Interim report for FöreningsSparbanken (Swedbank) January - June 1999

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Interim report for FöreningsSparbanken (Swedbank) January - June 1999 Intensive merger work nearing an end *Operating profit amounted to SEK 3,608 M (3,866) *Net commission income rose to SEK 2,339 M (2,114) *Loan losses declined to SEK 260 M (710) *Problem loans, net, declined to SEK 2,947 M (5,517) *Earnings per share amounted to SEK 4.92 (5.20) *The savings area increased by nine percent *Lending rose by six percent *FöreningsSparbanken's Internet bank is now the largest in Sweden *Norway's SpareBank 1 Group acquired FöreningsSparbanken's Internet banking solution *The number of employees amounted to 10,746 (12,749 on December 31, 1996) *Moody's and FitchIBCA upgraded the Bank's rating ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/08/24/19990824BIT00350/bit0001.DOC http://www.bit.se/bitonline/1999/08/24/19990824BIT00350/bit0002.pdf

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