Tuesday, July 21, 2015

Handelsbanken above expectations – Business World


     Frank Vang-Jensen, CEO of Handelsbanken. Photo: Jonas Ekströmer / TT
     

Handelsbanken’s operating profit tops analysts’ forecasts. So did the revenues and net interest income.

Handelsbanken reported an operating profit for the second quarter of 2015 of 5.256 billion crowns (5077). The market had expected an operating profit of 5.18 billion kronor, according to an analyst survey by SIX News / Inquiry Financial. The outcome is thus 1.5 per cent better than expected.

Revenues amounted to 10.221 billion crowns (9647). Waited was 9.997 billion.

Net interest income amounted to 7.019 billion crowns (6704). Waited was 6.976 billion crowns.

Net commission income was 2.359 billion crowns (2135), expected, 2328000000.

Revenue Net gains on financial items at fair value, also called trading, was 451 million (466). Waited was 391 million.

The cost was -4.607 billion crowns (-4299). Waited was -4.46 billion. The C / I ratio was 45.1 percent (44.6), compared with the expected 44.6 percent.

Loan losses -359 million (-272). Waited was -362 million.

The net profit was 4.173 billion crowns (3911). Analysts were expecting 4.055 billion.

The Group’s earnings per share after dilution was SEK 2.14 (2.01), compared with the expected 2.13 crowns.

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