Healthy lending growth in the autumn strengthens earnings for the year Landshypotek posted extremely strong growth in the market during the autumn and increased volumes for lending to agricultural companies as well as for mortgages. The bank s total lending volume increased to SEK 83 billion as shown in the year-end report for January - December 2020.
In the autumn, growth in Landshypotek s lending to farming and forestry was better than it has been for many years and, moreover, mortgage volumes have posted record growth. The operating profit excluding the net result of financial transactions amounted to SEK 414 million (420).
Through healthy growth in the market during uncertain times for customers, we have demonstrated our strength during this unusual year. Following a cautious start to the year, our lending grew vigorously through the autumn. This shows our capacity and potential within lending for farming and housing, says Per Lindblad, CEO