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Pressrelease | 2011-02-04

SBAB's net interest income rose 16% to SEK 1,762 million

The high growth in lending during the year contributed to a 16% increase in SBAB's net interest income compared with the preceding year, while expenses rose 5%.

The loan loss rate remained very low at 0.02% (0.06). SBAB's operating profit declined compared with the preceding year to SEK 785 million (1,289) due to the net result of financial instruments measured at fair value declining to a negative SEK 289 million (positive: 495).

SBAB's CEO Eva Cederbalk comments on the results:
"SBAB´s operations performed well with a continued positive trend in net interest income
combined with low costs and low loan losses."