trending Market Intelligence /marketintelligence/en/news-insights/trending/8v-QPqrxJPvD9KFnPtQqdA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

TF Bank to absorb units BB Bank, Avarda

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


TF Bank to absorb units BB Bank, Avarda

Sweden's TF Bank AB (publ) unveiled plans to simplify its structure by merging with wholly owned subsidiaries BB Bank ASA, Avarda AB and Avarda Oy.

The plan will see the transfer of BB Bank's operations to a new branch in Norway, while Avarda's operations will be combined with parent TF Bank and its branch in Finland. Subject to regulatory approvals, the mergers are slated to take place in the fourth quarter.

The move will enable TF Bank to achieve higher internal efficiency, gather more products under the TF Bank brand and clarify the group's offering in various markets, the lender said March 21.

BB Bank, which was acquired by TF Bank in 2015, operates in Norway and offers consumer loans and credit cards. Avarda, which TF Bank fully acquired in 2017, provides payment and checkout solutions for online retailers in Sweden and Norway.