Länsförsäkringar Hypotek is one of the larger retail mortgage institutions in the Swedish market, with lending totalling SEK 87 billion on September 30, 2011.
Vast customer base, strong brand and local presence
The Länsförsäkringar Alliance’s vast customer base and strong brand, combined with local presence and the regional establishments, comprise the foundation for the bank and mortgage operations. Customers are served by the 23 local regional insurance companies throughout Sweden. The number of branches are 125. Länsförsäkringar Fastighetsförmedling´s 130 branches throughout Sweden also serve as a part of the full-service offering.
Sweden´s most satisfied retail mortgage customers
For the seventh time in eight years Länsförsäkringar has Sweden’s most satisfied bank customers in the retail market according to the Swedish Quality Index 2011 and for the seventh consecutive year Sweden´s most satisfied retail mortgage customers according to the Swedish Quality Index 2011. The number of retail mortgage customers in Länsförsäkringar Hypotek has risen to 158,000. Eight out of ten retail mortgage customers also have Länsförsäkringar as their primary bank.
Most of the banking operations’ borrowing occurs through Länsförsäkringar Hypotek. Borrowing is executed with covered bonds with the highest possible credit rating Aaa from Moody´s and AAA from Standard & Poor´s. Borrowing with covered bonds totalled SEK 87 billion on September 30, 2011.
The Länsförsäkringar Alliance comprises the 23 regional insurance companies that jointly own Länsförsäkringar AB, including subsidiaries. Länsförsäkringar Bank and its subsidiaries, including Länsförsäkringar Hypotek, are a subsidiary of Länsförsäkringar AB.
Legal structure for the Bank Group