Sparbanken Skåne (SK) investor relations material

Executive summary

• Q3 operating profit was SEK 365m, up from SEK 297m QoQ; lower costs and reduced credit-loss provisions drove the improvement.

• Jan–Sep operating profit was SEK 1,019m, down 5% YoY, as lower net interest income and higher operating expenses outweighed stronger commissions and positive credit-loss reversals.

• Business volume reached SEK 295bn at September-end, up 7% since year-end; capital ratios remained strong at 30.2%.

Financial highlights

• Q3 net interest income was SEK 504m, flat QoQ; net commission income rose to SEK 148m from SEK 140m, mainly on securities fees.

• Q3 operating costs excluding credit losses fell to SEK 320m from SEK 352m QoQ; net credit-loss recoveries were SEK 30m versus SEK 0.2m.

• Jan–Sep net interest income declined 3% YoY to SEK 1,497m; net commission income increased 8% to SEK 433m, led by securities commissions.

• Jan–Sep net income was SEK 807m, down 5% YoY; total interest and operating income was broadly flat at SEK 1,944m.

Outlook and guidance

• Management plans to continue developing its offering and supporting customers through 2027, while maintaining focus on value creation and accessibility.

• The Swedish National Institute of Economic Research forecast GDP growth of 3% in 2026; the Riksbank held its policy rate at 1.75% in September and signalled a likely increase later in the year.

• Model assumptions anticipate a rate increase late in 2026; higher energy costs and inflation could affect customers’ repayment capacity and remain key watch points.