Länsförsäkringar Hypotek: Year-end report 2012
” Länsförsäkringar has Sweden’s most satisfied retail mortgage customers for the eighth consecutive year, which shows that customers appreciate our attractive and reasonably priced mortgage offering. The loan portfolio, which largely comprises mortgages for private individuals’ homes, continues to maintain very high credit quality. Funding with covered bonds was successful during the year and the liquidity situation is strong,” says Anders Borgcrantz, President of Länsförsäkringar Hypotek.
The year in brief
- Länsförsäkringar has Sweden’s most satisfied retail mortgage customers according to the Swedish Quality Index.
- Operating profit rose 69% to SEK 319 M (189) and the return on equity strengthened to 5.2% (3.6).
- Net interest income increased 57% to SEK 796 M (506).
- Loan losses amounted to SEK 2 M (-4), corresponding to loan losses of 0.00% (0.00).
- Lending rose 14% to SEK 101 billion (89).
- The Core Tier 1 ratio and Tier 1 ratio amounted to 22.3% (20.6) and the capital adequacy ratio to 24.2% (22.8).
- The number of customers rose 10% to 177,000 (161,000).
Figures in parentheses pertain to 2011.
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, Vice Executive 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