Final Results

Announcement of Result for 2006 – Sveriges Bostadsfinansieringsaktiebolag, SBAB (publ) – The Swedish Housing Finance Corporation, SBAB 1 January – 31 December 2006

SBAB’s net operating income for 2006 was SEK 652 million

The investment in the corporate market during the year has led to a doubling of new sales of corporate loans compared with last year. Lending to the residential mortgage market developed positively and grew during the year by SEK 12 billion. At the same time, SBAB has successively decreased its expenses during the year, in particular costs for personnel, administration and marketing.

- Continued pressure on margins has meant that income has not increased at the same rate as the portfolio, says Eva Cederbalk, SBAB’s CEO. A result of SEK 652 million for 2006 is a good achievement bearing in mind that we have carried out several important development projects during the year.

Net operating income for the whole year 2006
SBAB’s net operating income for 2006 amounted to SEK 652 million (SEK 666 million). The change in income is mainly explained by continued investments in development projects. Net interest income was SEK 1,334 million compared with SEK 1,296 million in 2005. Continued pressure on margins has meant that income has not increased at the same rate as the portfolio.

Expenses totalled SEK 593 million (SEK 596 million), which is a reduction from last year despite a year of extensive investments in development projects. Costs for personnel, administration and marketing are lower than last year.

Annual General Meeting
SBAB’s Annual General Meeting will take place on Thursday, 19 April 2007.

The full statement including tables can be downloaded from and
A copy of the Announcement of SBABs’ Result for 2006 will be submitted to the UK Listing Authority, and will shortly be available for inspection at the UK Listing Authority’s Document Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS
Tel. No. (0)20 7676 1000

About Us

SBAB’s business idea is to apply innovation and consideration to offer loans and savings products to private individuals, tenantowner associations and property companies in Sweden. SBAB was founded in 1985 and is owned by the Swedish state. SBAB has about 335,000 customers and 500 employees. SBAB had Sweden’s most satisfied residential mortgage customers in 2014, 2015 and 2016, according to Svenskt Kvalitetsindex (SKI, Swedish Quality Index). Read more at,,


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