Swedbank’s Net Interest Income Rises
Photo: Anna Hållams /TT

Swedbank’s Net Interest Income Rises to SEK 11.6 Billion in Third Quarter

Swedbank, one of the country’s largest mortgage lenders, reported high business activity in the third quarter, according to its interim report.

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Swedbank's net interest income - the bank's profit from the difference between deposit and lending rates - rose to SEK 11.6 billion in the third quarter, according to an interim report. In the corresponding quarter last year, it was SEK 10.8 billion.

It was marginally lower than expected. Analysts had on average expected net interest income of SEK 11.7 billion in the most recently completed quarter, according to Bloomberg.

Net commission income, the bank's income from card fees, rose to SEK 4.7 billion from SEK 4.1 billion a year earlier. Expectations were for SEK 4.6 billion.

The bank's operating profit before impairments, bank taxes and resolution fees fell to SEK 10.6 billion, down from SEK 11.1 billion.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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