REG - Swedbank Mort AB - Swedbank Mortgage year-end report 2018 published

Swedbank ABAnnouncement

29/01/2019 09:05

RNS Number : 3755O
Swedbank Mortgage AB
29 January 2019
 


 
Press Release
 
29 January, 2019
 
Swedbank Mortgage year-end report 2018 published
                                                              
Swedbank Mortgage year-end report for 2018 has been published at www.swedbank.com/ir.
 
Swedbank Mortgage AB (publ) is a wholly owned subsidiary to Swedbank AB (publ). The mortgage lending is originated through Swedbank's and the Swedish savings banks retail network, one of the largest bank-owned retail networks in Sweden, as well as through the telephone services and Internet Bank. No lending with collateral outside of Sweden is performed.
 
·    Operating profit in the second half of 2018 amounted to SEK 6 243m (6 546)
·    Net interest income decreased by SEK 94m to SEK 6 618m (6 712)
·    Lending to the public increased by 1.7 per cent or SEK 17bn to SEK 1 009bn (992)
·    Profit before impairments decreased by SEK 362m to SEK 6 275m (6 637)
·    Credit impairments, net, according to IFRS 9, amounted to SEK 32m (91)
·    Return on equity was 22.1 per cent (21.9)
·    Covered bonds totalling SEK 22bn (66) were issued during the period
 
Swedbank Mortgage AB (publ) is required to disclose this information pursuant to the Swedish Securities Markets Act (2007:528). This information was sent to be published on 29 January, 2019 at 09:00 CET.
 
http://www.rns-pdf.londonstockexchange.com/rns/3755O_1-2019-1-29.pdf




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