January 26, 2015 2:31 PM ET

Banks

Company Overview of SBAB Bank AB (publ)

Company Overview

SBAB Bank AB (publ) provides various banking products and services primarily in Sweden. The company offers lending, savings, and payment products. The company offers savings accounts and mutual funds to private individuals, as well as savings accounts to corporate clients and tenant-owner associations. It also provides lending products, including residential mortgages and personal loans to private individuals, and property loans to property companies and tenant-owner associations. In addition, the company offers payments products, such as simple payment and card solutions for private individuals. SBAB Bank AB (publ) was founded in 1985 and is headquartered in Stockholm, Sweden.

Löjtnantsgatan 21

Stockholm,  

Sweden

Founded in 1985

480 Employees

Phone:

46 7 71 45 30 00

Fax:

46 8 611 46 00

Key Executives for SBAB Bank AB (publ)

Chief Executive Officer
Age: 51
Chief Financial Officer
Acting Head of Operations
Deputy Chief Executive Officer and Chief Legal Counsel
Age: 41
Deputy Managing Director
Compensation as of Fiscal Year 2014.

SBAB Bank AB (publ) Key Developments

Government Not To Sell Off SBAB

Contrary to the previous Swedish Government, the new Government is not planning to sell off SBAB Bank AB (publ). Minister for Financial Markets Peter Bolund (Green party) says SBAB's main purpose is to contribute to competition on the Swedish banking market. SBAB should operate on a commercial basis, he says, adding that the fact that there is a bank with other objectives than the dominating large banks is of great value.

SBAB Reports Group and Parent Earnings Results for the Second Quarter and Six Months Ended September 30, 2014

SBAB reported group and parent earnings results for the second quarter and six months ended September 30, 2014. For the quarter, the group reported interest income was SEK 1,791 million against SEK 2,039 million a year ago. Net interest income was SEK 552 million against SEK 480 million a year ago. Total operating income was SEK 708 million against SEK 406 million a year ago. Operating profit was SEK 361 million against SEK 246 million a year ago. Profit for the period was SEK 283 million against SEK 193 million a year ago. Return on equity was 10.9% against 14.3% a year ago, and 10.7% against 8.4% a year ago excluding net result from financial instruments and restructuring costs. Excluding net result from financial instruments, the operating profit amounted to SEK 178 million against SEK 273 million a year ago. Operating profit excluding restructuring costs amounted to SEK 536 million against SEK 502 amry Excluding net result from financial instruments and restructuring costs, profit amounted to SEK 353 million against SEK 273 million a year ago. The profit trend was primarily impacted by higher net interest income, unrealised changes in the market value of the liquidity portfolio and hedge accounting effects. For the six months, the group reported Interest income was SEK 5,657 million against SEK 6,148 million a year ago. Net interest income was SEK 1,562 million against SEK 1,520 million a year ago. Total operating income was SEK 1,966 million against SEK 1,357 million a year ago. Profit before loan losses was SEK 1,181 million against SEK 794 million a year ago. Operating profit was SEK 1,203 million against SEK 830 million a year ago. Profit for the period was SEK 912 million against SEK 675 million a year ago. Cash flow from operating activities was SEK 93 million against SEK 2,818 million a year ago. Return on equity was 12.0% against 9.9% a year ago a year ago, and 8.9% against 11.0% a year ago excluding net result from financial instruments and restructuring costs. For the quarter, the parent company reported interest income was SEK 689 million against SEK 818 million a year ago. Net interest income was SEK 115 million against SEK 76 million a year ago. Total operating income was SEK 371 million against SEK 214 million a year ago. Profit before loan losses was SEK 151 million against SEK 27 million a year ago. Operating profit was SEK 145 million against SEK 26 million a year ago. Profit for the period was SEK 114 million against SEK 21 million a year ago. For the six months, the parent company reported interest income was SEK 2,242 million against SEK 2,414 million a year ago. Net interest income was SEK 277 million against SEK 236 million a year ago. Total operating income was SEK 1,072 million against SEK 753 million a year ago. Profit before loan losses was SEK 392 million against SEK 118 million a year ago. Operating profit was SEK 396 million against SEK 124 million a year ago. Profit for the period was SEK 279 million against SEK 136 million a year ago.

SBAB Bank AB Announces Earnings Results for the Second Quarter and Six Months of Ended June 30, 2014

SBAB Bank AB announced earnings results for the second quarter and six months of ended June 30, 2014. For the quarter, the company reported that operating profit totaled of SEK 502 million, profit, excluding net result from financial instruments, amounted to SEK 273 million, net interest income amounted to SEK 514 million, return on equity of 14.3% and return on equity excluding net result from financial instruments of 8.4%. For the six months, the company reported that operating profit totaled of SEK 842 million against SEK 584 million a year ago. Profit, excluding net result from financial instruments, amounted to SEK 531 million against SEK 620 million a year ago. Net interest income amounted to SEK 1,010 million against SEK 1,040 million a year ago. Return on equity was 12.6% against 10.7% a year ago. Return on equity excluding net result from financial instruments of 8.4% against 10.7% a year ago.

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