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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.

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By TTThis article has been altered and translated by Sweden Herald

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