Interim Report 1 January - 31 March 2008

Interim Report 1 January - 31 March 2008

• SBAB's loan portfolio totalled SEK 165,899 million (SEK 167,981 million).
• Net interest income amounted to SEK 305 million (SEK 304 million).
• Expenses have decreased to SEK 135 million (SEK 139 million).
• Net operating income decreased to SEK 97 million (SEK 215 million). Net
operating income has been affected by the financial turbulence that has marked
the credit market during the first quarter of 2008. Net operating income
adjusted for changes in market value in the liquidity portfolio amounts to SEK
255 million (SEK 202 million).

SBAB offers residential mortgages and savings products via Internet and
telephone and provides corporate loans. SBAB's mandate is to act to ensure
diversity and competition in the Swedish residential mortgage market. More
information is available at www.sbab.se.