Sweden's biggest mortgage lender said net profit rose to 9.13 billion crowns ($817 million) from a year-ago 5.59 billion, against a mean forecast of 8.57 billion in a LSEG poll of analysts.
"Our business is stable and profitable at a time of war, uncertainty and transition," CEO Jens Henriksson told reporters. "In these uncertain times we once again deliver a stable result."
Several rapid rate hikes by the Swedish central bank since the start of last year has boosted interest income at Swedbank but has also put pressure on real estate markets and property owners and developers.
Swedbank, a rival to lenders such as Handelsbanken, Nordea and SEB, said interest income, which includes revenues from mortgages, rose to 12.9 billion crowns from 8.36 billion a year ago, just ahead of the 12.7 billion seen by analysts.
($1 = 11.1769 Swedish crowns)
(Reporting by Johan Ahlander, editing by Anna Ringstrom)
