Stadshypotek’s Interim Report January – June 2015

JANUARY – JUNE 2015 COMPARED WITH JANUARY – JUNE 2014 Stadshypotek’s operating profit increased to SEK 5,384m (4,145). Net interest income rose by SEK 1,041m to SEK 5,868m (4,827). Of the net interest income, SEK 470m (517) was attributable to the branch in Norway, SEK 211m (186) to the branch in Finland and SEK 130m (103) to the branch in Denmark. Excluding the branches, net interest income increased by SEK 1,036m. This increase was mainly due to higher lending volumes and lower funding costs. The decrease in net interest income at the Norwegian branch was attributable to lower margins