The Swedish Covered Bond Corporation (SCBC) Year-end Report 2023
The Swedish Covered Bond Corporation (“SCBC”) (in Swedish: AB Sveriges Säkerställda Obligationer (publ)) Year-end Report 2023 is now available for download on sbab.se/IR.
January–December 2023 (January– December 2022)
- Operating profit amounted to SEK 2,073 million (1,978)
- Net interest income totalled SEK 4,041 million (3,787)
- Expenses amounted to SEK 1,468 million (1,344)
- Net credit losses totalled SEK 74 million (39).
- The Common Equity Tier 1 (CET1) capital ratio amounted to 16.7% (15.9)
- All funding programmes continue to have the highest credit ratings from Moody’s
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About AB Sveriges Säkerställda Obligationer (publ)
The Swedish Covered Bond Corporation, “SCBC”, is a wholly owned subsidiary of the Government-owned SBAB Bank AB (publ). SCBC is a credit market company whose primary operations involve the issuance of covered bonds in Swedish and international markets.
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