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Swedbank Mort AB - Swedbank Mortgage Interim Report 2019 published

Wed, 17th Jul 2019 08:00

RNS Number : 8012F
Swedbank Mortgage AB (Publ)
17 July 2019
 

 

Press Release

 

17 July 2019

 

Swedbank Mortgage Interim Report 2019 published

                                                              

Swedbank Mortgage Interim Report for 2019 has been published at www.swedbank.com/ir.

 

Swedbank Mortgage AB (in Swedish: Swedbank Hypotek) is a wholly owned subsidiary to Swedbank AB (publ). The mortgage lending is originated through Swedbank's and the Swedish savings banks retail network, one of the largest bank-owned retail networks in Sweden, as well as through the telephone services and Internet Bank. No lending with collateral outside of Sweden is performed.

 

·    Operating profit in the first half of 2019 amounted to SEK 6 468 m (6 243)

·    Net interest income increased by SEK 41 m to SEK 6 659 m (6 618)

·    Lending to the public increased by 1,4 per cent or SEK 13 bn to SEK 1 022 bn (1 009)

·    Profit before impairments increased by SEK 184 m to SEK 6 459 m (6 275)

·    Credit impairments, net, amounted to SEK -9 m (32)

·    Return on equity was 21.7 per cent (22.1)

·    Covered bonds totaling SEK 101 bn (22) were issued during the period

 

http://www.rns-pdf.londonstockexchange.com/rns/8012F_1-2019-7-17.pdf

 

Swedbank Mortgage AB (publ) is required to disclose this information pursuant to the Swedish Securities Markets Act (2007:528). This information was sent to be published on 17 July 2019 at 09:00 CET.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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IR SFDSMWFUSEDW

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