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The absence of any profit share to the staff lift for Handelsbanken

Handelsbanken reported an operating profit of eur 6.110 million for the first quarter of the year. It can be compared with the gain of 5.161 million in the corresponding period of last year.

Analysts had, according to the Reuters, on average, had expected an operating profit of 5.193 million in the last completed quarter.

net interest income, that is to say that the bank earned on the difference in the deposit and lending rates, rose to 7.934 million, against 7.648 million a year earlier. Net fee and commission income fell to 2.512 million. That compares with 2.641 million in the corresponding quarter of the previous year.

to sek 288 million, against 153 million.

the Result was strengthened by a provision of sek 827 million for the employee prot-sharing scheme, Oktogonen for 2018 has been deleted.

”Adjusted for this, one - off and currency effects, the operating profit was largely unchanged,” writes Handelsbanken in its interim report.

and lifted earnings by 60 million crowns.

net interest income was at the same time that the state fees decreased by 161 million. Handelsbanken's fee to the so-called resolutionsfonden fell, for example, to 458 million, against 617 million a year earlier.

net interest income for the Swedish operations rose 3% to 4.356 million, while operating income in Sweden fell 5 percent to 3.096 million.

Handelsbanken's lending to Swedish households grew by 4 per cent year-on-year to 848 billion. Corporate lending in Sweden rose 5 percent to sek 502 billion.

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