Question 1

What is TF Bank?

Accepted Answer

TF Bank in Lithuania is an EEA branch of TF Bank AB (Sweden), operating as TF Bank Lietuvos filialas. The branch provides digital consumer banking services and e-commerce payment solutions to Lithuanian customers as part of TF Bank's pan-European operations.

As a Scandinavian-culture bank, TF Bank operates with principles of simplicity, responsibility, and efficiency. The Lithuanian branch serves creditworthy individuals through two business segments: Ecommerce Solutions and Consumer Lending. The branch is regulated by the Bank of Lithuania (Lietuvos Bankas) while operating under the parent bank's Swedish banking license.

Question 2

When was TF Bank founded?

Accepted Answer

The parent institution, TF Bank AB, was founded in Sweden in 1987 and obtained its Swedish banking license in 2012. TF Bank entered the Lithuanian market in 2018 when it launched consumer lending operations.

The current Lithuanian branch entity, TF Bank Lietuvos filialas, was officially registered on September 12, 2024, with registration code 306989111. This registration formalized the branch structure that had been operating in Lithuania since 2018. The branch received EBA authorization on October 1, 2024.

Ecommerce solutions under the TF Bank brand were introduced to the Lithuanian market in 2022, expanding the bank's service offering beyond consumer loans.

Question 3

Where is TF Bank headquartered?

Accepted Answer

TF Bank's Lithuanian branch is located at Lvivo g. 25-701, LT-09320 Vilnius, Lithuania. The branch operates from the capital city, serving customers across Lithuania.

The parent institution, TF Bank AB, is headquartered in Borås, Sweden.

Question 4

Where does TF Bank operate?

Accepted Answer

Within Lithuania, TF Bank operates nationwide through digital channels from its Vilnius office. The bank provides services entirely online and through mobile applications, serving customers throughout Lithuanian territory without physical branch locations.

The Lithuanian branch represents one component of TF Bank's broader Baltic operations, which also include Estonia and Latvia. Lithuania is characterized as a fast-growing credit market with several established Nordic companies operating locally, creating a competitive but expanding environment.

Question 5

What services does TF Bank offer?

Accepted Answer

TF Bank in Lithuania provides digital banking services across two segments:

Consumer Lending: Unsecured consumer loans (vartojimo paskolos) to creditworthy individuals with loan amounts adjusted to Lithuanian market conditions. The bank also offers refinancing services (refinansavimas) enabling customers to consolidate existing debts. Products feature competitive interest rates with terms adapted to local regulatory requirements.

Ecommerce Solutions: Digital payment solutions for Lithuanian online retailers and their customers, enabling flexible payment options during e-commerce transactions. These solutions support the entire purchasing journey from checkout to final payment.

Savings and Deposit Accounts: Savings accounts and time deposit accounts providing secure savings options with competitive interest rates. Deposits are covered by Lithuania's Deposit and Investment Insurance scheme up to EUR 100,000 per depositor.

Current Accounts: Transaction accounts supporting daily banking needs.

All services are accessible through TF Bank's digital platforms, featuring user-friendly online banking and mobile applications. The bank operates Monday through Friday from 08:00 to 19:00, providing customer support during business hours.

Question 6

What makes TF Bank unique?

Accepted Answer

TF Bank distinguishes itself in Lithuania through its Scandinavian banking culture emphasizing simplicity, responsibility, and efficiency. The fully digital model eliminates overhead costs associated with physical branches, enabling competitive pricing and rapid service delivery.

The branch leverages TF Bank's proprietary IT platform and credit assessment models developed over 30 years of operations. This technology enables automated decision-making and efficient processing while maintaining responsible lending practices.

As part of a publicly listed Swedish bank operating across 14 European countries, the Lithuanian branch provides local customers access to international banking expertise and robust operational infrastructure. The bank employs approximately 22 insured employees in Lithuania, maintaining local presence while benefiting from group resources.

TF Bank's mission focuses on creating reliable financial solutions and friendly customer experiences, differentiating itself through customer service quality and transparent products.

Question 7

What type of financial institution is TF Bank?

Accepted Answer

TF Bank operates as an EEA Branch (CRDEEABRA) of a credit institution under European Banking Authority classification. The Lithuanian entity functions as a filialas (branch) of the parent Swedish credit institution TF Bank AB.

The branch is regulated by the Bank of Lithuania (Lietuvos Bankas) as the competent authority, while operating under the banking license issued by the Swedish Financial Supervisory Authority. This passporting arrangement enables TF Bank to provide banking services in Lithuania based on its Swedish authorization.

Deposits held with TF Bank's Lithuanian branch are protected through Sweden's deposit guarantee scheme administered by the Swedish National Debt Office, covering deposits up to SEK 950,000 (approximately EUR 100,000) per depositor. The branch's BIC code is TFBFLT22XXX, and it operates under Lithuanian company registration number 306989111.

Question 8

What is TF Bank's market position in Lithuania?

Accepted Answer

TF Bank has been active in Lithuania since 2018, establishing presence during a period of growth in the Baltic consumer credit market. The bank competes with both local Lithuanian financial institutions and other Nordic banks that have expanded into the region.

Lithuania's credit market benefits from well-developed infrastructure including accessible credit information systems and functioning debt collection mechanisms. These characteristics create favorable conditions for consumer lending operations while supporting responsible lending practices.

The branch employs approximately 22 staff members with an average salary of EUR 3,596.43 (as of May 2025), indicating skilled workforce investment. The Lithuanian office maintains active social media presence through Facebook and LinkedIn, engaging with customers and promoting financial literacy.

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About TF Bank in Lithuania