-  Operating profit amounted to SEK 3 179 m (3 631)

-  Net interest income decreased by SEK 339m to SEK 4 069m

-  Covered bonds amounting to SEK 234bn have been issued during the year
 

The Swedbank Mortgage Group (in Swedish: Swedbank Hypotek) comprises the parent company, Swedbank Mortgage AB (publ) and the wholly owned subsidiary Swedbank Skog och Lantbruk AB (inactive company). Swedbank Mortgage is wholly owned by Swedbank AB (publ).

Swedbank Mortgage provides long-term financing for residential housing, commercial properties, municipal investments and agricultural and forestry properties.

Numbers within parenthesis refer to the corresponding period from the previous year unless noted otherwise.

Profit analysis

Operating profit amounted to SEK 3 179m (3 631). Net interest income was reduced by SEK 339m to SEK 4 069m (4 408). The dominating reason for the lower net interest income was a lower average margin during 2010 compared to the previous year despite...