STOCKHOLM, Sweden, Feb. 20, 2003 (PRIMEZONE) -- Lansforsakringar Bank AB (publ):
2002 in brief:
-- Sweden's most satisfied bank customers and Bank of the Year 2002.
-- Lending to the public increased by 59% to SEK 19.9 billion and
deposits by the public increased by 19% to SEK 14.7 billion.
-- 47,000 new bank customers during 2002.
-- Profits rose to SEK 19.9 M (1.4).
-- Total earnings increased by 21%.
-- Net interest income increased by 27%.
-- Administration costs increased by 10%.
-- Return amounted to 1.9% (0.2).
-- Savings offering expanded with Internet share trading.
-- Collaboration with Swedish Cashier Service/Sweden Post.
"In 2000, Lansforsakringar's bank operations changed strategy, from niche bank to full-service bank. During the past two years, operations have developed highly favorably and today comprise a complete bank for private individuals and farmers. Our broad efforts are yielding results. The Privata Affarer magazine named Lansforsakringar 'Bank of the Year 2002,' and we have Sweden's most satisfied bank customers according to the Swedish Quality Index 2002. These honors are solid proof that Lansforsakringar's bank operations have developed from a niche bank to a full-service bank," said Tomas Johansson, CEO, Lansforsakringar Bank.
For further information
Tomas Johansson, CEO, Lansforsakringar Bank AB +46-8-588 419 82 Catharina Stromsten, Head of Communications Lansforsakringar Bank AB +46-8-588 424 52/+46-73-964 24 52 Christer Baldhagen, Senior Vice President Corporate Communications Lansforsakringar AB +46-8-588 415 01/+46-70-579 70 66 This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: www.waymaker.net/bitonline/2003/02/20/20030220BIT00230/wkr0001.pdf The full report