Swedbank earns EUR 49 million in Latvia in H1

Published date19 July 2022
Publication titleLETA

RIGA, July 19 (LETA) - Swedbank earned EUR 49 million in Latvia in January-June, which is EUR 7 million more than in the first half of 2021, as the bank's public relations officer Lasma Dzelme told LETA.

The profit increased on higher income and lower credit impairments, explained Dzelme. Credit impairments were insignificant compared to EUR 6 million in the first six months of the last year.

Net interest income did not change substantially. Lending increased by 3 percent supported by increased household lending volumes. Deposits increased...

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