Länsförsäkringar Bank Annual Report the 2016 Fiscal Year
Länsförsäkringar Bank Annual Report The 2016 fiscal year Significant events Business volumes in SEK billion • Operating profit increased 25% to SEK 1,467 (1,175) and the return on equity strengthened to 10.1% (8.9). • Net interest income increased 15% to SEK 3,455 M (2,994). • Loan losses amounted to SEK 37.6 M (6.1)1, net, corresponding to a loan loss level of 0.02% (0.00). Primary bank customers who are also insurance customers • Business volumes increased 13% to SEK 455.1 billion (404.3). • Deposits increased 9% to SEK 91.2 billion (83.9). • Lending increased 12% to SEK 226.7 billion (202.0). • The Common Equity Tier 1 capital ratio for the consolidated situation amounted to 21.2% on 31 December 2016. Number of customers with the bank as their primary bank • The number of customers with Länsförsäkringar as their primary bank rose 11% to 419,000 (378,000), and the number of bank cards increased 11% to 517,000 (466,000). 1 Includes the dissolution of reserves of SEK 23.3 M (60.0). Business volumes and net interest income Primary customers and market shares SEK billion SEK M Total business volumes Customers, thousands % The number of customers 500 3,500 have increased an aver- 500 10 has risen an average age of 12% per year over of 10% per year over the past five years. Net the past five years. The 400 3,000 interest income has risen 400 8 market position was con- an average of 16%. tinuously strengthened. 300 2,500 300 6 Mutual funds 200 2,000 Deposits 200 4 Customers, thousands Mortgages Market share of 100 1,500 Agricultural loans 100
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