· The operating profit amounted to SEK 3 773m (3 179)

· Swedbank Mortgage reported credit impairments of SEK 56 m (168)

· Covered bonds amounting to SEK 233bn have been issued during the period
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 773m (3 179) and net interest income to SEK 4 147m (4 069).

The net interest income rose marginally during the year. Both interest income and interest expense increased as a result of rising short-term market rates...