The Swedish Covered Bond Corporation (SCBC) Interim report January-June 2013
January-June 2013 compared with January-June 2012:
- Profit, excluding net result from financial transactions, amounted to SEK 504 million (703)
- NII amounted to SEK 864 million (1,043)
- Expenses totalled SEK 342 million (301)
- Loan losses amounted to positive SEK 23 million (positive 4), corresponding to a loan loss rate of negative 0.02 percent (negative 0.01)
- Operating profit amounted to SEK 405 million (loss 290)
- The Core Tier 1 capital ratio was 55.5 percent (30.7) without taking the transitional regulations into account and 10.5 percent (10.3) taking the transitional regulations into account
- All funding programmes continue to have the highest credit rating from both Moody’s and S&P
SCBC's interim report can be downloaded from www.sbab.se/ir.
For further information, please contact:
Lennart Krän, CEO, SCBC
Telephone: +46-8-614 43 94, lennart.kran@sbab.se
Adrian Westman, Communications Manager, SBAB
Telephone: +46-8-614 43 29, adrian.westman@sbab.se
The Swedish Covered Bond Corporation, “SCBC”, is a wholly owned subsidiary of the Government-owned SBAB Bank AB (publ). SCBC is a credit market company whose primary operations involve the issuance of covered bonds in Swedish and international markets. Learn more at www.sbab.se/investor
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