The Swedish Ship Mortgage Bank paid out EUR 193 million in new loans last year
The Swedish Ship Mortgage Bank paid out SEK 1,790 million (EUR 193 million) in new loans last year, up by almost SEK 1.4 billion (EUR 150 million) compared to 2005.
“2006 was a good year for us, says Lars Johansson, MD of the bank, to SSG. It is hard to compare years, there are so many factors affecting the level, such as what side of the year end ships are delivered.
An average for a number of years is about SEK 1 billion, but the bank has capacity for a lot more.
“We could approve new loans for a further SEK nine billion”, says Lars Johansson.
The bank made a profit of SEK 60 million (EUR 6.5 million), on par with the 2005 result. The balance sheet total rose by SEK 444 million (EUR 48 million), to SEK 7.1 billion (EUR 0.8 billion). The total loan portfolio grew from SEK 5.5 billion (SEK 0.6 billion) in 2005, to just over SEK six billion (EUR 0.7 billion). The reserve fund stands at SEK 1.25 billion (EUR 130 million).
“2006 was a good year for us, says Lars Johansson, MD of the bank, to SSG. It is hard to compare years, there are so many factors affecting the level, such as what side of the year end ships are delivered.
An average for a number of years is about SEK 1 billion, but the bank has capacity for a lot more.
“We could approve new loans for a further SEK nine billion”, says Lars Johansson.
The bank made a profit of SEK 60 million (EUR 6.5 million), on par with the 2005 result. The balance sheet total rose by SEK 444 million (EUR 48 million), to SEK 7.1 billion (EUR 0.8 billion). The total loan portfolio grew from SEK 5.5 billion (SEK 0.6 billion) in 2005, to just over SEK six billion (EUR 0.7 billion). The reserve fund stands at SEK 1.25 billion (EUR 130 million).
