Swedbank and SEB posted lower profits in 2025, earning €261 million and €166.9 million respectively, as interest income declined and costs rose for both banks.
Swedbank Estonia reported a net profit of €261 million for 2025. Compared to 2024, this marks a decrease of €96 million, the country’s largest commercial bank announced.
Revenue declined by €105 million, primarily due to a drop in interest income. Net interest income decreased by €99 million, which the bank attributed to lower market interest rates and loan margins.
Fee and commission income fell by €8 million year-over-year, mainly due to changes in the pricing of service packages in the final quarter of 2024.
Expenses rose by €28 million, driven mainly by higher personnel costs, support activities, expenses related to the new headquarters and services purchased from within the Swedbank Group. This included increased costs and investments related to digital solutions. Over the course of the year, Swedbank also expanded its team of fraud prevention experts.
Read more: ERR.EE
