Releases - Länsförsäkringar AB

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2006

 

Found press releases

 

Swedish Financial Supervisory Authority gives Länsförsäkringar green light for B...

12/19/2006 9:00 AM EST
Länsförsäkringar Bank AB will calculate capital adequacy for credit risks in accordance with the IRB method. This will permissible following the Swedish Financial Supervisory Authority’s approval of the method on December 18. This applies on condition that the law is enacted as expected.
“This will further sharpen our competitiveness and provide us with even better tools in our credit risk assessment process....

Historic issue in the Swedish bond market

11/24/2006 2:30 AM EST
On November 24, Länsförsäkringar Bank is launching an historic benchmark bond. Consequently, investors can purchase a new, Swedish high-quality liquid benchmark bond. This is the first time in 20 years that a new player is entering the Swedish market for liquid housing bonds.
“This is an important step on our way to covered bonds. We are choosing to focus on the Swedish market and Swedish investors and will do...

January – September 2006

10/27/2006 4:00 AM EST
“Länsförsäkringar is performing well. The earnings trend remains strong in non-life insurance, life assurance and banking. It is particularly pleasing that the work with refining the fund offering has led to the Länsförsäkringar Alliance now having one of the best offerings in this area. The focus on enhancing efficiency and profitability in recent years has created a substantial position of strength for the future....

Länsförsäkringar Hypotek: Interim report, January-September 2006

10/23/2006 5:10 AM EST
“The operations are continuing to perform according to plan. Low lending losses and a healthy interest net are important signs of strength. To this will be added the covered bonds, which will provide us with an even better base for competitive borrowing. This will enhance our market position and ensure that we will be able to continue to offer our customers attractive prices for their mortgage loans. When we attain...

Länsförsäkringar Bank: Interim report, January-September 2006

10/23/2006 5:05 AM EST
“On a market with sharply increasing competition, we continue to grow in all areas. In addition, we are increasing earnings and profitability each quarter, fully according to our plan. Work with positioning Länsförsäkringar as the natural choice in banking and insurance on the Swedish market continues. We are now intensifying this work through increased customer orientation, improved accessibility and tools that...

Reduced costs and sharper customer offering with new card supplier

10/10/2006 2:00 AM EST
Länsförsäkringar Bank AB and EDB Business Partner Sverige AB have signed an agreement covering services for card processing and collection of card transactions.

“This solution provides us cost efficiency and flexibility. With the new platform, we can easily develop new customer offerings and it creates greater flexibility for continued product development,” says Johan Nyman, Manager Savings and Payments,...

Länsförsäkringar Hypotek submits application for covered bonds

9/27/2006 10:30 AM EST
On September 27, Länsförsäkringar Hypotek AB submitted an application to Finansinspektionen (Swedish Financial Supervisory Authority) for a license to issue covered bonds, in accordance with The Covered Bonds (Issuance) Act (2003:1223).
Conditional upon the company receiving the license from the Swedish Financial Supervisory Authority, the issuance of covered bonds will commence at the end of the second quarter...

Länsförsäkringar Hypotek: Interim report, January-June 2006

8/29/2006 5:26 AM EST
- The operations are continuing to perform favorably. Our ambition is to further strengthen our position through value-for-money mortgage loans and a strong local presence. I am very pleased that we have increased our net interest income despite intense competition, says Anders Borgcrantz, President and CEO of Länsförsäkringar Hypotek.
Summary:
Lending increased by 25%, from SEK 27 billion to SEK 34...

Länsförsäkringar Bank: Interim report, January-June 2006

8/29/2006 5:25 AM EST
- We are continuing to deliver growth and earnings. We are achieving this in a market with intense competition and depressed margins. This is strong evidence of our strength and sustainability. Operations are anchored on solid ground, but despite the positive development in recent years, we want to achieve more. We will continue to challenge by satisfying customers’ entire needs for banking and insurance services,...

Länsförsäkringar Hypotek: Interim report, January-March 2006

4/25/2006 5:23 AM EST
“Covered bonds are a logical next step to further strengthen the Company’s position, and will enable us to offer current and new customers even better prices on mortgage loans. Our aim is to achieve a Triple A rating on the Company’s borrowings. This will ensure that we are well placed to offer more investors an attractive investment alternative, while reducing our borrowing costs”, says Anders Borgcrantz, President...

Länsförsäkringar AB

Länsförsäkringar is Sweden’s only customer-owned and locally established banking and insurance group. The customers in each of the counties in the country own their local and independent regional insurance company. The 2...

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