May 21, 2018 8:10 AM ET

Thrifts and Mortgage Finance

Company Overview of Stadshypotek AB (publ)

Company Overview

Stadshypotek AB (publ) engages in mortgage lending business in Sweden, Norway, Denmark, and Finland. It offers mortgages for single-family or two-family houses, second homes, housing co-operative apartments, owner-occupied apartments, and residential farms; and multi-family dwellings, family farms, commercial and office buildings, and state and municipal loans. The company is based in Stockholm, Sweden. Stadshypotek AB (publ) is a subsidiary of Svenska Handelsbanken AB (publ).

Torsgatan 12

Stockholm,  103 70

Sweden

Phone:

46 87 01 54 00

Fax:

46 87 01 55 40

Key Executives for Stadshypotek AB (publ)

Chief Executive
Age: 46
Head of Finance
Head of Systems Development
Head of Credit
Head of Business Development & Market
Compensation as of Fiscal Year 2017.

Stadshypotek AB (publ) Key Developments

Stadshypotek AB (publ) Announces Consolidated Earnings Results for the Second Half and Year Ended December 31, 2017

Stadshypotek AB (publ) announced consolidated earnings results for the second half and year ended December 31, 2017. For the second half, the company's net interest income was SEK 6,980 million compared with SEK 6,328 million a year ago. Total income was SEK 7,003 million compared with SEK 6,352 million a year ago. Operating profit was SEK 6,432 million compared with SEK 5,816 million a year ago. Profit for the period was SEK 5,037 million or SEK 31.086 per diluted share compared with SEK 4,528 million or SEK 27.951 per diluted share a year ago. Return on equity was 27.1% compared with 25.2% a year ago. For the year, the company's net interest income was SEK 13,357 million compared with SEK 12,362 million a year ago. Total income was SEK 13,373 million compared with SEK 12,415 million a year ago. Operating profit was SEK 12,249 million compared with SEK 11,366 million a year ago. Profit for the period was SEK 9,543 million or SEK 58.905 per diluted share compared with SEK 8,857 million or SEK 54.674 per diluted share a year ago. Cash flow from operating activities was SEK 10,841 million compared with SEK 9,542 million a year ago. Return on equity was 25.2% compared with 24.4% a year ago.

Stadshypotek AB (publ) Announces Management Changes, Effective 15 February 2018

Stadshypotek AB (publ) announced that Ulrica Stolt Kirkegaard has been appointed at Group level to be responsible for preparing and managing Handelsbanken's activities relating to Brexit. Since 2014 she has been Chief Executive of Stadshypotek AB, and will therefore be leaving this position on 15 February 2018. Maria Lidström Andersson will succeed Ulrica Stolt Kirkegaard as Chief Executive of Stadshypotek AB on 15 February 2018. Maria Lidström Andersson is currently Chief Executive of Handelsbanken Finans AB.

Stadshypotek AB (Publ) Reports Results for the Half Year Ended June 30, 2017

Stadshypotek AB (publ) reported results for the half year ended June 30, 2017. For the period, the group reported interest income of SEK 10,084 million compared to SEK 10,142 million a year ago. Net interest income of SEK 6,377 million compared to SEK 6,034 million a year ago. Total income of SEK 6,370 million compared to SEK 6,063 million a year ago. Profit before loan losses of SEK 5,815 million compared to SEK 5,545 million a year ago. Operating profit of SEK 5,817 million compared to SEK 5,550 million a year ago. Profit for the period was SEK 4,507 million or SEK 27.820 per share before and after dilution compared to SEK 4,329 million or SEK 26.720 per share before and after dilution a year ago. Cash flow from operating activities of SEK 9,316 million compared to SEK 5,190 million for the last year. Return on equity was 24.0% compared to 24.2% a year ago.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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