Swedbank reported stable results in the second quarter of 2014. Net profit increased by 389 million Swedish krona compared to the first quarter. Total income grew due to higher commission income and one-off income from the acquisition of Sparbanken Öresund. Total expenses also increased, partly due to one-off costs related to Sparbanken Öresund. Asset quality remained strong with low credit impairments. Capital ratios improved following regulatory approval of an advanced internal ratings-based approach.