SBAB's operating profit for the first quarter of 2010 rose 7%, compared with the corresponding period of the preceding year, to SEK 172 million (161). SBAB's total lending increased to SEK 234.4 billion (226.0). SBAB's total market share in the lending segment continued to rise to 9.7% (9.5). The loan loss rate remained very low and corresponded to 0.01% (0.01).
"We got off to a favourable start to the year with high business volume, continued low loan losses and significantly higher net interest income," says Eva Cederbalk, CEO of SBAB.