From Cision: 2024-08-20 03:00:00

Sparbanken Västra Mälardalen remains a strong and financially stable bank in 2024, providing value to customers and the local community in Köping, Arboga, and Kungsör. The bank focuses on meeting customer needs for financial security, guiding towards sustainability, and helping customers achieve their dreams, reflected in positive customer satisfaction ratings.

With a total business volume of 32,092,514 tkr as of June 30, 2024, Sparbanken maintains a strong balance sheet with good credit quality and a capital adequacy ratio of 27.27% (excluding current earnings). The bank’s operating profit for January-June 2024 is 172,596 tkr.

In terms of financials, the bank’s net interest income increases by 0.92% to 148,845 tkr compared to the previous year, while net commission income rises by 7.91% to 36,617 tkr. The net financial transaction result is 8,885 tkr, primarily driven by positive market developments affecting the bank’s structured product investments.

Costs increase by 14.63% to 77,898 tkr, resulting in higher total expenses compared to the previous year. However, credit losses amount to -2,628 tkr, corresponding to -0.03% of outstanding loans and credit guarantees, positively impacting the bank’s overall result.

Sparbanken Västra Mälardalen, headquartered in Köping, operates as a local independent bank regulated by Swedish laws. The bank is overseen by 48 main owners who represent customers and influence key decisions through the Sparbanksstämman assembly. The current Chairman of the Board is Mikael Bohman, with Mirja Herrdin serving as CEO since spring 2024. For more information, visit www.sparbankenvm.se.



Read more at Cision:: Delårsrapport 1 januari – 30