Stadshypotek's interim report January-September 2007
Performance Stadshypotek's operating profit for the nine-month period was SEK 3,110m. The profit for the corresponding period the previous year was SEK 3,408m. The change in the operating profit was chiefly attributable to a decrease in net interest income. Price competition on the market has persisted, which meant that the pressure on margins continued during the third quarter. Stadshypotek's lending volume on the private market maintained its very positive trend during the period. However, compared to the same period last year, it was not possible to offset the falling lending margins.