for
handling consumer payments. As of 1 January
2017, the segment also includes credit cards.
– Ecommerce Solutions is a better reflection of the segment than
Sales Finance. We do not offer traditional sales finance in the
stores via card infrastructure. Instead, we offer digital ecommerce
solutions for retailers and in-store. We focus heavily on technical
solutions that are flexible and easy for both merchants and
customers, says Mikael Johansson,
Head of the Ecommerce Solutions segment.
In the Consumer Lending segment (formerly Direct to Consumer),
TF Bank offers unsecured consumer loans to creditworthy
individuals.
– Consumer Lending provides a more accurate description of the
segment than Direct to Consumer. The name gives a better indication
of what we actually offer, both to new and existing customers as
well as investors, says Espen
Johannesen, Head of the Consumer Lending segment.
For further information, please contact:
Mikael
Meomuttel, CFO and Head of Investor Relations +46 (0)70 626 95
33
The information was submitted for publication 13 April 2018 at 08:10
CET
About TF Bank
TF Bank is an internet-based niche bank offering consumer
banking services through its proprietary IT-platform with a high
degree of automation. The company's IT platform is designed for
scalability and adaptation to different products, countries,
currencies and digital banking solutions. TF Bank carries out
deposit and lending activities with consumers in Sweden, Finland, Norway, Denmark, Poland, Germany, Estonia and Latvia through subsidiary, branch or
cross-border banking. The business is divided into two segments:
Consumer Lending and Ecommerce Solutions.
This information was brought to you by Cision
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http://mb.cision.com/Main/13973/2493604/820440.pdf
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