Svenska Handelsbanken AB (SVNLF.PK,SVNLY.PK), a Swedish lender, on Wednesday reported a surge in profit for the second-quarter, particularly on higher net interest income.
For the second-quarter to June, the Stockholm-headquartered company posted a profit of SEK 7.104 billion or SEK 3.59 per share, compared with SEK 4.212 billion or SEK 2.13 per share of previous year quarter.
Operating earnings were at SEK 8.841 billion as against SEK 5.281 billion a year ago.
Profit for the period from discontinued operations after tax surged to SEK 329 million from SEK 73 million of 2022.
Profit before credit losses, risk tax and resolution fee was at SEK 9.531 billion, versus previous year's SEK 5.927 billion. Total income moved up to SEK 15.166 billion from SEK 11.053 billion of 2022.
Net interest income stood at SEK 11.687 billion, versus SEK 8.390 billion a year ago.
Net fee and commission income rose to SEK 2.761 billion from SEK 2.710 billion of prior year quarter.
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