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Länsförsäkringar Hypotek: Interim Report January-September 2014

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” Länsförsäkringar continues to be successful in the bank market, with healthy growth in retail mortgages and continued high credit quality in the loan portfolio. Funding of the retail mortgage lending operations remained successful and the trend in net interest income was favourable,” says Anders Borgcrantz, President of Länsförsäkringar Hypotek.

The period in brief

  • Net interest income increased 13% to SEK 720 M (636).
  • Loan losses amounted to SEK 10.7 M (–3.7), corresponding to loan losses of –0.01% (0.00).
  • Operating profit rose 14% to SEK 283 M (248) and the return on equity was 5.2% (5.3).
  • Lending increased 10% to SEK 120 billion (110).
  • The Core Tier 1 ratio amounted to 22.1% on September 30, 2014.
  • The number of customers rose 5% to 196,000.

Figures in parentheses pertain to the comparative period 2013.

http://www.lansforsakringar.se/stockholm/om-oss/in-english/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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Q3 Länsförsäkringar Hypotek Q3 2014

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