After Nordea, Handelsbanken is now the next major bank to report its results for the third quarter. Just like its competitor, Handelsbanken can show strong figures.
The operating profit landed at almost 9.1 billion kronor, which can be compared to 9.9 billion kronor for the same period last year. Above all, it was better than market expectations, which were at just over 8.9 billion kronor.
The bank's revenues simultaneously amounted to 15.5 billion kronor. Expectations were at 15 billion kronor.
As for the net interest income – what the bank earns on the difference between deposit and lending rates – it fell by 3 percent to 11.7 billion kronor.
"The net interest income was stable. The commission income increased mainly due to a continued strong development in the savings business," the bank writes in the report.
During the quarter, the bank has simultaneously reduced staffing by 2 percent, corresponding to 286 employees.
