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Länsförsäkringar Hypotek: Interim Report January-June 2015

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” Länsförsäkringar Hypotek is continuing to grow with great stability in the mortgage market. Net interest income strengthened, as did operating profit, and we continue to have favourable credit quality with a very low percentage of impaired loans. We can still note rising housing prices and believe that it is vital that our customers have the conditions for healthy and stable household finances. Mortgage repayments combined with other forms of saving are important prerequisites for building stable private finances and for this reason we welcome the new mortgage repayment requirements.” says Anders Borgcrantz, President of Länsförsäkringar Hypotek.

The year in brief

  • Net interest income increased 36 percent to SEK 629 M (464).
  • Loan losses amounted to SEK –6.3 M (–7.9), net, corresponding to loan losses of –0.01 percent (-0.01).
  • Operating profit rose 13 percent to SEK 220 M (194) and return on equity was 5.4 percent (5.2).
  • Lending increased 17 percent to SEK 137.0 bn (116.7).
  • The Core Tier 1 ratio amounted to 38.2 percent (23.9*) on 30 June 2015.
  • The number of customers rose 8 percent to 209,000.
  • Länsförsäkringar Hypotek received permission from the Swedish Financial Supervisory Authority to change its IRB model and change the limit for retail exposures.

Figures in parentheses pertain to the comparative period 2014.*Pertains to 31 March 2015

http://www.lansforsakringar.se/stockholm/om-oss/in-english/financial-reports/lansforsakringar-hypotek/

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

Frida Adrian, Investor Relations Manager, Länsförsäkringar Bank AB,
+46 (0(8-588 403 52, +46 (0)73-867 43 84

   
The Länsförsäkringar Alliance comprises 23 local and customer-owned regional insurance companies and the jointly owned Länsförsäkringar AB. Customers are provided with a complete offering of banking and insurance services through their local, regional insurance companies. We offer animal and crop insurance through Agria Djurförsäkring and total solutions for reliable mortgage transactions are offered through Länsförsäkringar Fastighetsförmedling.

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Q2 Länsförsäkringar Hypotek Q2 2015

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