January 18, 2017 2:38 PM ET

Thrifts and Mortgage Finance

Company Overview of SBAB Bank AB (publ)

Company Overview

SBAB Bank AB (publ) provides various banking products and services primarily in Sweden. It offers deposits, consumer loans, residential mortgages, and insurance products to private individuals through partners, such as banks and estate agents; and savings and housing financing to property companies and tenant-owner associations. The company primarily distributes its services and products through the Internet and telephone, as well as through offices in Stockholm, Gothenburg, and Malmö. SBAB Bank AB (publ) was founded in 1985 and is headquartered in Solna, Sweden.

Box 4209

Solna,  171 04

Sweden

Founded in 1985

450 Employees

Phone:

46 7 71 45 30 00

Fax:

46 86 11 38 60

Key Executives for SBAB Bank AB (publ)

Chief Executive Officer
Age: 53
Chief Financial Officer
Age: 53
Chief Operating Officer and Chief Legal Counsel
Age: 43
Head of Communications & Business Development and Chief Retail Market Officer
Age: 40
Chief Risk Officer
Age: 42
Compensation as of Fiscal Year 2016.

SBAB Bank AB (publ) Key Developments

SBAB Bank Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

SBAB Bank announced earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company's operating profit increased to SEK 534 million, and to SEK 517 million excluding the net result of financial items. Net interest income grew to SEK 745 million. Return on equity was 12.3%, and 12.0% excluding the net result of financial items. For the nine months, the company's operating profit increased to SEK 1,463 million, and to SEK 1,423 million excluding the net result of financial items and restructuring costs. Net interest income grew to SEK 2,067 million. Return on equity was 11.9%, and 11.6% excluding the net result of financial items and restructuring costs.

SBAB Bank AB (publ) Reports Group and Parent Earnings Results for the Second Quarter and Six Months Ended June 2016

SBAB Bank AB (publ) reported group and parent earnings results for the second quarter and six months ended June 2016. For the quarter, on group basis, the company’s operating profit increased to SEK 490 million against SEK 262 million a year ago. Operating profit excluding net income/expense from financial instruments and restructuring costs was SEK 486 million against SEK 384 million a year ago. Net interest income amounted to SEK 692 million against SEK 630 million a year ago. Return on equity was 11.8% against 7.3% a year ago. Return on equity excluding net income/expense from financial instruments and restructuring costs was 11.7% against 10.6% a year ago. Total operating income was SEK 713 million against SEK 489 million a year ago. Profit for the period was SEK 382 million against SEK 204 million a year ago. Profit before loan losses was SEK 489 million against SEK 285 million a year ago. For the six months, on group basis, the company reported operating profit totaled of SEK 929 million against SEK 712 million a year ago. Operating profit excluding net income/expense from financial instruments and restructuring costs was SEK 906 million against SEK 720 million a year ago. Return on equity was 11.6% against 10.1% a year ago. Return on equity excluding net income/expense from financial instruments and restructuring costs was 11.3% against 10.2% a year ago. The increase in operating profit and operating income are chiefly attributable to the increase in net interest income. Net interest income rose to SEK 1,322 million against SEK 1,192 million a year ago, driven by a sharp increase in volume and improved lending margins, primarily within the Retail business area. Total operating income was SEK 1,365 million against SEK 1,136 million a year ago. Profit before loan losses was SEK 929 million against SEK 738 million a year ago. Operating profit was SEK 929 million against SEK 712 a year ago. Profit for the period was SEK 724 million against SEK 555 million a year ago. Cash flow from operating activities was SEK 5,779 million against SEK 10,657 million a year ago. For the quarter, on parent basis, the company reported net interest income was SEK 48 million against SEK 76 million a year ago. Total operating income was SEK 287 million against SEK 126 million a year ago. Profit before loan losses was SEK 67 million against loss before loan losses of SEK 78 million a year ago. Operating profit was SEK 68 million against operating loss of SEK 99 million a year ago. Profit for the period was SEK 53 million against loss of SEK 78 million a year ago. For the six months, on parent basis, the company reported net interest income was SEK 59 million against SEK 99 million a year ago. Total operating income was SEK 469 million against SEK 366 million a year ago. Profit before loan losses was SEK 35 million against loss before loan losses of SEK 28 million a year ago. Operating profit was SEK 35 million against operating loss of SEK 55 million a year ago. Profit for the period was SEK 27 million against loss of SEK 44 million a year ago.

SBAB Bank AB (publ) Reports Consolidated and Parent Earnings Results for the First Quarter Ended March 31, 2016

SBAB Bank AB (publ) reported consolidated and parent earnings results for the first quarter ended March 31, 2016. For the quarter, on consolidated basis, net interest income of SEK 630 million against SEK 555 million a year ago. Total operating income was SEK 652 million against SEK 647 million a year ago. Profit before loan losses was SEK 440 million against SEK 453 million a year ago. Operating profit was SEK 439 million against SEK 450 million a year ago. Profit for the period was SEK 342 million against SEK 351 million a year ago. Return on equity was 11.2% against 12.5% a year ago. Cash flow from operating activities was SEK 6,519 million against SEK 2,588 million a year ago. Return on equity excl. NFI and restructuring costs was 10.7% against 9.4% a year ago. For the year, on parent basis, net interest income of SEK 11 million against SEK 23 million a year ago. Total operating income was SEK 182 million against SEK 240 million a year ago. Loss before loan losses was SEK 32 million against profit before loan losses of SEK 50 million a year ago. Operating loss was SEK 33 million against operating profit of SEK 44 million a year ago. Loss for the period was SEK 26 million against profit for the period of SEK 34 million a year ago.

Similar Private Companies By Industry

Company Name Region
Apikal Fastighetspartner AB (publ) Europe
Danske Hypotek AB Europe
Handelsbanken Hypotek AB Europe
Landshypotek, Ekonomisk Foren Europe
Savy Scandinavia AB Europe

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact SBAB Bank AB (publ), please visit www.sbab.se. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.