Analysts had, according to the Reuters, on average, had expected an operating profit of sek 5.4 billion for the year.
it is kept unchanged for a 5:50 per share, pursuant to the board of directors.
the Bank’s net interest income, the difference between what the bank pays for the loans and what the bank is pulling out of the interest rates, and rose by three percent to 8.1 billion usd. The total income rose by a similar amount, to nearly 11.4 billion dollars.
for loan Losses, net, decreased from 276 million to $ 130 million.
the effort to strengthen the procedures and controls against financial crime and money laundering, the cost to the bank of sek 1.2 billion in the year 2019. Management believes that the cost will be equal by 2020. On top of that comes the cost for the same work at the branch, writing to the bank in the quarter.
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