Handelsbanken Reports 11% Drop in Net Interest Income

Published:

Handelsbanken Reports 11% Drop in Net Interest Income
Photo: Viktoria Bank / TT

Handelsbanken, one of the country's major mortgage lenders, reports an operating result of 7.8 billion kronor for the third quarter. This can be compared to the profit of 9.1 billion during the corresponding quarter last year.

Net interest income, what the bank earns on the difference between deposit and lending rates, fell 11 percent to 10.5 billion. But the decline was expected. The average forecast was 10.4 billion, according to Bloomberg.

Net commission income, where among other things card fees are included, was unchanged at 3.0 billion.

Loading related articles...

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for our readers

More news

Loading related posts...