The Swedish Covered Bond Corporation (SCBC) Year-end Report 2016

The Swedish Covered Bond Corporation (SCBC) Year-end Report 2016 has been published on www.sbab.se/ir.

January–December 2016 (January–December 2015)

  • Operating profit increased to SEK 1,563 million (1,543), and to SEK 1,742 million (1,559) excluding the net result of financial transactions.
  • Net interest income rose to SEK 2,503 million (2,280).
  • Expenses amounted to SEK 720 million (627).
  • Net loan losses totalled SEK 9 million (recoveries: 12).
  • The return on equity was 8.2% (8.9).
  • The Common Equity Tier 1 (CET1) capital ratio was 82.4% (86.1).
  • All funding programmes continue to have the highest credit ratings from Moody’s.

July–December 2016 (July–December 2015)

  • Operating profit increased to SEK 721 million (820), and to SEK 840 million (837) excluding the net result of financial transactions.
  • Net interest income grew to SEK 1,241 million (1,187).
  • Expenses amounted to SEK 376 million (308).
  • Net loan losses totalled SEK 10 million (recoveries: 11).
  • The return on equity was 7.2% (9.3).
  • The CET1 capital ratio was 82.4% (86.1).

For further information, please contact:
Mikael Inglander, CFO SBAB
+468-614 43 28
mikael.inglander@sbab.se  

The Swedish Covered Bond Corporation, “SCBC” , is a wholly owned subsidiary of the Government-owned SBAB Bank AB (publ). SCBC is a credit market company whose primary operations involve the issuance of covered bonds in Swedish and international markets. Learn more at www.sbab.se/investor

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The Swedish Covered Bond Corporation “SCBC” is a fully owned subsidiary to state-owned SBAB Bank AB (publ). SCBC is a public limited liability company and the principal activity is to issue covered bonds in the Swedish and international markets.

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