Interim report January – June 2020
“In the second quarter, the humanitarian consequences of Covid-19 have become increasingly evident in Europe. At the same time, the economic effects of the virus outbreak are still difficult to overlook. We have therefore chosen a restrictive approach for the new lending within Consumer Lending over most of the quarter, which has strengthened the bank’s capital and liquidity. The growth in the Ecommerce Solutions and Credit Cards segments has been strong during the quarter.” – Mattias Carlsson, CEOJanuary – June 2020 compared with January – June 2019 · The loan portfolio has increased