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2019 was the strongest year to date in SBAB’s 35-year history. Net profit of almost SEK 1,800 million, lending of SEK 384 billion, Sweden’s most satisfied customers and one of Sweden’s best workplaces mean we look to the future full of confidence. At the same time, we are not underestimating challenges posed by new customer needs and the rapidly changing market.
Klas Danielsson, CEO of SBAB
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SBAB Interim Report January–September 2019

SBAB’s Interim Report January–September 2019 is now available for download on www.sbab.se/IR. Q3 2019 (Q2 2019) ·  Lending totalled SEK 378.2 billion (372.3) ·  Deposits totalled SEK 130.0 billion (127.3) ·  Net interest income amounted to SEK 861 million (852) ·  Expenses amounted to SEK 280 million (288) ·  Loan losses amounted to SEK 0 million (7) ·  Operating profit amounted to SEK 601 million (577) ·  Return on equity was 12.0% (11.9) ·  The C/I ratio was 31.8% (33.0)

SBAB Interim Report January–March 2019

SBAB’s Interim Report January–March 2019 is now available for download on www.sbab.se/IR. Q1 2019 (Q4 2018) ·  Lending totalled SEK 366.3 billion (364.2) ·  Deposits totalled SEK 126.1 billion (124.9) ·  Net interest income rose to SEK 883 million (848) ·  Expenses totalled SEK 292 million (297) ·  Loan losses amounted to SEK 9 million (7) ·  Operating profit amounted to SEK 590 million (579) ·  Return on equity was 12.5% (11.9) ·  The C/I ratio was 32.8% (33.7) ·  The

SBAB Interim Report January–September 2018

SBAB’s Interim Report January–September 2018 is now available for download on www.sbab.se/IR. THE QUARTER IN BRIEF Q3 2018 (Q2 2018) · Lending to the public increased 1.8% in the quarter to SEK 358.0 billion (351.5). Total deposits from the public increased 3.0% in the quarter to SEK 120.5 billion (117.0) · Return on equity amounted to 10.9% (12.6) and the C/I ratio was 32.5% (31.6) · A non-recurring commission expense to a mortgage broker was charged to Q3 operating profit in

SBAB Interim Report January–June 2018

SBAB’s Interim Report January–June 2018 is now available for download on www.sbab.se/IR. Q2 2018 (Q1 2018) ·  Lending totalled SEK 351.5 billion (344.0) ·  Deposits totalled SEK 117.0 billion (115.3) ·  Net interest income rose to SEK 850 million (831) ·  Expenses increased to SEK 264 million (242) ·  Loan losses amounted to recoveries of SEK 8 million (recoveries: 10) ·  Operating profit amounted to SEK 575 million (576) ·  Return on equity was 12.6% (13.0) ·  The C/I ratio

SBAB Interim Report January–June 2017

SBAB’s Interim Report January–June 2017 is now available for download on www.sbab.se/IR. Q2 2017 (Q1 2017) ·  Total lending: SEK 315.6 billion (305.1) ·  Total deposits: SEK 102.7 billion (100.0) ·  Operating profit: SEK 539 million (549) ·  Net interest income: SEK 777 million (779) ·  Expenses: SEK 244 million (232) ·  C/I ratio: 31.2 % (29.9) ·  Net loan losses: SEK 1 million (recovery: 6) ·  Return on equity: 12.4% (12.6) ·  Common Equity Tier 1 (CET1) capital ratio:

Interim Report January–March 2017

SBAB’s Interim Report January–March 2017 is now available for download on www.sbab.se/IR. CEO statement from Klas Danielsson: We continue to robustly develop operations. High growth in both deposits and lending was posted in the first quarter of the year, and we delivered strong results. Our robust market position together with a strengthened offering in two-year fixed-interest mortgages resulted in new lending for the period of SEK 18.0 billion. At the end of the quarter, SBAB’s total lending

Interim Report January ­– September 2016

SBAB’s Interim Report for January – September 2016 is now available for download on www.sbab.se/IR. Klas Danielsson, CEO of SBAB, comments: Once again, we are reporting strong quarterly figures in terms of high net interest income, strong earnings, low loan losses, a low C/I ratio and a healthy return on equity. Margins on residential mortgages remain high driven by a combination of factors, including raised capital requirements, expectations of forthcoming additional capital requirements, a strong market for covered bonds, high rates of saving with strong deposit inflows, a robust

Interim Report January ­‑ June 2016

SBAB’s Interim Report for January – June 2016 is now available for download on www.sbab.se/IR. Financial highlights: Second quarter of 2016 (first quarter of 2016) · Lending increased to a total of SEK 302.7 billion (299.4). · Deposits increased to a total of SEK 88.0 billion (81.2). · Operating profit increased to SEK 490 million (439), and to SEK 486 million (420) excluding net income/expense from financial instruments and restructuring costs. · Net interest income amounted to SEK

Interim report January ­‑ March 2016

SBAB’s CEO, Klas Danielsson, comments: Our strong earnings trend continues and our operations are still performing well despite a lower pace of new lending compared with recent quarters, albeit with continued favourable growth in deposits. Our deposit offering, which provides favourable savings rates for both private individuals and businesses, is growing stronger in a market where the major banks are offering zero interest at best. In January, we completed the acquisition of booli.se, a provider of housing services and a search engine for housing. Booli is performing well and we are

Year-end report 2015

“In December, we found out that we still have Sweden’s most satisfied residential mortgage customers according to Svenskt Kvalitetsindex (Swedish Quality Index, SKI). This makes us incredibly proud.”SBAB’s CEO, Klas Danielsson, comments: In 2015, we were highly successful in implementing our focus on residential mortgages and housing financing. Operations performed strongly with even more satisfied customers, increased volumes, strong margins and good profitability. We succeeded in this thanks to the incredible efforts over the year of my colleagues at SBAB. In 2016 and ahead, we will

