Denmark Lending – Nordbi http://www.nordbi.org/ Tue, 20 Jul 2021 22:53:27 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 http://www.nordbi.org/wp-content/uploads/2021/04/nordbi-icon-150x150.png Denmark Lending – Nordbi http://www.nordbi.org/ 32 32 Aus, real estate prices will increase by 16%: Fitch http://www.nordbi.org/aus-real-estate-prices-will-increase-by-16-fitch/ http://www.nordbi.org/aus-real-estate-prices-will-increase-by-16-fitch/#respond Tue, 20 Jul 2021 10:25:17 +0000 http://www.nordbi.org/aus-real-estate-prices-will-increase-by-16-fitch/

The rating agency Fitch has raised its forecast for housing prices in Australia, predicting that prices will rise by up to 16% in 2021.

The rating agency has raised its home price expectations for seven countries in 2021, with the biggest revisions coming to Canada and Australia. Both countries were marked by double-digit price growth forecasts.

Low mortgage rates, prolonged support for the pandemic and faster economic rebounds are expected to lead to an increase of 14-16% in Australia for 2021.

Lockdowns, border closures and working from home have also resulted in increased savings, allowing shoppers to save for door-to-door deposits sooner than expected.

Additionally, with the cash rate at an all-time low of 0.1 percent and the RBA’s term financing facility means that “low-cost mortgage credit is readily available to most buyers,” noted Fitch.

“Low interest rates in Australia have also started to encourage real estate investors into the market, potentially replacing first-time homebuyers’ demand as they begin to be valued,” the report says.

However, government support for buying a first home has further encouraged buying. Fitch noted that data from the Australian Bureau of Statistics showed first-time homebuyers taking up about a quarter of total loans in March, up from around 10% four years ago.

The trend towards remote and hybrid working has led to a move away from capital cities, according to the report. House prices had risen in almost all parts of Australia and in three other countries monitored: Canada, the United States and Ireland.

Canada is expected to experience a 10-15% increase in 2021, while the United States is expected to experience growth of 8-10%, Ireland is expected to experience a 4-6% increase and an increase of 6-10% . was called for Denmark.

Fitch said the surge in house prices could slow in the medium term if new supply increases to meet demand.

But supply constraints are expected to persist next year, due to limited construction in Australia, where it has been limited since before the pandemic.

Fitch noted that the cost of building materials also increased in 2021, pushing up construction costs, which will be passed on to buyers via higher asking prices for future new construction.

[Related: Active property listings log biggest YOY fall on record]

Aus, real estate prices will increase by 16%: Fitch

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Last updated: July 20, 2021

Posted: July 21, 2021

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Strategic investment in an American start-up and reconstruction by an AI expert http://www.nordbi.org/strategic-investment-in-an-american-start-up-and-reconstruction-by-an-ai-expert/ http://www.nordbi.org/strategic-investment-in-an-american-start-up-and-reconstruction-by-an-ai-expert/#respond Thu, 08 Jul 2021 12:02:13 +0000 http://www.nordbi.org/strategic-investment-in-an-american-start-up-and-reconstruction-by-an-ai-expert/

DGAP-News: Nemetschek SE / Keyword (s): Investment
08.07.2021 / 14:02
The issuer is solely responsible for the content of this advertisement.

Company News

Nemetschek Group: strategic investment in an American start-up and reconstruction of an AI expert

– State-of-the-art technology for remote quality control and progress tracking

– Infusion of capital to accelerate global expansion

– Perfectly suited to Nemetschek’s strategy of investing in the drivers of innovation

Munich, July 8, 2021 – The Nemetschek Group, one of the world’s leading providers of software for the AEC / O industry, participated in the Series B funding round of Reconstruct, the US leader in remote quality control and powered progress tracking software by Computer Vision and artificial intelligence (AI). Jon Elliott, Division Manager, Build & Construct Division and Member of the Board of Directors of the Nemetschek Group will join the Board of Directors of Reconstruct.

