Länsförsäkringar Hypotek: Interim report January-June 2013
”Länsförsäkringar has a balanced growth in the mortgage market and net interest income is increasing. Credit quality remained high. Several successful issuances with long maturities were launched during the quarter,” says Anders Borgcrantz, President of Länsförsäkringar Hypotek.
The period in brief
- Net interest income increased 14% to SEK 427 M (376).
- Loan losses amounted to SEK 3 M (-0.3), corresponding to unchanged loan losses of 0.00%.
- Operating profit declined 10% to SEK 168 M (186) and the return on equity amounted to 5.4% (6.3).
- Lending rose 13% to SEK 108 billion (95).
- The Core Tier 1 ratio and Tier 1 ratio amounted to 23.3% (21.4) and the capital adequacy ratio to 25.4% (23.5).
- The number of customers rose 8% to 183,000.
Figures in parentheses pertain to the comparable period 2012.
For further information please contact:
Anders Borgcrantz, President, Länsförsäkringar Hypotek AB,
+46 (0)8-588 412 51, +46 (0)73-964 12 51
Martin Rydin, Executive Vice President, Länsförsäkringar Hypotek AB,
+46 (0)8-588 412 79, +46 (0)73-964 28 23
Anna-Lena Löfvenberg, Investor Relations Manager, Länsförsäkringar
Bank AB, +46 (0)8-588 415 16, +46 (0)73-964 15 16