Home HomeSwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Increased Loss for Ikano Bank

» Updated: 19 September 2024, 21:15

» Published: 29 August 2024

Increased Loss for Ikano Bank
Photo: Therese Jahnson/SvD/TT

The loss for Ikea-related Ikano Bank increased during the first half of the year, according to an interim report. Unchanged revenues paired with higher costs and rising credit losses explain the larger loss.

The operating result landed at minus 282 million kronor for the first half of the year, compared to a loss of 153 million during the same period the year before.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Large Debt Relief Package in China Fails to Impress
3 MIN READ

Large Debt Relief Package in China Fails to Impress

Households bought less in September
1 MIN READ

Households bought less in September

Stockholm Stock Exchange Opens on a Minus
1 MIN READ

Stockholm Stock Exchange Opens on a Minus

Significant Price Increase on the Housing Market
2 MIN READ

Significant Price Increase on the Housing Market

Mixed on Asian Exchanges
1 MIN READ

Mixed on Asian Exchanges

Christmas Sales Expected to Break Records
2 MIN READ

Christmas Sales Expected to Break Records

Still Happy Faces on Wall Street
1 MIN READ

Still Happy Faces on Wall Street

Trump in focus after expected Fed decision
2 MIN READ

Trump in focus after expected Fed decision

Divided on softer amortization requirements
2 MIN READ

Divided on softer amortization requirements

How much the banks lower the mortgage rate
1 MIN READ

How much the banks lower the mortgage rate

Higher costs hit SAS owner
1 MIN READ

Higher costs hit SAS owner

The Union Steps Up the Tesla Strike
1 MIN READ

The Union Steps Up the Tesla Strike

New French obstacles for Airbnb
1 MIN READ

New French obstacles for Airbnb

The Government Seeks Support for Those Affected by Northvolt
1 MIN READ

The Government Seeks Support for Those Affected by Northvolt

The regional tax will be raised next year
1 MIN READ

The regional tax will be raised next year

Astra Zeneca's China Chief Arrested by Police
1 MIN READ

Astra Zeneca's China Chief Arrested by Police

More rate cuts - but risk of turmoil with Trump
2 MIN READ

More rate cuts - but risk of turmoil with Trump

Svantesson: Trump's policy may increase inflation
2 MIN READ

Svantesson: Trump's policy may increase inflation

Major Banks Lower Mortgage Rates
1 MIN READ

Major Banks Lower Mortgage Rates

Central Bank Economist: Central Bank Cuts Interest Rate Too Late
2 MIN READ

Central Bank Economist: Central Bank Cuts Interest Rate Too Late