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June 03, 2015 8:46 AM ET

Thrifts and Mortgage Finance

Company Overview of Swedbank Hypotek AB (publ)

Company Overview

Swedbank Hypotek AB (publ) engages in mortgage lending activities in Sweden. The company operates in three segments: Private, Corporate, and Forestry and Agriculture. It finances properties and individual condominiums; and lends directly to municipalities or other borrowers with municipal guarantees as collateral, as well as to the agricultural and forestry sector. The company is based in Stockholm, Sweden. Swedbank Hypotek AB (publ) is a subsidiary of Swedbank AB (publ).

Brunkebergstorg 8

Stockholm,  106 11

Sweden

5 Employees

Phone:

46 8 58 59 00 00

Fax:

46 8 58 59 26 09

Key Executives for Swedbank Hypotek AB (publ)

President and Director
Age: 49
Chairman of the Board and Head of Group Lending
Age: 48
Chief Financial Officer
Chief Executive Officer of Föreningssparbanken AB and President of Föreningssparbanken AB
Age: 65
Chief Executive Officer of Swedbank and President of Swedbank
Age: 51
Compensation as of Fiscal Year 2014.

Swedbank Hypotek AB (publ) Key Developments

Swedbank Mortgage AB Announces Earnings Results for the Six Months and Full Year Ended December 2014

Swedbank Mortgage AB announced earnings results for the six months and full year ended December 2014. For the six months, the company reported interest income of SEK 11,321 million against SEK 12,505 million a year ago. Net interest income was SEK 4,721 million against SEK 3,766 million a year ago. Operating profit was SEK 3,985 million against SEK 3,167 million a year ago. Profit for the period was SEK 3,106 million against SEK 2,469 million a year ago. For the full year, the company reported interest income of SEK 23,382 million against SEK 25,464 million a year ago. Net interest income was SEK 8,584 million against SEK 7,280 million a year ago. Operating profit was SEK 7,345 million against SEK 6,191 million a year ago. Profit for the period was SEK 5,727 million against SEK 4,827 million a year ago. Cash flow from operating activities was SEK 9,102 million against SEK 31,746 million a year ago. Return on equity was 16.9% against 13.0% a year ago. Earnings per share were SEK 249 against SEK 209.9 million a year ago.

Swedbank Mortgage AB Announces Consolidated and Parent Earnings Results for the Six Months Ended June 30, 2014

Swedbank Mortgage AB announced consolidated and parent earnings results for the six months ended June 30, 2014. For the period, on the consolidated basis, the company reported interest income of SEK 12,061 million against SEK 12,959 million a year ago. Net interest income was SEK 3,863 million against SEK 3,515 million a year ago. Operating profit was SEK 3,360 million against SEK 3,025 million a year ago. Profit for the period was SEK 2,621 million against SEK 2,360 million a year ago. Cash flow from operating activities was SEK 24,798 million against cash flow used in operating activities of SEK 13,047 million a year ago. Return on equity was 15.5% against 13.0% a year ago. Earnings per share were SEK 113.9 against SEK 209.9 million a year ago. The increase in net interest income is due to an increase in lending volume and to improved margins due to the company's good position in the funding market, there repurchases of bonds originally issued at a higher interest rate, which were replaced by new issues at lower interest rate level.

Swedbank Hypotek AB Prices EUR 1.0 Billion Bond

On May 14, 2014, Swedbank Hypotek AB priced a EUR 1.0 billion bond. The notes, which are due May 21, 2021, carry a coupon of 1.125%. The issue and reoffer prices were both set at 99.287. The notes yield 1.232%. Danske Bank, Natixis, Royal Bank of Scotland, Swedbank and UniCredit were the lead managers for the issuance.

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To contact Swedbank Hypotek AB (publ), please visit hypotek.swedbank.se. Company data is provided by Capital IQ. Please use this form to report any data issues.

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