Swedbank Mortgage Interim Report 2018 published

Swedbank Mortgage Interim Report for 2018 has been published at www.swedbank.com/ir.

Swedbank Mortgage AB (in Swedish: Swedbank Hypotek) is a wholly owned subsidiary to Swedbank AB (publ). The mortgage lending is originated through Swedbank’s and the Swedish savings banks retail network, one of the largest bank-owned retail networks in Sweden, as well as through the telephone services and Internet Bank. No lending with collateral outside of Sweden is performed.

• Operating profit in the first half of 2018 amounted to SEK 6 546m (6 011)
• Net interest income increased by SEK 190m to SEK 6 712m (6 522)
• Lending to the public increased by 2.5 per cent or SEK 24bn to SEK 992bn (968)
• Profit before impairments increased by SEK 579m to SEK 6 637m (6 058)
• Credit impairments, net, according to IFRS 9, amounted to SEK 91m (SEK 47m according to IAS 39)
• Return on equity was 21.9 per cent (21.1)
• Covered bonds totalling SEK 66bn (52) were issued during the period

Swedbank Mortgage AB (publ) is required to disclose this information pursuant to the Swedish Securities Markets Act (2007:528). This information was sent to be published on 18 July, 2018 at 09:00 CET.

About Us

Swedbank Mortgage is the largest mortgage institution in Sweden. We offer competitive loans with different maturities and various possibilities of amortizations. Moreover, we provide additional financial products and services.