Highlights of Stadshypotek’s Annual Report January – December 2015

JANUARY – DECEMBER 2015 COMPARED WITH JANUARY – DECEMBER 2014Stadshypotek’s operating profit increased by 23%, or SEK 1,975m, to SEK 10,716m (8,741). Net interest income grew by SEK 1,516m to SEK 11,756m (10,240). Of the net interest income, SEK 875m (1,014) was attributable to the branch in Norway, SEK 417m (398) to the branch in Finland and SEK 277m (221) to the branch in Denmark. Excluding the branches, net interest income increased by SEK 1,580m. This increase was primarily due to lower funding costs and higher lending volumes. The decrease in net interest income at the Norwegian