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Mortgages are falling, but savings have become the banks’ new profit engine
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Mortgages are falling, but savings have become the banks’ new profit engine

The major banks are currently earning less on customers' mortgages. They are making that up with savings
Swedbank CEO: Mortgage margin at historic low amid fierce competition
Business News

Swedbank CEO: Mortgage margin at historic low amid fierce competition

Profits from customers' mortgages are under pressure, according to Swedbank CEO Jens Henriksson. The mortgage margin is probably the lowest in history, he says
Stockholm Stock Exchange rises as Atlas Copco jumps on strong semiconductor demand
Business News

Stockholm Stock Exchange rises as Atlas Copco jumps on strong semiconductor demand

The Stockholm Stock Exchange's broad OMXS index rose 0. 4 percent on Thursday, partly thanks to a strong report from index-heavy Atlas Copco
Nordea profit before loan losses rises to EUR 1.7 billion in second quarter
Business News

Nordea profit before loan losses rises to EUR 1.7 billion in second quarter

The Helsinki-based major bank Nordea - one of the big four in the Swedish banking market - reports a profit before loan losses of EUR 1. 7 billion for the second quarter
Norwegian bank DNB posts slightly better-than-expected second-quarter profit
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Norwegian bank DNB posts slightly better-than-expected second-quarter profit

The major Norwegian bank DNB reports a profit before tax of 13. 0 billion Norwegian kroner for the second quarter
Strong reporting season expected as earnings flood begins next week
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Strong reporting season expected as earnings flood begins next week

The flood of reports gets going in earnest next week. The economy looks good, says Lars Söderfjell at the Bank of Åland
Inflation falls to 1.3% in June, but mortgage rates seen unchanged
Business News

Inflation falls to 1.3% in June, but mortgage rates seen unchanged

Inflation according to the CPIF measure fell to 1. 3 percent in June, according to a preliminary calculation by Statistics Sweden (SCB)
Stock market shows some courage as oil price falls
Business News

Stock market shows some courage as oil price falls

The Stockholm Stock Exchange closed slightly higher on Monday after being in the red for much of the day. Falling oil prices and positive signals from peace talks between Iran and the United States contributed to the rise
Interest rate hike flagged: 50 percent probability
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Interest rate hike flagged: 50 percent probability

The Swedish Central Bank leaves the key interest rate unchanged at 1. 75 percent
Higher costs threaten Swedish households this autumn
Business News

Higher costs threaten Swedish households this autumn

Swedish households are at risk of facing more expensive mortgages in addition to higher electricity and fuel prices this autumn. A step toward that could come on Thursday, when the European Central Bank (ECB) may increase pressure on the Swedish Central Bank to raise interest rates
Swedish economy shrinks unexpectedly in first quarter, down 0.2%
Business News

Swedish economy shrinks unexpectedly in first quarter, down 0.2%

The Swedish economy shrank by 0. 2 percent in the first quarter from the previous quarter, according to Statistics Sweden (SCB)
Danske Bank lowers interest rate on three-month variable mortgages
Business News

Danske Bank lowers interest rate on three-month variable mortgages

Danske Bank is lowering the interest rate on mortgages with a three-month term by 0. 05 percentage points, the bank said in a press release
Nordea: Interest rate increases may come as early as this fall
Business News

Nordea: Interest rate increases may come as early as this fall

The Swedish Central Bank is leaving the key interest rate unchanged at 1. 75 percent this year
Nordea lowers one- and two-year mortgage rates by 0.10 and 0.15 percentage points
Business News

Nordea lowers one- and two-year mortgage rates by 0.10 and 0.15 percentage points

Nordea is lowering its mortgage interest rates for one- and two-year fixed periods by 0. 10 and 0
Riksbank leaves key interest rate unchanged as risk of higher inflation increases
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Riksbank leaves key interest rate unchanged as risk of higher inflation increases

The Swedish Central Bank leaves the key interest rate unchanged at 1. 75 percent
Nordea subsidiary reported to police over suspected Money Laundering Act violations
Business News

Nordea subsidiary reported to police over suspected Money Laundering Act violations

The Danish Financial Supervisory Authority has reported a subsidiary of major bank Nordea to police over suspected violations of the Money Laundering Act. Nordea denies the suspicions
Nordea does not expect interest rate hikes this year
Business News

Nordea does not expect interest rate hikes this year

The Swedish Central Bank is expected to leave the key interest rate unchanged until next year, despite the energy price shock and uncertainty surrounding the war in Iran, according to a mortgage-rate forecast by Nordea chief economist Annika Winsth. "However, it is wise to be humble and take into account both higher inflation and interest rates," she adds
The Stockholm Stock Exchange fell, weighed on by the big banks
Business News

The Stockholm Stock Exchange fell, weighed on by the big banks

The Stockholm Stock Exchange fell on Thursday, with the broad OMXS index down 0. 3 percent
The stock market turned negative - ABB against the tide
Business News

The stock market turned negative - ABB against the tide

The Stockholm Stock Exchange moved lower on Wednesday afternoon and the broad OMXS index closed 0. 4 percent lower
Nordea posts first-quarter operating profit of just over SEK 17.2 billion
Business News

Nordea posts first-quarter operating profit of just over SEK 17.2 billion

Despite a decrease in net interest income, major bank Nordea beat market expectations with its interim report. Operating profit for the first quarter was the equivalent of just over SEK 17
Breaking the trend for mortgages - more people are fixing interest rates
Business NewsTop News

Breaking the trend for mortgages - more people are fixing interest rates

More Swedes are choosing to fix their mortgage interest rates in the wake of the war in Iran. A clear trend shift is visible among SBAB's customers
Stock market day in Stockholm: OMXS up 0.4 percent, BioArctic recovers somewhat
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Stock market day in Stockholm: OMXS up 0.4 percent, BioArctic recovers somewhat

The Stockholm Stock Exchange closed in the red. Pharmaceutical company BioArctic recovered somewhat after earlier losses
Stockholm stock market closed in the green
Business News

Stockholm stock market closed in the green

The rise on the Stockholm Stock Exchange continued throughout the day, and at the close the OMXS index was up 1. 1 percent
Full focus on the Iran war in flood of first-quarter reports
Business News

Full focus on the Iran war in flood of first-quarter reports

There is full focus on President Donald Trump and on how the war with Iran is unfolding ahead of listed companies' first-quarter reports. That is all the market is looking at
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