Länsförsäkringar Hypotek: Year-end Report 2015

”It is gratifying that the positive trend in Länsförsäkringar’s retail mortgages is continuing. Volume growth is healthy and we are successively capturing market share while maintaining high credit quality and strengthened operating profit. The housing price trend entails a rising macroeconomic risk and thus it is important to work to promote a better culture of mortgage amortizations. At the same time, it is essential that structural measures are taken to address the underlying problem of too low a rate of new housing construction. .” says Anders Borgcrantz, President of Länsförsäkringar Hypotek.

The year in brief

• Operating profit rose 26% to SEK 509 M (405) and return on equity was 6.0% (5.5).
• Net interest income increased 32% to SEK 1,326 M (1,001).
• Loan losses amounted to SEK -10 M (-11), net, corresponding toloan losses of -0.01%(-0.01).
• Lending increased 17% to SEK 147 billion (126).
• The Core Tier 1 ratio amounted to 37.4% (21.9) on 31 December 2015.
• The number of customers rose 7% to 216,000.

Figures in parentheses pertain to the comparative period 2014.

Read the full report: http://www.lansforsakringar.se/stockholm/om-oss/in-english/financial-reports/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

  
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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