Swedish banks see high profits amid inflation and interest rate hikes

Posted on July 7, 2023   |  

In Q1 2023, the 4 major banks collectively earned SEK 37 billion after tax, and the billion rule is expected to continue.

Profit is an important incentive for companies and households to borrow money when needed. 

TMF has raised a concern and set the hope for government to fix the housing crisis.

The state must interfere to protect jobs, tax revenue, and Swedish welfare as there is a need for a better balance between borrowers and lenders.