The Swedish Covered Bond Corporation (SCBC) Year-end Report 2016 has been published on www.sbab.se/ir.

January–December 2016 (January–December 2015)

·       Operating profit increased to SEK 1,563 million (1,543), and to SEK 1,742 million (1,559) excluding the net result of financial transactions.

·       Net interest income rose to SEK 2,503 million (2,280).

·       Expenses amounted to SEK 720 million (627).

·       Net loan losses totalled SEK 9 million (recoveries: 12).

·       The return on equity was 8.2% (8.9).

·       The Common Equity Tier 1 (CET1) capital ratio was 82.4% (86.1).

·       All funding programmes continue to have the highest credit ratings from Moody’s.

July–December 2016 (July–December 2015)

·       Operating profit increased to SEK 721 million (820), and to SEK 840 million (837) excluding the net result of financial transactions.

·       Net interest income grew to SEK 1,241 million (1,187).

·       Expenses amounted to SEK 376 million (308).

·       Net loan losses totalled SEK 10 million (recoveries: 11).

·       The return on equity was 7.2% (9.3).

·       The CET1 capital ratio was 82.4% (86.1).

For more information, please contact:

Mikael Inglander, CFO SBAB
Telephone: +46 8-614 43 28, email: mikael.inglander@sbab.se