The CEO of state-owned mortgage bank SBAB sees “great economic uncertainty” in a quarterly report. The bank reports an operating profit of SEK 660 million for the second quarter of the year. This compares with SEK 759 million in the previous quarter.
BusinessThe Swedish State Mortgage Bank, SBAB, is lowering interest rates on variable mortgages - with a three-month fixed term - by 0.05 percentage points.
BusinessProfits rose at state-owned mortgage bank SBAB in the first quarter. Lower costs and reduced fees had a positive impact.
BusinessThe state mortgage bank SBAB is raising its fixed mortgage rates.
BusinessSBAB has lower requirements for profit from its owners than what the major banks have. Despite this, the state-owned bank's customers do not get lower mortgage rates. Lowering the profit requirement further does not help, according to CEO Mikael Inglander. It is important to remember when it comes to the major banks, that they have a completely different type of business model.
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