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21 July 2021 Länsförsäkringar Bank Interim Report January - June 2021 The period in brief , Group Operating profit increased 40 % to SEK 1,228 M ( 876.4 ) and the return on equity strengthened to 10.7 % ( 8.3 ) . Net interest income fell 2 % to SEK 2,366 M ( 2,423 ) . I ▪ Net commission , excluding remuneration to the regional insurance companies , increased 27 % to SEK 625.2 M ( 491.5 ) . Operating income increased 4 % to SEK 2,233 M ( 2,148 ) . Operating expenses increased 4 % to SEK 1,086 M ( 1,040 ) . ▪ Credit losses amounted to SEK -80.0 M ( 232.2 ) , net , corresponding to a credit loss level of -0.04 % ( 0.13 ) . Business volumes increased 19 % to SEK 793.1 billion ( 668.8 ) . Deposits rose 8 % to SEK 142.1 billion ( 131.1 ) . Lending increased 11 % to SEK 352.7 billion ( 317.5 ) . ▪ Fund volumes increased 35 % to SEK 298.3 billion ( 220.2 ) . ▪ As a consequence of the merger between Länsförsäkringar AB and Länsförsäkringar Sak , Länsförsäkringar Bank's consolidated situation now comprises the Bank Group . ▪ The Common Equity Tier 1 capital ratio for the Consolidated Situation * amounted to 14.8 % ( 16.5 ** ) on 30 June 2021 . ▪ Länsförsäkringar Bank signed the UN's Principles for Responsible Banking in the second quarter . Figures in parentheses pertain to the same period in 2020 . * As of 30 June 2021 , the consolidated situation comprises Länsförsäkringar Bank and its subsidiaries ( the Bank Group ) . ** Refers to 31 March 2021. Comprises Länsförsäkringar AB as well as Länsförsäkringar Bank and its subsidiaries . Operating profit and return on equity SEK M 1,250 1,000 750 500 250 0 % 14 -12 - 10 Jan - Jun Jan - Jun Jan - Jun Jan - Jun Jan - Jun 2017 2018 2019 2020 2021 Operating profit , SEK M Return on equity , % -8 6 4 Customer trend Primary bank customers , 000s 600 500 400 300 200 100 0 Länsförsäkringar June June June June June 2017 2018 2019 2020 2021 President's comment Länsförsäkringar Bank reports strong earnings for the quarter and growth in the banking business remains healthy in all segments . This solid per formance was largely the result of the bank's and the regional insurance companies ' sustained efforts throughout the pandemic when we con tinued to offer customers the security and high level of service that exemplifies Länsförsäkringar . During the quarter , Länsförsäkringar Bank signed the UN Principles for Responsible Banking , meaning that we are clarifying our ambition to meet global sustainability challenges and to work towards the goals of the Paris Agreement as well as the UN Sustainable Development Goals . As a local and customer - owned company , we play a vital role in the transition to a more sustainable society , and we will do our utmost to assist our customers in making sustainable choices . We also intensified our efforts in the digital area whereby the continuing digitisation of the bank ing operations is creating efficiency in our pro cesses , and new opportunities are adding greater customer value and strengthening the custom er experience . By advancing our positions in this field , we are taking further steps towards our goal of being the leading player in the digital area , while maintaining our strong local presence . Sven Eggefalk President of Länsförsäkringar Bank Card trend Cards issued by Länsförsäkringar Bank , 000s 1,000 750 500 250 0 June June June June June 2017 2018 2019 2020 2021 lansforsakringar.se/finansielltbank