Cost to income ratio of the largest banks in the Nordics 2024

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.