Led by the Nemetschek Group and with other AEC companies and leading tech titans, Reconstruct has secured a total of approximately $ 17 million to develop remote quality control for construction and real estate, which in turn will make projects on time and on budget a reality. . This capital injection will accelerate Reconstruct’s product roadmap and global expansion.

Reconstruct CEO Zak MacRunnels explains, “It is exciting to see leading AEC technology companies like the Nemetschek Group appreciate the uniqueness and transformational nature of our software as a service. Their investment allows us to deliver our multi-patented automated detection offering that adds significant efficiencies to the workflow provided by general contractors to owners. “

“By tackling the industry’s biggest challenges, Reconstruct is leading the way in applying computer vision and AI to help managers understand the quantity and quality of work being done and provide a project brief for construction and infrastructure projects, ”said Jon Elliott, Division Manager, Build & Construct Division and member of the Nemetschek Group Board of Directors. “We are delighted to fuel the growth of Reconstruct through this investment and by connecting them to our open partner ecosystems of Bluebeam and other Nemetschek brands in the areas of architecture, engineering, construction and construction. operations, thereby increasing the value of digitization for the AEC / O industry. “

Reconstruct has continued its growth rate of 300% over the past 2 years. The company supplies its software to clients ranging in complexity from 7-Eleven and McDonalds to billion dollar construction companies and industrial and infrastructure owner-operators. Pfizer, for example, uses Reconstruct at its production sites around the world.

The investment fits perfectly with the Nemetschek group’s strategy of helping young companies shape the future AEC / O market and spur innovation. See also a recent announcement regarding the participation in the Series A funding of the fast growing Contech start-up Sablono, the market leader in digital lean technology for construction companies.

About the reconstruction

Reconstruct (R) was founded in 2016 to make the built world a better place to live, work and play. With offices in Silicon Valley and the Midwest and team members located around the world, Reconstruct’s Visual Command Center for Construction (TM) brings together reality capture, design and schedule to provide control quality and remote monitoring of real estate and construction assets.

About the Nemetschek group

The Nemetschek group is a pioneer of digital transformation in the AEC / O industry. With its intelligent software solutions, it covers the entire lifecycle of construction and infrastructure projects and guides its customers into the future of digitalization. As one of the world’s leading business groups in this sector, the Nemetschek Group increases the quality of the construction process and improves the digital workflow for everyone involved. Customers can design, construct and manage buildings more efficiently, sustainably and profitably. . Emphasis is placed on the use of open standards (OPEN BIM). The portfolio also includes digital solutions for visualization, 3D modeling and animation. The innovative products of the four customer-oriented segments are used by approximately six million users worldwide. Founded by Professor Georg Nemetschek in 1963, the Nemetschek group today employs more than 3,000 experts.

Listed on the stock exchange since 1999 and listed on the MDAX and TecDAX, the company achieved a turnover of 596.9 million euros and an EBITDA of 172.3 million euros in 2020.

Contact:
Stefanie Zimmermann
VP Investor Relations & Corporate Communication
NEMETSCHEK SE
Konrad-Zuse-Platz 1
81829 Munich
Phone. : +49 89 540459-250
M: +49 175 7211197

08.07.2021 Distribution of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this advertisement.

DGAP’s distribution services include regulatory announcements, financial / corporate news, and press releases.
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Where and when can Americans travel abroad? http://www.nordbi.org/where-and-when-can-americans-travel-abroad/ http://www.nordbi.org/where-and-when-can-americans-travel-abroad/#respond Thu, 03 Jun 2021 17:17:00 +0000 http://www.nordbi.org/where-and-when-can-americans-travel-abroad/

International travel is back on the agenda this summer for millions of fully vaccinated Americans, but with some countries already open to American travelers – and many still not – it’s hard to know when and where to go. .

According to the Centers for Disease Control and Prevention, it’s safe for vaccinated Americans to travel internationally, keeping in mind the COVID-19 travel destination advisories on this regularly updated list.

Americans can already visit Mexico and parts of the Caribbean, as well as Greece, Iceland, Croatia and Turkey. But most of Europe is still banned, or with restrictions.

