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The Swedbank profit in 2024 decreased: affected by the compensationofinterestonmortgage loans

The amount of duties reached 38 million euros. Total expenses of the bank also increased to 157 million euros (in the last year – 138
million euros). Net interest income in 2024 year in compared with the previous year decreased by 10 million. Euros, in turn, net income from commissions increased by 2 million.
euros. The size of the loan portfolio of the bank increased by 9%. Lending to households increased by 8%, while the loan portfolio of enterprises
increased by 11%. The portfolio of deposits in compared to the same period of last year increased by 13%. Deposits of households increased by 13%, while while deposits of businesses
– by 12%. “Despite the long-standing stagnation in the Latvian economy, Swedbank has gained good growth in financing and individuals. and enterprises, – Lauris Mencis, Chairman of the Swedbank Management in Latvia. – – The projected resumption of economic growth and decline in the ECB rate in 2025 year allow hope for growth in

lending,whileit ismost likelythatthiswillbe hinderedbythecontributionofsolidaritybanks.”

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