Länsförsäkringar Hypotek: Interim report January– September 2007

Report this content

”Our sales of mortgages continued to perform highly positively, while the market trends remained
strong. The third quarter was characterized by unrest in the capital market. I can state that our refinancing operations functioned successfully and the liquidity situation of the company is highly favorable. I would also like to emphasize that we have a very low level of risk in both our lending and liquidity portfolios”, says Anders Borgcrantz, President of Länsförsäkringar Hypotek:

Summary
Lending increased by 25%, from SEK 35 billion to SEK 44 billion.
The market share of mortgages to households increased from 2.9% to 3.3% as of August 31
compared to the same period last year.
The percentage of new lending in the mortgage market was almost 11% as of August 31.
Operating income amounted to SEK 43.2 M (27.4).
Net interest income rose by 28% and amounted to SEK 171.2 M (133.6).
Capital adequacy was 10.62% and the Tier 1 ratio 9.19%.
The number of customers rose to 105,000 (89,000).

Figures in parentheses pertain to January-September 2006.
All comparative figures have been restated in accordance with IFRS.

The full report is attached and also available at www.lansforsakringar.se/reports

For further information, contact:

Anders Borgcrantz,
President, Länsförsäkringar Hypotek AB
+46 (0)8-588 412 51
+46 (0)73- 96 412 51

Dag Rosander,
Press Officer, Länsförsäkringar AB
+46 (0)8-588 414 99
+46 (0)73-96 414 99

Subscribe

Documents & Links