In 2024, Svenska Handelsbanken demonstrated the strongest operational efficiency among the Nordic region's ten largest banks, reporting the lowest cost-to-income ratio at 29.9 percent. At the opposite end of the spectrum, OP Financial Group recorded the highest ratio at 46.7 percent. The cost-to-income ratio, which measures a bank's operational costs relative to its operating income, serves as a critical indicator of banking profitability. Banks with lower ratios operate more efficiently and profitably, making Svenska Handelsbanken's performance particularly notable among its Nordic peers.
Cost-to-income ratio of the largest banks in Denmark, Finland, Norway, and Sweden in 2024
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Statista. (February 24, 2025). Cost-to-income ratio of the largest banks in Denmark, Finland, Norway, and Sweden in 2024 [Graph]. In Statista. Retrieved March 31, 2025, from https://www.statista.com/statistics/1279169/cost-income-ratio-of-largest-banks-nordics/?__sso_cookie_checker=failed
Statista. "Cost-to-income ratio of the largest banks in Denmark, Finland, Norway, and Sweden in 2024." Chart. February 24, 2025. Statista. Accessed March 31, 2025. https://www.statista.com/statistics/1279169/cost-income-ratio-of-largest-banks-nordics/?__sso_cookie_checker=failed
Statista. (2025). Cost-to-income ratio of the largest banks in Denmark, Finland, Norway, and Sweden in 2024. Statista. Statista Inc.. Accessed: March 31, 2025. https://www.statista.com/statistics/1279169/cost-income-ratio-of-largest-banks-nordics/?__sso_cookie_checker=failed
Statista. "Cost-to-income Ratio of The Largest Banks in Denmark, Finland, Norway, and Sweden in 2024." Statista, Statista Inc., 24 Feb 2025, https://www.statista.com/statistics/1279169/cost-income-ratio-of-largest-banks-nordics/?__sso_cookie_checker=failed
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Cost-to-income ratio of the largest banks in Denmark, Finland, Norway, and Sweden in 2024 [Graph], Statista, February 24, 2025. [Online]. Available: https://www.statista.com/statistics/1279169/cost-income-ratio-of-largest-banks-nordics/?__sso_cookie_checker=failed
