INTERIM REPORT JANUARY–MARCH 2009
- OPERATING PROFIT, NOT INCLUDING ”NET RESULT OF FINANCIAL TRANSACTIONS”, AMOUNTED TO MSEK 28.8 (47.9)The change in profit is explained by lower net interest income and a decline in recoveries. Net interest income for the first quarter of 2009 amounted to MSEK 74.0, a drop by MSEK 12.2 compared to the corresponding year-ago period. The lower net interest income is explained primarily by lower market rates, which meant a lower return on the portion of equity invested in lending operations. Also reported are recoveries during the first quarter of 2008 in the amount of MSEK 5.2. There is no