Plaka beach on the Aegean island of Naxos, Greece on May 14, 2021.Thanassis Stavrakis / AP

On May 16, Italy began welcoming passengers arriving on government-approved “Covid-tested” flights from several countries, including the United States. Travel requirements for these flights include a negative Covid-19 test before departure, upon boarding and upon arrival in Italy.

Delta Air Lines, American Airlines and United Airlines are already offering Covid-tested flights to Rome and Milan from several U.S. cities, with more flights and cities to be added to the schedule later this summer.

Various countries have announced various opening dates for travelers from the United States, including Spain, which will open its borders to vaccinated tourists on June 7.

“They are welcome – more than welcome – without restrictions or health checks,” Spanish Prime Minister Pedro Sanchez told reporters at a tourism fair last month.

France is expected to reopen to tourists on June 9, but warns that “it is not yet known whether travelers from the United States will be included among foreign tourists allowed to enter.” French authorities recommend that travelers visit the website of the French Embassy in the United States for the latest information.

Ireland announced it would open its borders to American travelers, one of its two largest tourist markets, on July 19.

As more countries join the list, “it will be a mishmash this summer,” said Scott Keyes of Scott’s Cheap Flights. “For most countries you will need to bring proof of vaccination or a recent negative test.”

The encouragement is the fact that this week seven of the 27 countries of the European Union – Bulgaria, the Czech Republic, Denmark, Germany, Greece, Croatia and Poland – have started using the digital certificate. Covid from the EU, known as the Digital Green Certificate. , one month before the scheduled date. Other countries will adopt the program, which verifies the Covid-19 status of EU citizens, in the coming weeks. These countries will then decide whether they wish to extend the program to travelers from the United States.

Non-essential travel, which includes tourism, is still limited between the United States and Canada.

Ahead of the Summer Olympics, the US State Department issued a travel advisory against travel to Japan. “Most of Asia-Pacific is currently not open and it is unlikely to open until fall at the earliest,” Keyes said.

In mid-May, the UK implemented a ‘traffic light system’ for international travel, which places countries on red, amber and green lists. While the lists are expected to be revised in late June, the United States is currently categorized as ‘amber’, which means anyone arriving from America must complete a passenger locator form, notify a negative test result beforehand. travel, quarantine for 10 days upon arrival, and a Covid test on day 2 and day 8 after arrival.

While countries may constantly change their entry requirements in response to the number of cases and the conditions of Covid, “generally speaking, the one-way ratchet is towards greater reopening,” Keyes told NBC News. Travelers should check the US Department of State’s website for updates, as well as individual government and embassy websites, before making reservations.

However, flexibility and generous cancellation policies are always available – and recommended – when booking hotel stays, airline tickets and cruises, or when purchasing passes for travelers. theme parks, museums and attractions.

“Demand is high, limiting availability in some locations, while driving up prices,” said Misty Belles, general manager of the Virtuoso luxury travel network.

“As Europe is slowly opening up this summer, it is in the fall that people are likely to feel more confident in making their travel plans,” and when fares could settle in, Belles said.


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Norway lends all 216,000 doses of AstraZeneca to Sweden and Iceland http://www.nordbi.org/norway-lends-all-216000-doses-of-astrazeneca-to-sweden-and-iceland/ http://www.nordbi.org/norway-lends-all-216000-doses-of-astrazeneca-to-sweden-and-iceland/#respond Thu, 22 Apr 2021 14:08:17 +0000 http://www.nordbi.org/norway-lends-all-216000-doses-of-astrazeneca-to-sweden-and-iceland/

Norway has loaned all 216,000 of its AstraZeneca COVID-19 jabs to neighboring Sweden and Iceland.

Norway’s well being ministry mentioned doses would solely be loaned if the nation continues to droop use of the jab AstraZeneca (Vaxzevria).

On March 11, Norway adopted Denmark in deciding to droop the deployment of jabs by the Anglo-Swedish firm after stories of extraordinarily uncommon blood clots and continued to clear residents with different jabs developed by Pfizer / BioNTech and Moderna.

“Sweden and Iceland wish to borrow Norwegian doses of vaccine from AstraZeneca that are in inventory on the Nationwide Institute of Public Well being,” the ministry mentioned in an announcement.

