April 20, 2018 9:16 AM ET

Banks

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

513 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
COO & Head of Private Credit
Age: 42
Chief Risk Officer
Age: 43
Head of Corporate Clients & Tenant-Owner Associations
Age: 57
Compensation as of Fiscal Year 2017.

SBAB Bank AB (publ) Key Developments

SBAB Bank AB (publ) Proposes Dividend for 2017

SBAB Bank AB (publ) announced that it has proposed a dividend of 40%, corresponding to SEK 684 million, for 2017.

SBAB Bank AB (Publ) Reports Group and Parent Financial Results for the Fourth Quarter and Full Year Ended Dec. 31, 2017

SBAB Bank AB (publ) reported group and parent financial results for the fourth quarter and full year ended Dec. 31, 2017. For the quarter, the group's operating profit increased to SEK 603 million against SEK 548 million for the same period of last year. The increase is primarily due to a higher net result of financial items measured at fair value, somewhat higher net interest income, and positive effects from loan losses. Net interest income rose to SEK 801 million against SEK 762 million for the same period of last year. Return on equity was 13.3% against 12.5% for the same period last year. Total operating income was SEK 842 million against SEK 785 million for the same period of last year. Net profit for the period was SEK 462 million against SEK 429 million for the same period of last year. For the year, the group's operating profit increased to SEK 2,228 million against SEK 2,011 million for the same period last year. The increase in operating profit was primarily attributable to higher net interest income. Net interest income rose to SEK 3,149 million against SEK 2,829 million for the same period of last year. Net interest income rose as a result of increased lending volumes and lower funding costs. Return on equity was 12.5% against 12.3% for the same period last year. Total operating income was SEK 3,163 million against SEK 2,918 million for the same period of last year. Net profit for the period was SEK 1,709 million against SEK 1,570 million for the same period of last year. Cash flow from operating activities was SEK 1,930 million against cash flow used in operating activities of SEK 1,248 million a year ago. Change in property, plant and equipment was SEK 4 million. Change in intangible assets was SEK 50 million against SEK 30 million a year ago. For the quarter, the parent company reported net interest income was SEK 90 million against SEK 142 million for the same period of last year. Total operating income was SEK 351 million against SEK 437 million for the same period of last year. Operating profit was SEK 108 million against SEK 208 million for the same period of last year. Profit for the period was SEK 77 million against SEK 163 million for the same period of last year. For the year, the parent company reported net interest income was SEK 294 million against SEK 326 million for the same period of last year. Total operating income was SEK 1,103 million against SEK 1,236 million for the same period of last year. Operating profit was SEK 153 million against SEK 355 million for the same period of last year. Profit for the period was SEK 91 million against SEK 277 million for the same period of last year.

SBAB Bank AB (Publ) Reports Group and Parent Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017

SBAB Bank AB (publ) reported group and parent earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, on group basis, the company reported interest income of SEK 1,154 million against SEK 1,172 million a year ago. Net interest income was SEK 792 million against SEK 745 million a year ago. Total operating income was SEK 762 million against SEK 768 million a year ago. Operating profit was SEK 537 million against SEK 534 million a year ago. Net profit for the period was SEK 412 million against SEK 417 million a year ago. Return on equity was 12.2% against 12.4% a year ago. For the nine months, on group basis, the company reported interest income of SEK 3,397 million against SEK 3,522 million a year ago. Net interest income was SEK 2,348 million against SEK 2,067 million a year ago. Total operating income was SEK 2,321 million against SEK 2,133 million a year ago. Operating profit was SEK 1,625 million against SEK 1,463 million a year ago. Net profit for the period was SEK 1,247 million against SEK 1,141 million a year ago. Cash flow from operating activities was SEK 7,953 million against SEK 4,532 million a year ago. Return on equity was 12.4% against 11.9% a year ago. For the quarter, on parent basis, the company reported interest income of SEK 342 million against SEK 346 million a year ago. Net interest income was SEK 79 million against SEK 125 million a year ago. Total operating income was SEK 250 million against SEK 330 million a year ago. Operating profit was SEK 29 million against SEK 112 million a year ago. Net profit for the period was SEK 15 million against SEK 87 million a year ago. For the nine months, on parent basis, the company reported interest income of SEK 953 million against SEK 943 million a year ago. Net interest income was SEK 204 million against SEK 184 million a year ago. Total operating income was SEK 752 million against SEK 799 million a year ago. Operating profit was SEK 45 million against SEK 147 million a year ago. Net profit for the period was SEK 14 million against SEK 114 million a year ago.

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