Länsförsäkringar Hypotek: Interim report January– September 2008

”Once again, we have Sweden’s most satisfied retail bank customers according to the Swedish Quality Index (SQI), and this is gratifying since mortgage transactions are so important to our customers.
Lending growth remained in line with the most recent quarters and our margins improved, generating a higher return. Our liquidity situation is very strong and our borrowing operations have functioned well. The quality of our credit portfolio remained very high, while the level of loan losses was extremely low. Our operations were characterized by low risk in all areas, thereby ensuring that our liquidity is of highest quality, says Anders Borgcrantz, President Länsförsäkringar Hypotek.


• Operating profit increased to SEK 82 M (43).
• Net interest income rose by 37% to SEK 235 M (171).
• The capital adequacy ratio was 10.2% and the Tier 1 ratio was 8.4%.
• Lending increased by 18% to SEK 52 billion (44).
• Credit quality remained favorable and the mortage operations have overall a low risk profile
• The number of customers rose to 111,000 (100,000).

Figures in parentheses pertain to January-September 2007.

The full report is available below.

For further information, contact

Anders Borgcrantz
President, Länsförsäkringar Hypotek AB
+46 (0)8-588 412 51
+46 (0)73-96 412 51

Göran Laurén
Executive Vice President and Finance Manager, Länsförsäkringar Hypotek AB
+46 (0)8-588 410 73
+46 (0)73-96 410 73

Christer Baldhagen
Senior Vice President Corporate Communications, Länsförsäkringar AB
+46 (0)8-588 415 01
+46 (0)70-579 70 66

About Us

Länsförsäkringar is Sweden’s only customer-owned and locally established banking and insurance group. The customers in each of the counties in the country own their local and independent regional insurance company. The 23 regional bank and insurance companies cooperate in the jointly owned Länsförsäkringar AB, which conducts development and provides services within banking, life assurance, non-life insurance and animal insurance. Länsförsäkringar offers a broad range of insurance and banking services for individuals, companies and farming. All companies within the Länsförsäkringar Alliance are environmentally certified in accordance with ISO 14001.


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