State-owned SBAB is gaining market shares in mortgage lending, the bank reports in connection with the interim report for the first quarter. The total lending increased by 3.7 percent during the quarter to 540.4 billion kronor, while the total deposits rose by 10.5 percent to 255 billion kronor.
"Despite fierce competition, we continue to increase our market shares in mortgage lending. At the beginning of 2025, we could see a certain trend break for deposits, mainly due to increased outflows of fixed-term deposits from private individuals, a development that reversed during the latter parts of the quarter", writes the bank's CEO Mikael Inglander in a comment.
The bank simultaneously reports an operating profit of 710 million kronor, a decrease of 11.8 percent.
