Länsförsäkringar Hypotek: Interim report, January-June 2006
- The operations are continuing to perform favorably. Our ambition is to further strengthen our position through value-for-money mortgage loans and a strong local presence. I am very pleased that we have increased our net interest income despite intense competition, says Anders Borgcrantz, President and CEO of Länsförsäkringar Hypotek.
Summary: Lending increased by 25%, from SEK 27 billion to SEK 34 billion. The market share for mortgage lending rose from 2.7% to 2.9%. The market share of new lending in the home-mortgage market was approximately 4.5%. Operating income amounted to SEK 18.4 M (16.4). Net interest income increased by 7.7% to SEK 94.4 M (87.7). Capital adequacy was 10.97% (12.33) and the Tier 1 ratio 9.09% (9.98). The number of customers increased to 87,000 (77,000). Figures in parentheses pertain to January–June 2005. Read the entire report: www.lansforsakringar.se/reports For further information contact: Anders Borgcrantz President Länsförsäkringar Hypotek AB +46 8 588 412 51 +46 73 96 412 51 anders.borgcrantz@lansforsakringar.se Christer Baldhagen Senior Vice President Corporate Communications Länsförsäkringar AB +46 8 588 415 01 +46 70 579 70 66 christer.baldhagen@lansforsakringar.se