Net interest income in line with expectations, unexpectedly low credit losses, and cost pressure contributed to lifting profits above analysts' average forecast.
"Net interest income was stable compared with the previous quarter, despite negative daily and currency effects as well as lagged effects on interest margins from lower market interest rates," the bank writes in its report.
But market unrest in the wake of the Iran war and the global energy price shock is visible.
"In Sweden and Norway, loan demand was more cautious during the quarter and followed subdued macroeconomic developments," the bank writes.
