The Swedish Covered Bond Corporation (SCBC) Year-end Report 2019

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The Swedish Covered Bond Corporation (“SCBC”) (in Swedish: AB Sveriges Säkerställda Obligationer (publ)) Year-end Report 2019 has been published on

January–December 2019 (January– December 2018)

  • Operating profit amounted to SEK 1,713 million (1,979)
  • Net interest income totalled SEK 2,835 million (3,069)
  • Expenses amounted to SEK 1,055 million (902)
  • Credit losses totalled SEK 12 million (26)
  • The Common Equity Tier 1 (CET1) capital ratio amounted to 17.0% (17.1)
  • All funding programmes continue to have the highest credit ratings from Moody’s

For further information, please contact:
Mikael Inglander, CEO SCBC
+468-614 43 28

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