Stadshypotek’s Interim Report January – June 2016

JANUARY – JUNE 2016 COMPARED WITH JANUARY – JUNE 2015Stadshypotek’s operating profit increased by 3%, or SEK 166m, to SEK 5,550m (5,384). Net interest income rose by SEK 166m to SEK 6,034m (5,868). Of the net interest income, SEK 299m (470) was attributable to the branch in Norway, SEK 191m (211) to the branch in Finland and SEK 160m (130) to the branch in Denmark. Excluding the branches, net interest income increased by SEK 327m, mainly due to higher lending volumes to the private market. The decrease in net interest income at the Norwegian branch was attributable to lower margins for