Länsförsäkringar Hypotek: Interim report January-March 2012

”Länsförsäkringar is continuing to grow in the mortgage market. Profit increased due to volume growth, improved margins and excellent credit quality. A competitive and sustainable offering to customers requires stable performance of the operations,” says Anders Borgcrantz, President of Länsförsäkringar Hypotek.

The period in brief

  • Loans rose 11% to SEK 91 billion (82).
  • Operating profit rose 80% to SEK 81 M (45) and the return on equity amounted to 5.6% (3.7).
  • Net interest income increased 38% to SEK 172 M (124).
  • Loan losses, net, amounted to SEK 2 M (-2), corresponding to loan losses of 0.01% (-0.01).
  • The Core Tier 1 ratio according to Basel II amounted to 21.6% (19.5). The Tier 1 ratio according to Basel II was 21.6% (19.5) and the capital adequacy ratio was 23.8% (21.9).
  • The number of customers rose 9% to 165,000 (152,000).

Figures in parentheses pertain to the comparable period 2011.

The full report is available attached.

For further information please contact:
Anders Borgcrantz, President, Länsförsäkringar Hypotek AB,
+46 (0)8-588 412 51, +46 (0)73-964 12 51

Martin Rydin, Vice Executive President, Länsförsäkringar Hypotek AB,
+46 (0)8-588 412 79, +46 (0)73-964 12 79

Anna-Lena Löfvenberg, Investor Relations Manager, Länsförsäkringar
Bank AB, +46 (0)8-588 415 16, +46 (0)73-964 15 16

The Länsförsäkringar Alliance comprises 23 local and customer-owned regional insurance companies and the jointly owned Länsförsäkringar AB. Customers are provided with a complete offering of banking and insurance services through their local, regional insurance companies. We offer animal and crop insurance through Agria Djurförsäkring and total solutions for reliable mortgage transactions are offered through Länsförsäkringar Fastighetsförmedling.

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.


Documents & Links