CORRECTION: Inbank unaudited financial results for Q3 and 9 months 2024 [Yahoo! Finance]
SWEDBANK AB S/ADR (SWDBY)
NASDAQ:AMEX Investor Relations:
swedbank.com/investor-relations
Company Research
Source: Yahoo! Finance
Profit for the first nine months of 2024 reached 10.8 million euros, marking a 46% increase compared to the previous year. The return on equity (ROE) in Q3 stood at 8.8% and for the first nine months of the year 10.9%. Loan and rental portfolio increased by 14.2% year-on-year, reaching 1.11 billion euros. The deposit portfolio grew by 14% compared to a year ago, totaling 1.16 billion euros. At the end of Q3, Inbank's total assets stood at 1.43 billion euros. The Gross Merchandise Value (GMV) for the third quarter reached a record 184 million euros, which is 4% higher than the previous quarter and 1% compared to the previous year. Net interest income grew by 25% compared to last year, reflecting a strong underlying performance. Auto marketplaces and dealers portfolio, now Inbank's largest segment, increased in the third quarter by 42% year-on-year reaching 64 million euros of GMV. All other product segments maintained similar GMV in the third quarter compared to last year, exce
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