INTERIM REPORT JANUARY – SEPTEMBER 2010
- OPERATING PROFIT EXCLUDING “NET RESULT OF FINANCIAL TRANSACTIONS” FOR THE FIRST NINE MONTHS OF 2010 AMOUNTED TO MSEK 279.7 (103.1)
The improvement in profit was attributable to higher net interest income, lower costs and capital gains from the sale of two operating properties.
- THE VOLUME OF LOANS OUTSTANDING AMOUNTED TO MSEK 50,779 (44,885)
Loans outstanding increased 9.3 percent during the first nine months of 2010 to MSEK 50,779. Credit demand from Sweden’s farmers and forest farmers has, from high levels, abated somewhat during the autumn. Landshypotek boosted its share of the market for loans to farm and forest owners during 2010.
- LOAN LOSS RATE: 0.00 PERCENT (0.02)
Loan losses for the first nine months of the year amounted to MSEK 1.8, corresponding to 0.00 percent of loans outstanding.
- CAPITAL ADEQUACY WAS 36.7 PERCENT; TIER 1 CAPITAL ADEQUACY WAS 31.8 PERCENT ACCORDING TO BASEL II RULES