Länsförsäkringar Hypotek: Interim report January-March 2014

”Länsförsäkringar continues to be successful in the bank market, with good growth in retail mortgages and excellent credit quality in the loan portfolio. We are successfully extending the maturity profile of funding,” says Anders Borgcrantz, President of Länsförsäkringar Hypotek.

The period in brief

  • Net interest income amounted to SEK 222 M (222).
  • Loan losses amounted to SEK -1.3 M (1.1), corresponding to loan losses of 0.00% (0.00).
  • Operating profit rose 11% to SEK 78 M (70) and the return on equity strengthened to 4.6% (4.5).
  • Lending increased 9% to SEK 114 billion (104).
  • The Core Tier 1 ratio according to Basel III was 22.1% on March 31, 2014.
  • The number of customers rose 6% to 190,000.

Figures in parentheses pertain to the comparative period 2013.

http://www.lansforsakringar.se/privat/om_oss/in_english/financial/hypotek/Sidor/financial-reports.aspx

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
 

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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About Us

Länsförsäkringar is Sweden’s only customer-owned and locally established banking and insurance group. The customers in each of the counties in the country own their local and independent regional insurance company. The 23 regional bank and insurance companies cooperate in the jointly owned Länsförsäkringar AB, which conducts development and provides services within banking, life assurance, non-life insurance and animal insurance. Länsförsäkringar offers a broad range of insurance and banking services for individuals, companies and farming. All companies within the Länsförsäkringar Alliance are environmentally certified in accordance with ISO 14001.