July 23, 2017 8:15 AM ET

Thrifts and Mortgage Finance

Company Overview of SBAB Bank AB (publ)

Company Overview

SBAB Bank AB (publ), together with its subsidiaries, provides various banking products and services in Sweden. The company offers savings and investment accounts; mortgages for single-family dwellings, tenant-owned apartments, and holiday homes; down-payment loans; personal and provisional loans; consumer loans; corporate loans for tenant-owner associations, and large and mid-sized property companies; and mortgage, life, home, and home owners insurance services. It also serves individuals, property owners, and construction companies. The company distributes its services and products through Internet and telephone channels; and through five offices, including an office in Karlstad, Gothenburg...

Svetsarvägen 24

Box 4209

Solna,  171 04

Sweden

Founded in 1985

504 Employees

Phone:

46 7 71 45 30 00

Fax:

46 86 14 38 60

Key Executives for SBAB Bank AB (publ)

Chief Executive Officer
Age: 54
Chief Financial Officer
Age: 54
Chief Operating Officer
Age: 44
Head of Human Resources and HR Manager
Age: 52
Chief Risk Officer
Age: 43
Compensation as of Fiscal Year 2017.

SBAB Bank AB (publ) Key Developments

Sbab Bank AB (Publ) Reports Group and Parent Financial Results for the Second Quarter and Six Months Ended June 2017

SBAB Bank AB (publ) reported group and parent financial results for the second quarter and six months ended June 2017. For the quarter, the company reported Net interest income of SEK 777 million against SEK 692 million a year ago. Total operating income was SEK 784 million against SEK 713 million a year ago. Profit before loan losses was SEK 540 million against SEK 489 million a year ago. Operating profit was SEK 539 million against SEK 490 million a year ago. Net profit for the period was SEK 414 million against SEK 382 million a year ago. Return on equity was 12.4%, and 11.8% a year ago. For the six months, reported Net interest income of SEK 1,556 million against SEK 1,322 million a year ago. Total operating income was SEK 1,559 million against SEK 1,365 million a year ago. Profit before loan losses was SEK 1,083 million against SEK 929 million a year ago. Operating profit was SEK 1,088 million against SEK 929 million a year ago. Net profit for the period was SEK 835 million against SEK 724 million a year ago. Return on equity was 12.7%, and 11.6% a year ago. For the quarter, the parent company reported interest income of SEK 303 million against SEK 298 million for the same period of last year. Net interest income was SEK 55 million against SEK 48 million for the same period of last year. Total operating income was SEK 237 million against SEK 287 million for the same period of last year. Loss before loan losses was SEK 9 million against profit before loan losses of SEK 67 million a year ago. Operating loss was SEK 13 million against profit of SEK 68 million for the same period of last year. Loss for the period was SEK 17 million against profit of SEK 53 million for the same period of last year. For the year, the parent company reported interest income of SEK 611 million against SEK 597 million for the same period of last year. Net interest income was SEK 125 million against SEK 59 million for the same period of last year. Total operating income was SEK 502 million against SEK 469 million for the same period of last year. Profit before loan losses was SEK 21 million against SEK 35 million a year ago. Operating profit was SEK 16 million against SEK 35 million for the same period of last year. Loss for the period was SEK 1 million against profit of SEK 117 million for the same period of last year.

SBAB Bank AB (Publ) Proposes Cash Dividend for the Year of 2016

SBAB Bank AB (publ) proposed cash dividend of 40%, corresponding to SEK 628 million for 2016 at Annual General Meeting held on April 24, 2017.

SBAB Bank AB (publ) Reports Group and Parent Company Earnings Results for the First Quarter Ended March 2017

SBAB Bank AB (publ) reported group and parent company earnings results for the first quarter ended March 2017. For the first quarter, the group reported net interest income of SEK 779 million, operating profit of SEK 549 million, return on equity of 12.6% compared to net interest income of SEK 630 million, operating profit of SEK 439 million, return on equity of 11.2% for the same period a year ago. Profit before loan losses was SEK 543 million against SEK 440 million a year ago. Net profit was SEK 421 million against SEK 342 million a year ago. The increase in operating profit was primarily attributable to higher net interest income. Cash flow from operating activities was SEK 8,741 million against SEK 7,874 million a year ago. For the first quarter, the parent company reported net interest income of SEK 70 million against SEK 11 million a year ago. Profit before loan losses was SEK 30 million against loss of SEK 32 million a year ago. Operating profit was SEK 29 million against loss of SEK 33 million a year ago. Net profit was SEK 16 million against loss of SEK 26 million a year ago.

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Recent Private Companies Transactions

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

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