Outlook

• Despite market uncertainty and a probable decline in interest rates, the net interest income is expected to be higher than in 2023.
• Net commission income is expected to be somewhat higher than in 2023, provided that the market conditions are favourable.
• The life insurance business is expected to develop steadily. However, the result may be affected by changes in market values.
• Total operating expenses are expected to remain on approximately the same level as in 2023, given the absence of stability contribution offset by higher expected IT expenses.
• Impairments and provisions for credit losses are expected to increase slightly compared to the 2023 level, given the current market situation.

(Published on 2 August 2024)