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August 01, 2015 8:32 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, mediating residential mortgages, and insurance products to private individuals through partners, such as banks and estate agents; and housing finance to property companies and tenant-owner associations, as well as accepts deposits from companies. 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 Stockholm, Sweden.

Löjtnantsgatan 21

PO Box 27308

Stockholm,  102 54

Sweden

Founded in 1985

400 Employees

Phone:

46 7 71 45 30 00

Fax:

46 86 11 46 00

Key Executives for SBAB Bank AB (publ)

Chief Executive Officer
Age: 52
Chief Financial Officer
Acting Head of Operations
Deputy Chief Executive Officer and Chief Legal Counsel
Age: 42
Deputy Managing Director, Managing Director of SBAB Statens Bostadslåneaktiebolag, Director of SBAB Statens Bostadslåneaktiebolag, Director of SBAB Sveriges Bostadsfi nansieringsaktiebolag and Director of FriSpar Bolån AB
Compensation as of Fiscal Year 2015.

SBAB Bank AB (publ) Key Developments

SBAB Bank AB (publ) Reports Group and Parent Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

SBAB Bank AB (publ) reported group and parent earnings results for the second quarter and six months ended June 30, 2015. For the quarter, on group basis, the company reported interest income of SEK 1,314 million compared to SEK 1,909 million a year ago. Net interest income was SEK 637 million compared to SEK 514 million a year ago. Total operating income was SEK 489 million compared to SEK 701 million a year ago. Operating profit was SEK 262 million compared to SEK 502 million a year ago. Profit for the period was SEK 204 million compared to SEK 363 million a year ago. Return on equity was 7.3% compared to 14.3% a year ago. Return on equity excluding net result from financial instruments and restructuring costs was 10.6% compared to 8.4% a year ago. For the six months, on group basis, the company reported interest income of SEK 2,780 million compared to SEK 3,866 million a year ago. Net interest income was SEK 1,192 million compared to SEK 1,010 million a year ago. Total operating income was SEK 1,136 million compared to SEK 1,258 million a year ago. Operating profit was SEK 712 million compared to SEK 842 million a year ago. Profit for the period was SEK 555 million compared to SEK 629 million a year ago. Cash flow from operating activities was SEK 10,657 million compared to cash outflow from operating activities of SEK 3,981 million a year ago. Return on equity was 10.1% compared to 12.6% a year ago. Return on equity excluding net result from financial instruments and restructuring costs was 10.2% compared to 8% a year ago. For the quarter, on parent basis, the company reported interest income of SEK 392 million compared to SEK 790 million a year ago. Net interest income was SEK 76 million compared to SEK 102 million a year ago. Total operating income was SEK 126 million compared to SEK 387 million a year ago. Operating loss was SEK 99 million compared to operating profit of SEK 169 million a year ago. Loss for the period was SEK 78 million compared to profit for the period of SEK 97 million a year ago. For the quarter, on group basis, the company reported interest income of SEK 815 million compared to SEK 1,553 million a year ago. Net interest income was SEK 99 million compared to SEK 162 million a year ago. Total operating income was SEK 366 million compared to SEK 701 million a year ago. Operating loss was SEK 55 million compared to operating profit of SEK 251 million a year ago. Loss for the period was SEK 44 million compared to profit for the period of SEK 165 million a year ago.

SBAB Bank AB (publ) Reports Earnings Results for the First Quarter Ended Mar. 31, 2015

SBAB Bank AB (publ) reported earnings results for the first quarter ended Mar. 31, 2015. For the quarter, the group reported operating profit increased to SEK 450 million compared with SEK 441 million for the fourth quarter of 2014. Operating profit excluding net income/expense from financial instruments and restructuring costs was SEK 336 million compared with SEK 318 million for the fourth quarter of 2014. Net interest income increased to SEK 555 million compared with SEK 549 million for the fourth quarter of 2014. Return on equity was 12.5% compared with 12.8% for the fourth quarter of 2014. Return on equity excluding net income/expense from financial instruments and restructuring costs was 9.4% compared with 9.3% for the fourth quarter of 2014.

SBAB Bank AB (publ) Proposes Dividend for 2014

The Board of Directors of SBAB Bank AB (publ) proposed a dividend in 2014 in accordance with the dividend policy, which means that SEK 502 million (SEK 25,634 per share) will be distributed to the owner.

Similar Private Companies By Industry

Company Name Region
Landshypotek Bank AB (publ) Europe
FriSpar Bolån AB Europe
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Handelsbanken Finans AB Europe
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