SEK’s interim report January-June 2023: High net interest income despite challenging times
Net interest income in the second quarter increased by 43 percent compared to the same period in the previous year and growth in the lending portfolio remained healthy in the first half of 2023, despite war in Europe, geopolitical concerns and economic turbulence creating challenging conditions for Swedish companies. The growth was primarily driven by corporate lending to Swedish exporters, while lending to foreign buyers of Swedish goods and services, and to Swedish and international projects declined. “High inflation and high interest rates have resulted in many companies choosing to