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May 30, 2015 1:28 PM ET

Diversified Financial Services

Company Overview of Wasa Kredit AB

Company Overview

Wasa Kredit AB offers financing leasing services for cars, computers, and appliances. The company also provides hire purchase and personal loans. The company is based in Stockholm, Sweden. As of May 20, 1998, Wasa Kredit AB operates as a subsidiary of Länsförsäkringar Bank AB (publ).

Sankt Eriksgatan 115

Stockholm,  113 43

Sweden

Phone:

46 86 35 38 00

Fax:

46 86 76 02 75

Key Executives for Wasa Kredit AB

President and Chief Executive Officer
Age: 45
Compensation as of Fiscal Year 2014.

Wasa Kredit AB Key Developments

Wasa Kredit AB Announces Earnings Results for the Six Months Ended June 2014

Wasa Kredit AB announced earnings results for the six months ended June 2014. For the period, net interest income was SEK 300 million and operating profit was SEK 133 million against net interest income of SEK 286 million and operating profit of SEK 129 million for the same period a year ago. Operating profit in creased 3% due to higher lending volumes.

Wasa Kredit Reports Earnings Results for the Nine Months Ended September 30, 2013

Wasa Kredit reported earnings results for the nine months ended September 30, 2013. Operating profit rose 55% to SEK 203 million against SEK 131 million a year ago, largely a result of increased net interest income and lower loan losses. Net interest income increased 12% to SEK 433 million against 385 million a year ago, due to higher margins and growth in hire purchase and unsecured loans.

Wasa Kredit Reports Earnings Results for Six Months Ended June 30, 2013

Wasa Kredit reported earnings results for six months ended June 30, 2013. For the period, the company’s operating profit was SEK 129 million against SEK 80 million a year ago. Net interest income was SEK 286 million against SEK 249 million a year ago. The increase in operating profit was due to higher net interest income. The increase in net interest income was due to higher margins.

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