Swedbank AB (SWDBY.PK), a Nordic-Baltic banking major, on Thursday registered an increase in earnings for the first-quarter.
For the three-month period, the bank registered a net profit of SEK8.428 billion or SEK7.47 per share, higher than SEK7.560 billion or SEK6.71 per share, posted for the same period last year.
Pre-tax earnings moved up to SEK10.654 billion from SEK9.681 billion in 2023.
Profit before impairments, bank taxes, and resolution fees stood at SEK11.902 billion as against the previous year's SEK10.977 billion.
Net interest income was SEK12.599 billion, up from SEK11.936 billion a year ago
Net commission income was at SEK3.976 billion, higher than SEK3.660 billion last year.
Deposits and borrowings from the public slipped to SEK1.275 trillion from SEK1.313 trillion in 2023.
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