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 billion.
The market share for mortgage lending rose from 2.7% to 2.9%.
The market share of new lending in the home-mortgage market was approximately 4.5%.
Operating income amounted to SEK 18.4 M (16.4).
Net interest income increased by 7.7% to SEK 94.4 M (87.7).
Capital adequacy was 10.97% (12.33) and the Tier 1 ratio 9.09% (9.98).
The number of customers increased to 87,000 (77,000).
Figures in parentheses pertain to January–June 2005.
Read the entire report:
www.lansforsakringar.se/reports For further information contact:
Anders Borgcrantz
President Länsförsäkringar Hypotek AB
+46 8 588 412 51
+46 73 96 412 51
Christer Baldhagen
Senior Vice President Corporate Communications Länsförsäkringar AB
+46 8 588 415 01
+46 70 579 70 66