First quarter performance data for Nordic and Baltic banks, 2004

Abstract

The performance and profitability of Nordic and Baltic banks has improved from the beginning of 2004 as compared with last year. The sluggish development in net interest income was offset by an increase in other income. The increase in expenses has been moderate, with no major or surprising loan losses recorded in terms of the result. Capi-tal adequacy ratios are currently very high for the Nordic and Baltic banks