”Länsförsäkringar Bank continued to deliver a positive performance in the first half of the year. Despite low credit growth in Sweden, we are now seeing signs of increased activity in the mortgage market with growth picking up faster than last year. We are continuing to strengthen our position and capture market share in the mortgage market despite intense competition. The second quarter saw the equity markets perform strongly, which led to healthy growth in our fund volume, while we are continuing to see high net inflows into our funds. In savings, the process of integrating SAVR is continuing, something that is strategically important for our position in the savings market. It is gratifying that alongside the integration process we could continue to roll out new features on the SAVR platform, which will enhance the user experience for our customers going forward.
Net interest income stabilised and is now showing an increase both on the last quarter and the second quarter of 2025. Meanwhile, net commission income performed well, largely due to high growth in funds. Expenses increased year-on-year, however, which was mainly a result of the acquisition of SAVR and the takeover of LF’s telephone banking. These are new businesses that were not included in last year’s figures. Our credit portfolio remains characterised by low risk, and credit losses were very low again this quarter and generally positive for the first half of the year, due to a non-recurring effect in LF Finans in the first quarter.
We are focusing intensely on expenses and efficiency in order to ensure our long-term competitiveness and provide an attractive customer offering. We are continuing to invest in development, with the digitalisation of our mortgage process representing a key milestone. Adapting to the new payment infrastructure and integrating SAVR are two of our most important initiatives for the future.
We are pleased to once again report stable earnings for the bank, with healthy growth and increased market share. This is the result of a strong local customer focus and dedicated efforts throughout the bank. Together, we will continue to create security and opportunities for Länsförsäkringar’s customers.”, says Sara Davidgård, President of Länsförsäkringar Bank
The period in brief, Group:
- Operating profit increased 2% to SEK 1,198 M (1,171).
- Return on equity was 8.1% (8.1).
- Net interest income declined 2% to SEK 2,883 M (2,955).
- Net commission income, excluding remuneration
to the regional insurance companies, increased 17% to SEK 1,030 M (883). - Operating income increased 5% to SEK 3,181 M (3,042).
- Operating expenses increased 15% to SEK 1,818 M (1,575), largely due to additional operations in the form of the incorporation of telephone banking and the acquisition of SAVR.
- Net credit losses were positive, mainly as a result of sales of credit-impaired loan receivables in LF Finans in the first quarter, and amounted to SEK –48 M (86), corresponding to a credit loss level of –0.02% (0.04).
- Operating profit was impacted by fees levied of SEK 213 M (210) during the period, of which risk tax comprised SEK 96 M (137).
- Business volumes income increased 11% to SEK 1,149 billion (1,031).
- Lending increased 5% to SEK 434 billion (415).1)
- Deposits increased 1% to SEK 167 billion (164).
- Fund volumes increased 21% to SEK 548 billion (452).
- The Common Equity Tier 1 capital ratio for the Consolidated Situation amounted to 14.1% (14.72) on 30 June 2026.
Figures in parentheses pertain to the same period in 2025.
*Loans to the public excluding deposits with the Swedish National Debt Office and similar items.
** Refers to 31 March 2026.
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https://www.lansforsakringar.se/financial-bank/
For further information, please contact:
Sara Davidgård, President Länsförsäkringar Bank AB,
sara.davidgard@lansforsakringar.se
Martin Rydin, CFO Länsförsäkringar Bank AB,
+46 (0)73 964 28 23
Andreas Larsson, Head of Investor Relations Länsförsäkringar Bank AB,
+46 (0)720 84 36 34
This report contains such information that Länsförsäkringar Bank AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication on 22 July 2026 at 12:00 p.m. CEST.
The Länsförsäkringar Alliance is comprised of 23 local and customer-owned regional insurance companies and the jointly owned Länsförsäkringar AB. Customers are provided with a complete offering of banking and life and non-life insurance services through their local, regional insurance companies. We offer animal and crop insurance through Agria Djurförsäkring, total solutions for reliable mortgage transactions through Länsförsäkringar Fastighetsförmedling, and financing services such as leasing, instalment payments, and loans through Länsförsäkringar Finans.
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