Published by Global Banking & Finance Review®
Posted on July 17, 2025
2 min readLast updated: January 22, 2026
Add as preferred source on GoogleSwedbank's Q2 net profit exceeded forecasts at 7.89 billion crowns, despite economic uncertainty impacting Sweden's banking sector.
By Niklas Pollard
STOCKHOLM (Reuters) -Swedish banking group Swedbank reported a net profit for the second quarter that beat market expectations on Thursday but said the global economy remained marked by uncertainty with weakening activity in its main market Sweden.
The bank said in a statement its net profit for the period fell to 7.89 billion Swedish crowns ($810 million) from a year-ago 8.60 billion but came in above a mean forecast of 7.18 billion in a LSEG poll of analysts.
Sweden's biggest mortgage lender published its results shortly after regional peer Nordea delivered a beat on earnings while domestic rivals SEB and Handelsbanken presented their reports on Wednesday.
Nordic banks have seen central bank rate cuts across the region weigh on interest over the past year while uncertainty over U.S. tariffs and any European retaliation has clouded the outlook for lenders and the economies they serve.
"In general, I'd say there's not exactly a wet blanket (over markets) but rather a wait-and-see attitude," CEO Jens Henriksson said in a conference call with reporters.
Swedbank said its net interest income, which includes revenues from mortgages, fell to 10.92 billion crowns from 12.17 billion a year earlier, narrowly topping the 10.90 billion seen by analysts.
($1 = 9.7352 Swedish crowns)
(Reporting by Niklas Pollard, editing by Louise Rasmussen)
Swedbank reported a net profit of 7.89 billion Swedish crowns ($810 million) for the second quarter.
The net profit fell from 8.60 billion Swedish crowns a year ago but exceeded the forecast of 7.18 billion crowns.
Nordic banks have been affected by central bank rate cuts and uncertainties regarding U.S. tariffs and potential European retaliation.
CEO Jens Henriksson described the market sentiment as a 'wait-and-see attitude' rather than a negative outlook.
Swedbank's net interest income fell to 10.92 billion crowns from 12.17 billion a year earlier, slightly above analysts' expectations.
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