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  • The Swedish Covered Bond Corporation (SCBC) Interim report January-June 2013

The Swedish Covered Bond Corporation (SCBC) Interim report January-June 2013

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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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