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Pressrelease | 2020-07-17

The Swedish Covered Bond Corporation (SCBC) Interim Report January–June 2020

The Swedish Covered Bond Corporation (“SCBC”) (in Swedish: AB Sveriges Säkerställda Obligationer (publ)) Interim Report January–June 2020 is now available for download on sbab.se/IR.

January–June 2020 (January–June 2019)

  • Operating profit amounted to SEK 821 million (905)
  • Net interest income totalled SEK 1,501 million (1,439)
  • Expenses amounted to SEK 553 million (513)
  • Credit losses totalled SEK 18 million (6)
  • The Common Equity Tier 1 (CET1) capital ratio amounted to 16.7% (17.0)
  • All funding programmes continue to have the highest credit ratings from Moody’s
  • Considerable market turbulence and increased uncertainty regarding socio-economic development as a result of the coronavirus (Covid-19)

For further information, please contact:

Erik Wennergren, Head of Press, SBAB
Telephone: +46724 51 79 37
E-mail: erik.wennergren@sbab.se