Handelsbanken is the last of the four major banks to release quarterly figures for the first quarter. Just like the other banks, it was a billion-kronor profit.
Handelsbanken's profit was also above market expectations, which were at around 7.6 billion Swedish kronor according to Bloomberg's compilation.
Just like the other banks, the net interest income, i.e. what the bank earns on the difference between lending and borrowing, is decreasing in line with lower interest rates.
For Handelsbanken, the decline was only 3 percent and a total of 11.3 billion kronor, also above market expectations.
"Despite significant reductions in key interest rates in the bank's home markets over the past year, the net interest income was relatively stable compared to the same period last year," the bank writes in the quarterly report.
Total revenue for the bank amounted to nearly 14.8 billion kronor, compared to 15.1 billion kronor for the corresponding period the year before.
