Länsförsäkringar Hypotek: Interim report January – June 2005

Summary:
• Operating income amounted to SEK 16.4 M (16.4).
• Lending to the public amounted to SEK 27.2 billion (20.5), up 33% since June 2004.
• The market share in terms of lending for private homes and tenant-owned apartments
rose to 2.7% (2.4).
• Capital adequacy was 12.33% (10.07) and the Tier 1 ratio 9.98% (8.15).
• A capital contribution of SEK 315 M was received in the form of an
unconditional shareholders’ contribution.
• Loan losses remain at a low level. Recovered amounts exceeded losses by SEK 1.7 M (0.5).
• The number of home mortgage customers increased by 24% to 77,000 (62,000).

Figures in parentheses pertain to January – June 2004.

For further information, contact:

Anders Borgcrantz, CEO Länsförsäkringar Hypotek
+ 46 8 588 412 51
+ 46 73 964 12 51
 

Christer Baldhagen, Senior Vice President Corporate Communications
+46 8 588 415 01
+46 70 579 70 66
 


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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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Länsförsäkringar Hypotek: Interim report January – June 2005