Strong Return on Equity
Swedbank reported a return on equity of 15.4% for the second quarter.
Increased Mortgage Volumes
Mortgage volumes in Sweden increased by SEK 2 billion during the quarter.
Successful Cost Control
Costs remained at the same level as in the first quarter, with a cost-to-income ratio of SEK 0.36.
Robust Capital Position
Swedbank maintained a strong capital buffer with a CET1 capital ratio of 19.7%.
Stabelo Acquisition
Swedbank announced the acquisition of the fully digital mortgage company, Stabelo, to enhance its mortgage offerings.
Solid Credit Quality
Credit quality remained solid with credit impairments of SEK 150 million reported for the quarter.
Increased Lending in the Baltics
Private and corporate lending in the Baltic region increased by SEK 4 billion each during the quarter.
Positive Developments in Sustainable Finance
The sustainable asset register grew by SEK 6 billion, reaching SEK 142 billion.