Swedbank Reports Decreased Profit in Third Quarter

The major bank Swedbank reports a profit before write-downs, bank taxes and resolution fees of 11.1 billion kronor for the third quarter.

This can be compared to the profit of 13.2 billion kronor during the corresponding period a year earlier.

The net interest income, what the bank earns on the difference between deposit and lending rates, fell to 10.8 billion kronor, from 12.2 billion kronor a year earlier.

The net commission income, what the bank charges in fees, fell to 4.1, compared to 4.3 billion.