STOCKHOLM (Reuters) – Swedish banking group Swedbank reported a rise in net earnings for the second quarter on Tuesday as higher costs somewhat offset a boost from rising income from mortgages on the back of higher interest rates.
Swedbank’s second-quarter net profit for the period rose to 4.71 billion Swedish crowns ($452.80 million) from 4.62 billion a year-ago.
($1 = 10.4020 Swedish crowns)
(Reporting by Niklas Pollard)
