Handelsbanken mortgage lending hit by sharp fall in net interest income

Handelsbanken reports operating profit of SEK 6.7 billion for the second quarter of the year. That compares with a profit of SEK 7.1 billion for the corresponding period last year.

The result was worse than expected, according to Bloomberg. The average forecast among analysts was operating profit of SEK 7.0 billion.

Handelsbanken's net interest income fell 7 percent compared with the second quarter last year, to SEK 10.0 billion, while net commission income rose 9 percent to SEK 3.1 billion. The average forecast for net interest income was SEK 10.2 billion.