Länsförsäkringar Hypotek: Interim Report January–March 2015
” Länsförsäkringar continued to grow in the mortgage market during the first quarter of 2015. Net interest income increased and credit quality remained high with loan losses and impaired loans that amounted to zero. Financing of the retail mortgage lending operations was highly satisfactory and the maturity profile remained highly diversified” says Anders Borgcrantz, President of Länsförsäkringar Hypotek.
The period in brief
- Net interest income increased 34 percent to SEK 296 M (222).
- Loan losses amounted to SEK –3.1 M (–1.3), net, corresponding to loan losses of –0.01 percent (0.00).
- Operating profit rose 16 percent to SEK 90 M (78) and the return on equity amounted to 4.5 percent (4.6).
- Lending increased 15 percent to SEK 130.9 bn (113.9).
- The Core Tier 1 ratio amounted to 23.9 percent on 31 March 2015.
- The number of customers rose 8 percent to 205,000.
Figures in parentheses pertain to the comparative period 2014.
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.