Sparbanken Västra Mälardalen Reports Positive Developments Despite Challenging Times

Sparbanken Västra Mälardalen continues to positively develop despite challenging times, with increased interest income and net interest income from financial transactions. The bank modernized its branch in Kungsör, maintaining strong financial ratios with a total capital coverage of 28.56% as of December 31, 2023. The bank's total financial volumes stood at 30,538,569 tkr as of December 31, 2023, representing a 3.66% increase. The bank's earnings report for January - December 2023 showed a loss of 253,542 tkr, with a positive impact from the market development affecting the bank's securities. Costs increased by 17% to 150,814 tkr, with credit provisions decreasing by 4% to 68,043 tkr.