“Norway will lend doses to Sweden and Iceland so long as the vaccine is on hiatus on this nation.”

Sweden will obtain 200,000 doses of Vaxzevria, whereas Iceland will obtain 16,000 doses from the stockpile, the ministry added.

The loaned vaccines have a shelf life that expires in June and July.

“I’m comfortable that the vaccines we now have in inventory might be helpful even when the AstraZeneca vaccine is placed on maintain in Norway,” Well being Minister Bent Høie mentioned.

“Sweden has a demanding an infection scenario and has supplied vital assist to Norway in working with entry to vaccines.”

However Høie reiterated that Sweden and Iceland would return the doses if Norway’s personal authorities regulator resumed use of the vaccine.

“If the usage of the AstraZeneca vaccine is resumed, we are going to get well the doses we lend as quickly as we request them,” mentioned the minister.

“Sweden and Iceland will then return the doses of their first deliveries of AstraZeneca.”

The European Medicines Company (EMA) has mentioned the advantages of being proof against COVID-19 outweigh the very uncommon danger of growing blood clots probably linked to the Anglo-Swedish vaccine.

Norway, a non-EU member, additionally mentioned that sooner or later their vaccines might be given to different nations within the bloc “in collaboration” with Brussels.

Though the Norwegian Institute of Public Well being has beneficial eradicating the AstraZeneca vaccine from the Norwegian vaccination program, the federal government has determined to attend, saying it “believes that we do not need a robust sufficient foundation to attract a conclusion. closing”.

The nation’s well being ministry reiterated that specialists will overview the usage of Vaxzevria and the Johnson & Johnson vaccine – which use the identical adenovirus know-how – earlier than Could 10.

On Tuesday, Denmark introduced that it could additionally mortgage 55,000 doses of AstraZeneca to the neighboring German state of Schleswig-Holstein.

The Danish authorities mentioned it had “not but determined” what to do with different surplus vaccines, however was in dialogue with a number of nations.


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The ECB stays trustworthy to its coverage and leaves the door open to the “ recalibration ” of the PEPP http://www.nordbi.org/the-ecb-stays-trustworthy-to-its-coverage-and-leaves-the-door-open-to-the-recalibration-of-the-pepp/ http://www.nordbi.org/the-ecb-stays-trustworthy-to-its-coverage-and-leaves-the-door-open-to-the-recalibration-of-the-pepp/#respond Thu, 22 Apr 2021 12:13:22 +0000 http://www.nordbi.org/the-ecb-remains-faithful-to-its-policy-and-leaves-the-door-open-to-the-recalibration-of-the-pepp/

Policymakers on the European Central Financial institution have held agency on coverage, reiterating their intention to extend the stake on bond purchases and, apparently, whereas leaving all their choices open.

Whereas Thursday’s selections had been anticipated, ECB observers believed there was a little bit of disagreement throughout the Governing Council between those that needed to make it clear that the Emergency Pandemic Buy Program ( PEPP) wouldn’t be prolonged past March 2022 and people who most popular a gap. engagement ended.

Ultimately, the ECB selected to not tie its fingers whereas reaffirming its intention to amass belongings underneath the PEPP at a “considerably” increased price through the second quarter than through the first months of 2021. .

It is also value noting that market watchers needed extra particulars on the precise tempo of shopping for that the board had in thoughts.

Considerably additionally, in its coverage assertion, the ECB reiterated that the PEPP was particularly linked to the “disaster part” of the pandemic.

The ECB additionally reaffirmed its intention to proceed to make internet purchases underneath its asset buy program at a price of € 20 billion per 30 days and to proceed to offer liquidity via its refinancing operations. longer-term focused for lenders.

On the identical time, the rate of interest on its foremost refinancing operations, the marginal lending facility and the deposit facility was maintained at 0.0%, 0.25% and -0.50%.


