Länsförsäkringar Hypotek: Year-End Report 2014
” Länsförsäkringar’s stable and profitable growth in retail mortgages continued during the year. Our volume growth was high and the position in the mortgage market strengthened, which shows that our local business model and personal customer meetings are successful. Net interest income strengthened, as did operating profit. We continue to have favourable credit quality with a very low percentage of impaired loans,” says Anders Borgcrantz, President of Länsförsäkringar Hypotek.
The year in brief
- Net interest income increased 17 percent to SEK 1,001 M (852).
- Loan losses amounted to SEK -11 M (7), net, corresponding to loan losses of -0.01 percent (0.01).
- Operating profit increased 33 percent to SEK 405 M (305) and return on equity was 5.5 percent (4.8).
- Lending increased 12 percent to SEK 126 bn (112).
- On 31 December 2014, the Core Tier 1 ratio amounted to 21.9 percent.
- The number of customers increased 7 percent to 201,000.
Figures in parentheses pertain to the comparative period 2013.
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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