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# Sweden's Swedbank reports Q2 net profit of SEK 7.2 billion with adjusted ROE of 15.5%
- URL: https://www.theglobalbanker.com/swedbank-q2-2026-net-profit-sek-7-2-billion-roe-15-5/
- Published: 2026-07-17T12:18:00.000Z
- Updated: 2026-10-02T00:30:45.000Z
- Description: Swedbank posted Q2 2026 net profit of SEK 7.2 billion and adjusted return on equity of 15.5%, with commission income strong and restructuring costs weighing on reported figures.
- Author: TGB Editorial Team
- Tags: Banking News, Europe

Swedbank reported second-quarter 2026 net profit of SEK 7.2 billion on Friday, with earnings per share of SEK 6.37 and an adjusted return on equity of 15.5%, with higher commission income and trading gains lifting total income to SEK 18.1 billion.

Extraordinary restructuring costs weighed on reported figures, with return on equity of 14.2% on a reported basis against 15.5% on an adjusted basis.

#### COMMISSION INCOME UNDERPINS RESULT

Net commission income rose 7% from the first quarter to SEK 4.5 billion, driven by strong stock market performance and net inflows to assets under management. Net interest income rose 1% from the first quarter.

Adjusted return on equity of 15.5% compares with the target of at least 15% under the bank's Swedbank 15/27 plan, which also caps the cost-to-income ratio at 0.40\. 

Chief executive Jens Henriksson pointed to SEK 22 billion of net savings inflows in the quarter. 

#### RESTRUCTURING COSTS WEIGH

Expenses in the quarter included extraordinary restructuring costs of SEK 860 million. Excluding these costs, expenses rose 2% from the first quarter, and the adjusted cost-to-income ratio was 0.39.

Swedbank expects extraordinary costs of about SEK 1.3 billion for full-year 2026, on top of cost guidance of SEK 27.5 billion that excludes extraordinary costs and currency effects. 

Total expenses rose 28% year on year to SEK 7.85 billion, including the restructuring costs. Henriksson said Swedbank continued to execute its 15/27 strategic plan, highlighting strong lending growth across its home markets.

Swedbank reported after Nordic peers DNB, SEB, Handelsbanken and Nordea had published second-quarter results earlier in the week. Danske Bank also reported its second-quarter results on 17 July.

Swedbank also said it had reached a settlement with the New York Department of Financial Services, closing all of its historical investigations.