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Orsted and ATP join forces to bid on North Sea energy island http://www.nordbi.org/orsted-and-atp-join-forces-to-bid-on-north-sea-energy-island/ http://www.nordbi.org/orsted-and-atp-join-forces-to-bid-on-north-sea-energy-island/#respond Thu, 22 Apr 2021 11:52:52 +0000 http://www.nordbi.org/orsted-and-atp-join-forces-to-bid-on-north-sea-energy-island/

Orsted and ATP will present a joint bid in the next call for tenders for the Danish North Sea energy island.

Partnership brings together the capabilities of the world’s leading offshore wind developer and Denmark’s largest institutional investor

In a press release, the companies said that by jointly submitting a bid for the North Sea energy island, Orsted and ATP wanted to make a significant contribution to Denmark’s ambitious green transition, building a energy infrastructure and shaping the future. large-scale offshore wind development.

The partnership builds on the strong industrial and financial capacities of the two companies by focusing on the development of the significant renewable energy resources present in the Danish North Sea. These resources could then be developed over the next decades, driving Europe’s green transition.

“The energy island in the North Sea will be a cornerstone in the exploitation of Danish offshore wind resources, which can make a substantial contribution to the green transitions in Denmark and Europe and create thousands of jobs in Denmark” , we read in the press release.

Orsted had already built more than 25 offshore wind farms and 17 offshore transmission systems around the world, and was already the world’s leading developer of offshore wind.

Mads Nipper, CEO of Orsted, said: “The energy island in the North Sea will be absolutely essential for the further construction of offshore wind in the Danish North Sea. For the past 30 years, Orsted has pioneered offshore wind development, making technology the cornerstone of green and economically sustainable transformation in Denmark and around the world.

“By partnering with ATP to submit a bid for the Danish North Sea energy island, we combine Orsted’s global expertise in offshore wind with ATP’s unique experience as one of the largest institutional investors in Europe. We look forward to working with ATP and doing our part to realize this revolutionary infrastructure project with the best technological solutions at the lowest cost and risk for the benefit of Danish society. “

Bo Foged, CEO of ATP, said: “The energy island in the North Sea is a very interesting investment case for ATP, as it can contribute to good and stable pensions and develop Danish industrial positions by force. by also being a decisive lever for the green transition in Denmark.

“Of course, the investment is not without risk, for which our members must be remunerated, but Ørsted and ATP form a strong partnership with the appropriate complementary capacities to carry out this task. And then I am also happy that we can, within the framework of this partnership, guarantee that the returns of the project will benefit all Danes through ATP. “


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Liberis lands in Denmark as it doubles its integrated funding http://www.nordbi.org/liberis-lands-in-denmark-as-it-doubles-its-integrated-funding/ http://www.nordbi.org/liberis-lands-in-denmark-as-it-doubles-its-integrated-funding/#respond Thu, 22 Apr 2021 11:15:08 +0000 http://www.nordbi.org/liberis-lands-in-denmark-as-it-doubles-its-integrated-funding/

Alternative loan

The alternative lender is now active in seven markets spread over three continents.

Image source: Rob Straathof / Liberis

Alternative finance provider Liberis today announced a change in strategy as the lender moves into Denmark.

Under the new regime, Liberis will only finance SMEs through partnerships with e-commerce and payment companies, rather than directly from the companies themselves.

Explaining the pivot, Liberis CEO Rob Straathof said: “Until now, we have been providing SMEs with revenue-based financing directly, as well as through partners. However, thanks to our growing ecosystem of partners, we reach many more SMEs, and the economies of scale we can achieve allow us to pass our savings on to their users. “

“This system works: we are seeing an 80% renewal rate from SMEs that can access the funds they need through the services they already use. Our partners are adding a new value chain to their customers, and everyone is happy. “

Liberis operates an integrated finance model in which it provides finance to SMEs through marketplaces, software providers and other acquirers such as Worldpay and Global Payments, where its lending products are offered directly to businesses.

Borrowers are typically offered pre-approved income-based financing of up to £ 300,000.

Along with a slight change of course, Liberis entered a new market, Denmark, in the hope of taking advantage of the 34,000 SMEs in the market.

“As Denmark begins to emerge from lockdown, we are delighted to be able to provide its owner-managed businesses with treasury support for staff, inventory and utilities,” added Pedram Tadayon, Commercial Director of Liberis.

