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Swedbank Mort AB - Swedbank Mortgage year-end report 2018 published

Tue, 29th Jan 2019 08:01

RNS Number : 3755O
Swedbank Mortgage AB
29 January 2019
 

 

Press Release

 

29 January, 2019

 

Swedbank Mortgage year-end report 2018 published

                                                              

Swedbank Mortgage year-end report for 2018 has been published at www.swedbank.com/ir.

 

Swedbank Mortgage AB (publ) 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 second half of 2018 amounted to SEK 6 243m (6 546)

·    Net interest income decreased by SEK 94m to SEK 6 618m (6 712)

·    Lending to the public increased by 1.7 per cent or SEK 17bn to SEK 1 009bn (992)

·    Profit before impairments decreased by SEK 362m to SEK 6 275m (6 637)

·    Credit impairments, net, according to IFRS 9, amounted to SEK 32m (91)

·    Return on equity was 22.1 per cent (21.9)

·    Covered bonds totalling SEK 22bn (66) were issued during the period

 

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 29 January, 2019 at 09:00 CET.

 

http://www.rns-pdf.londonstockexchange.com/rns/3755O_1-2019-1-29.pdf

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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