Stadshypotek Interim Report January – June 2022

JANUARY – JUNE 2022 COMPARED WITH JANUARY – JUNE 2021 Stadshypotek’s operating profit decreased by SEK 595m, or 9%, toSEK 5,921m (6,516). Net interest income fell by SEK 231m to SEK 7,587m (7,818), mainly due to higher borrowing costs that stemmed from rising market rates. In Sweden, net interest income decreased by SEK 187m, while in the Norwegian branch net interest income decreased by SEK 68m, as customers are contractually entitled to a notification of a change in their interest rate 90 days in advance. Of the net interest income, SEK 487m (555) was attributable to the branch in