Interim report 1 January – 30 September 2015

“Our market share within retail continued to grow, both within lending and deposits, which is highly gratifying and in line with our ambition to grow.”SBAB’s CEO, Klas Danielsson, comments: It is very exciting to manage SBAB. Our company is currently transforming into a sustainable growth company with a focus on housing and housing finances. We continuously strive to create the most efficient digital residential mortgage process on the market, while developing housing services for the future at sbab.se. The strong performance in the two first quarters of the year continued in the

Interim report 1 January – 30 June 2015: Strong volume growth and profit trend

SBAB’s CEO, Klas Danielsson, comments:It is our mission to contribute to better housing and improved housing finances. We help make dreams come true – dreams of a home. Growth in the form of expanding volumes and market shares within residential mortgages and housing financing are to be the results of our work. These are also key to achieving long-term profitability. We are continuously developing, improving and digitising our customer offering while at the same time striving to achieve greater cost-efficiencies in an increasingly regulated and complex environment. The second quarter of

Interim report 1 January – 30 June 2014: Volume growth and stronger profits

SBAB’s CEO, Per Anders Fasth, comments: SBAB’s operating profit, which continued to grow stronger in the second quarter of the year, amounted to SEK 502 million. Return on equity amounted to 14.3%, exceeding the 10% target. Positive volume growthThe lending business remained affected by strong competition in the market, but SBAB still experienced positive volume growth in the quarter. New lending to households rose, while new lending to companies and tenant-owner associations were in line with the previous quarter. SBAB’s total lending amounted to SEK 259 billion at midyear. During

Interim report 1 January – 31 March 2014: Improved profit and continued growth in deposits

SBAB’s CEO, Per Anders Fasth, comments:In the first quarter, SBAB’s operating profit amounted to SEK 340 million and return on equity was 10.8%. The capital base remained strong with a Common Equity Tier 1 capital ratio of 22.6%, which exceeds the target for the bank’s capital structure by a good margin. The success of SBAB’s savings accounts persists, with strong growth in customers and deposits. At the end of the quarter, total deposits amounted to SEK 52 billion. At the same time, lending operations continue to be subject to the fierce competitiveness that pervaded the end of 2013.

Interim Report 1 January – 30 June 2013: Stable trend in deposits and new lending

CEO Carl-Viggo Östlund’s comments:”SBAB’s operating profit for the second quarter of 2013 amounted to SEK 259 million, and for the half-year to SEK 584 million. Excluding net result from financial instruments, the operating profit was SEK 281 million and SEK 620 million. Compared with the first quarter, net interest decreased somewhat as a consequence of increasing competition in the housing market.  The return on equity was 10 percent. Over the period, we have observed a stable trend in deposits and new lending. It has been an eventful quarter: March saw the launch of SBAB’s three

Interim report Jan–Sep 2012: Continued stable development of underlying operating profit

SBAB Bank’s CEO, Carl-Viggo Östlund, comments:During the quarter, SBAB reported a continued solid earnings trend. Operating profit, excluding net result of financial instruments, was once again higher than in the preceding quarter. However, market-value changes of financial instruments caused an adverse impact on the overall operating result. We foresee continued strong demand for mortgages, primarily in our lending to tenant-owner associations. Lower expenses compared with the preceding quarter confirm that our increased effort to take a proactive approach to cost control is generating

Interim report 1 January – 30 June 2012: Market leading in new deposits

SBAB Bank’s CEO, Carl-Viggo Östlund, comments:SBAB Bank reported an improved operating profit for the second quarter compared with the year-earlier period. This was the result of continued stable net interest income trend, lower expenses and the fact that the impact on earnings from the market valuation of financial instruments was not as negative as in the first quarter. Our deposits through savings accounts are breaking records and, for the first five months of the year, we were the market leader in new deposits from households in Sweden, with a market share of 36 percent. This

SBAB Bank Interim report Jan–Mar 2012: Strong growth in deposits, but financial items burdened results

SBAB Bank’s CEO, Carl-Viggo Östlund, comments:SBAB Bank displayed a strong performance in the first quarter, with increases in net interest income and in earnings from under­lying business operations compared with the corresponding period in 2011. This increase was mainly due to stronger demand, higher average volumes and improved earnings in the lending operations. However, the market value of financial instruments resulted in unrealised negative effects on operating profit, which, along with development costs, was the main reason for the loss we reported. In January and February, the

Interim Report 1 January – 30 June 2011

SBAB Bank experiences continuous stable developmentSBAB Bank’s CEO Eva Cederbalk comments on the results: “SBAB Bank’s business volumes experienced a stable development during the second quarter, while the operation continues to broaden its product offering. We further strengthened our liquidity and continued the strategy of extending our funding.” Performance in January-June 2011 compared with January-June 2010The interest-rate margin on lending remained stable, at the same time as net interest income declined to SEK 782 million (949) during the first half of 2011. The decrease was

Interim Report 1 January – 31 March 2011: SBAB Bank reports continued positive net interest income trend compared with the fourth quarter of 2010

SBAB Bank’s CEO Eva Cederbalk comments on the results: “During the quarter, we experienced a slackening of demand and increased competition for residential mortgages. It is therefore satisfying being able to report that our net interest income developed positively compared with the preceding quarter.”Operating results of first quarter of 2011 compared with first quarter of 2010SBAB’s operating results declined compared with the year-earlier period to a loss of SEK 164 million (profit: 172). The results were negatively affected in the amount of SEK 347 million due to factors including

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