This improvement is particularly attributable to increased net interest income, lower impairment charges, as well as improved income from associates and group undertakings.The increased net interest income is attributable to a rise in the administration margin- and equity earnings for mortgage-credit institutions. The increase in administration margin is due to the fact that, since 2008, the financial sector as a whole has become subject to more and stricter requirements, resulting in higher costs of capital. Furthermore, the increases also reflect initiatives by the mortgage-credit sector to provide customers with an incentive to choose loan types with longer funding.
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