“We are thrilled to now be the largest provider of revenue-based finance (merchant cash advance) in Denmark, offering a much needed solution and a new approach to help local businesses finance their growth.”

Thanks to its most recent expansion, Liberis is now active in seven countries on three different continents and has provided more than $ 700 million in financing to more than 17,000 companies to date.

At the end of last year, the alternative lender raised £ 70million from long-term backers British Business Investments, Paragon Bank, BCI Europe and new backer Silicon Valley Bank as it moves into was looking towards international expansion.

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Denmark “lends” to Germany 55,000 doses of AstraZeneca http://www.nordbi.org/denmark-lends-to-germany-55000-doses-of-astrazeneca-2/ http://www.nordbi.org/denmark-lends-to-germany-55000-doses-of-astrazeneca-2/#respond Wed, 21 Apr 2021 06:31:10 +0000 http://www.nordbi.org/denmark-lends-to-germany-55000-doses-of-astrazeneca-2/


“On the request of the Minister-President of Schleswig-Holstein, the federal government has determined to make 55,000 doses of AstraZeneca vaccine out there to frame areas,” the Danish International Ministry mentioned in a press release.

He added: “The vaccine doses can be returned by an agreed deadline.”

Denmark is the primary European nation to announce final week that it’s abandoning the AstraZeneca vaccine in opposition to Covid-19, justifying this radical alternative by “uncommon” however “severe” negative effects, regardless of the inexperienced lights of the European regulator and the ‘World Well being Group to make use of them.

He’s persevering with his vaccination marketing campaign for the second with solely Pfizer / BioNTech and Moderna vaccines and has indicated that he may reintroduce AstraZeneca at a later date “if the state of affairs adjustments”.

The state has a inventory of 200,000 doses of AstraZeneca serum.

Germany, which has advisable AstraZeneca for individuals over 60, is preventing the third wave of coronavirus an infection.


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Lunar Doubles Lending by Buying Swedish Lendify Market http://www.nordbi.org/lunar-doubles-lending-by-buying-swedish-lendify-market/ http://www.nordbi.org/lunar-doubles-lending-by-buying-swedish-lendify-market/#respond Tue, 20 Apr 2021 09:28:59 +0000 http://www.nordbi.org/lunar-doubles-lending-by-acquiring-swedish-lendify-market/

Different mortgageDigital financial institution

Lunar will take up Lendify’s mortgage portfolio because the digital financial institution consolidates its place as a one-stop-shop for banking companies within the Nordic international locations.

Picture supply: Ken Villum Klausen / Lunar Group

Sweden’s largest lending market, Lendify, has been acquired by the bloc’s new digital financial institution challenger, Lunar.

The Nordic challenger financial institution hopes to develop its client credit score providing and increase its operations in Sweden by its takeover of the choice lender.

Though particular monetary particulars of the acquisition haven’t but been disclosed, Lunar will purchase Lendify’s mortgage portfolio, value round € 300 million with 40,000 lively financial savings and mortgage prospects.

“Lendify has for a number of years been thought-about one among Sweden’s hottest fintechs and was an early innovator in client credit score with its peer-to-peer platform,” mentioned Ken Villum Klausen, Founder and CEO of Lunar Group.

“We need to enhance our purchasers’ deposits and speed up pan-Nordic progress, and Lendify is the proper match when it comes to danger urge for food, tradition and future imaginative and prescient,” he added.

Reasonably than paying a lump sum to the Swedish different lender, Lunar has bought all the remaining Lendify shares and can welcome all Lendify buyers and workers on board.

“This transaction could have an actual influence available on the market,” commented Lendify President Elisabet Lundgren.

“Lunar and Lendify are an excellent match and the mixed entities will probably be properly positioned for continued and powerful progress as a challenger financial institution. By way of the acquisition, Lunar could have entry to Lendify’s scalable know-how platform and industry-leading credit score reporting course of. “

For now, Lendify will proceed to function as an impartial platform and loans will probably be made beneath each manufacturers, with full integration occurring over the subsequent few months.

