”Länsförsäkringar Bank continued to deliver a positive performance in the third quarter. We are continuing to grow and strengthen our market position while delivering stable results. It is particularly gratifying that we have once again received clear confirmation of the strength of our customer offering and local profile with the results of the Swedish Quality Index’s (SQI) most recent customer satisfaction survey.

This year’s survey confirmed our position as one of the banks with the highest levels of customer satisfaction among retail customers, while we also improved our positions among corporate customers. This is a very encouraging result and clear evidence of the strength of our local presence, our close customer relationships and the strong commitment of our employees. The fact that our customers continue to give us such high ratings is particularly valuable in a fiercely competitive banking market.

We continued to see a strong trend in the mortgage market, where Länsförsäkringar Bank is continuing to outperform the market and we are capturing further market share. The positive trend also continued in savings. During the quarter, the fund volume in our own fund company exceeded SEK 500 billion, which represents a significant milestone and is a testament to the strong, long-term growth of our fund operations. Together with our ongoing efforts to develop our savings offering and the customer experience, such as the current integration of SAVR, this creates many opportunities to further strengthen our position.

We can report solid earnings for the quarter, with a continued strong underlying performance in the operations. We are focusing intensely on expenses and efficiency in order to provide an attractive offering for Länsförsäkringar’s customers. As part of these efforts, the LFAB Group issued a notice of termination of employment after the end of the quarter affecting 400 positions, some of which are in the Bank Group. At the same time, we will continue to invest in forward-looking initiatives to ensure our long-term competitiveness. Digitalisation and automation are central to this work, which involves gradually streamlining our processes, improving the customer experience and creating better conditions for our employees to meet the future needs of our customers.

In summary, the bank delivered a strong performance for the quarter. We combine high customer satisfaction with solid growth and stable earnings, while continuing to develop our operations for the future. With our strong local presence, committed employees and a constantly improving digital offering, we are well positioned to continue growing and creating security and opportunities for our customers.”, says Sara Davidgård, President of Länsförsäkringar Bank

The period in brief, Group:

• Operating profit increased 1% to SEK 1,738 M (1,719).
• Return on equity was 7.8% (7.9).
• Net interest income declined 2% to SEK 4,286 M (4,377).
• Net commission income, excluding remuneration to the regional insurance companies, increased 17% to SEK 1,595 M (1,360).
• Operating income increased 4% to SEK 4,671 M (4,510).
• Operating expenses increased 13% to SEK 2,666 M (2,360), largely due to additional operations in the form of the incorporation of telephone banking and the acquisition of SAVR.
• Credit losses were positive and amounted to SEK –37 M (115), net, corresponding to a credit loss level of –0.01% (0.03).
• Operating profit was impacted by fees levied of SEK 306 M (316), of which risk tax comprised SEK 144 M (206).
• Business volumes income increased 12% to SEK 1,178 billion (1,054).
• Lending increased 5% to SEK 440 billion (419).¹⁾
• Deposits increased 4% to SEK 167 billion (162).
• Fund volumes in the bank’s own fund company increased 19% to SEK 511 billion (428).
• The total fund volume increased 19% to SEK 564 billion (473).
• LF Bank came in second place in the Swedish Quality Index’s (SQI) survey of corporate customers and came in third place among retail customers. The bank also secured a second place in the Sustainability Index.
• The Common Equity Tier 1 capital ratio for the Consolidated Situation amounted to 13.9% (14.1²) on 30 September 2026.

Figures in parentheses pertain to the same period in 2025.
*  Loans to the public excluding deposits with the Swedish National Debt Office and similar items.

** Refers to 30 June 2026.
 

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https://www.lansforsakringar.se/financial-bank/

For further information, please contact:
 

Sara Davidgård, President Länsförsäkringar Bank AB,

sara.davidgard@lansforsakringar.se

Martin Rydin, CFO Länsförsäkringar Bank AB,

+46 (0)73 964 28 23

Andreas Larsson, Head of Investor Relations Länsförsäkringar Bank AB,

+46 (0)720 84 36 34

The Länsförsäkringar Alliance is comprised of 23 local and customer-owned regional insurance companies and the jointly owned Länsförsäkringar AB. Customers are provided with a complete offering of banking and life and non-life insurance services through their local, regional insurance companies. We offer animal and crop insurance through Agria Djurförsäkring, total solutions for reliable mortgage transactions through Länsförsäkringar Fastighetsförmedling, and financing services such as leasing, instalment payments, and loans through Länsförsäkringar Finans.