Länsförsäkringar Hypotek: Interim report January-March 2013

” Länsförsäkringar has a balanced and stable growth in mortgages and a continued increasing net interest income. Credit quality is high with a level of loan losses and impaired loans, which are virtually nil. Funding was successful during the period and the liquidity situation is strong,” says Anders Borgcrantz, President of Länsförsäkringar Hypotek.

The period in brief

  • Net interest income increased 29% to SEK 222 M (172).
  • Loan losses amounted to SEK 1 M (2), corresponding to loan losses of 0.00% (0.01).
  • Operating profit fell 13% to SEK 70 M (81) and the return on equity amounted to 4.5% (5.6).
  • Lending rose 15% to SEK 104 billion (91).
  • The Core Tier 1 ratio and Tier 1 ratio amounted to 22.4% (21.6) and the capital adequacy ratio to 24.3% (23.8).
  • The number of customers rose 9% to 180,000 (165,000).

Figures in parentheses pertain to the comparable period 2012.

The full report

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, Executive Vice President, Länsförsäkringar Hypotek AB,
+46 (0)8-588 412 79, +46 (0)73-964 28 23

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.