The transaction continues to be topic to regulatory approval, however is anticipated to shut in mid-Might.

Lunar’s acquisition of Lendify is its newest step in turning into a world monetary platform for its 250,000 prospects in Denmark, Sweden and Norway.

In December 2020, the digital financial institution launched a “ pay later ” function for its prospects, taking the enormous purchase now, pay later, Klarna, and giving its prospects the flexibility to separate all transactions in 4 retroactively or defer a fee for as much as 30 days.

In early November 2020, Lunar additionally took its first steps into the world of joint accounts, permitting its Premium and Professional prospects to share their accounts with as much as ten individuals within the Lunar app.

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Interim report January – March 2021 http://www.nordbi.org/interim-report-january-march-2021/ http://www.nordbi.org/interim-report-january-march-2021/#respond Mon, 19 Apr 2021 05:28:00 +0000 http://www.nordbi.org/interim-report-january-march-2021/

STOCKHOLM, April 19, 2021 / PRNewswire / – “TF Financial institution’s growth continues and the mortgage portfolio has grown to 8.6 billion SEK on the finish of the primary trimester. The German bank card portfolio has grown 31% because the finish of the 12 months. Working revenue elevated to SEK 79 million and the mortgage loss ratio decreased to three.0%. After the top of the quarter, Boozt carried out our cost answer for its Nordic on-line shops.“- Mattias Carlsson, CEO

January – March 2021 in comparison with January – March 2020

  • The mortgage portfolio amounted to SEK 8,643 million, because the finish of the 12 months, the rise in native currencies is 6%
  • Working revenue elevated by 83% at SEK 78.6 million, the comparability interval was affected by a further allowance for mortgage losses of SEK 30 million
  • Earnings per share elevated 90% to 2.84 SEK
  • Value / earnings ratio elevated to 40.9% (37.8)
  • The entire capital ratio has fallen to 16.2% (17.4) because the finish of the 12 months, partly because of the buyout of Tier 2 subordinated personal funds from SEK 47 million
  • Return on fairness is 24.1% (15.9)

Vital occasions, January – March 2021

  • New agreements for the continuation of the sale of delinquent loans have been signed in Norway, Finland and Sweden within the shopper mortgage section.
  • Growth in Germany continues and the German bank card portfolio has grown by 31% because the finish of the 12 months.

Vital occasions after the top of the reporting interval

  • At April 6 2021, it was introduced that TF Financial institution’s e-commerce initiative Avarda has launched a cost answer for Boozt’s total fast-growing e-commerce surroundings, following a profitable pilot challenge with Booztlet. com in fall 2020.

Month-to-month statistics

To extend transparency and understanding of its operations, TF Financial institution will start publishing month-to-month statistics on the overall measurement of the mortgage portfolio, new loans within the space of ​​shopper loans, the quantity of transactions in e-commerce options. and the variety of bank cards lively in bank cards. Statistics will probably be revealed on a month-to-month foundation from Could 2021, aside from the reporting months the place the consequence will probably be included within the interim stories.

For extra data, please contact:

Mikael meomuttel
CFO and Head of Investor Relations
+46 (0) 70 626 95 33

TF Financial institution in short

TF Financial institution was based in 1987 and is an internet-based area of interest financial institution offering shopper banking and e-commerce options by means of a proprietary IT platform with a excessive diploma of automation. Deposit and mortgage actions are carried out in Sweden, Finland, Norway, Denmark, Estonia, Latvia, Lithuania, Poland, Germany and Austria by means of branches or cross-border banking companies. The operations are divided into three segments: shopper loans, e-commerce options and bank cards.

That is data that TF Financial institution is required to reveal beneath the EU Market Abuse Regulation. The knowledge has been offered for publication, by means of the contact particular person talked about above, on April 19, 2021 at 7:00 am CET.

This data was offered to you by Cision http://information.cision.com

https://information.cision.com/tf-bank-ab–publ-/r/interim-report-january—march-2021,c3326035

The next recordsdata can be found for obtain:

SOURCE TF Financial institution AB (publ)


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