Stadshypotek Interim Report January – June 2023
JANUARY – JUNE 2023 COMPARED WITH JANUARY – JUNE 2022 Stadshypotek’s operating profit decreased by SEK 1,171m, or 20%, to SEK 4,750m (5,921). Net interest income fell by SEK 1,156m to SEK 6,431m, (7,587), mainly due to higher funding costs arising from rises in market rates, as well as narrower margins, especially for Swedish and Norwegian private loans. In Sweden, net interest income decreased by SEK 695m, while in the Norwegian branch net interest income decreased by SEK 120m. Of the net interest income, SEK 367m (487) was attributable to the branch in Norway and SEK 219m (304) to