Länsförsäkringar Hypotek: Year-end report 2013
”Länsförsäkringar is strengthening its position in the mortgage market and the credit quality of the loan portfolio remains very high. We have very stable growth and the trend in net interest income was favourable during the year, while expenses remained unchanged,” says Anders Borgcrantz, President of Länsförsäkringar Hypotek.
The year in brief
- Net interest income rose 7% to SEK 852 M (796).
- Loan losses amounted to SEK 6.6 M (2.3), corresponding to loan losses of 0.01% (0.00).
- Operating profit declined 4% to SEK 305 M (319) and the return on equity was 4.8% (5.2).
- Lending increased 11% to SEK 112 billion (101).
- On December 31, 2013, the Core Tier 1 ratio according to transition rules amounted to 9.4% (9.4).
- The number of customers rose 6% to 188,000.
Figures in parentheses pertain to 2012.
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.