Q2 Interim report January – June 2019
JANUARY – JUNE 2019 (COMPARED WITH JANUARY – JUNE 2018)· Revenue increased by 0.5% to SEK 224.8 million (223.7) · Net interest income increased by 2.8% to SEK 152.5 million (148.3) · Profit before tax (EBT) decreased by 22% to SEK 69.3 million (88.9) · Cost/income ratio increased to 0.28 (0.23) · The return on equity was 30%
“During the second quarter, we converted to IFRS that together with other strategic investments are important steps towards realizing our vision of becoming a challenger neo-bank with an international presence. We have also introduced the second product