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18.04.2016 12:29:00
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SEB -- Moody's: Swedish and Swiss Banks' profitability resilient to low interest rates, but downside risks intensify
London, 18 April 2016 -- Profitability for banks in Sweden and Switzerland has so far remained resilient in the face of negative interest rates, owing to bolstered mortgage margins, as well as increased fee income and cost efficiency. However, pressure on net interest margins and downside risks for asset quality are now increasing, says Moody's Investors Service in a report published today.
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