Interim report for FöreningsSparbanken (Swedbank) January-June 1998, August 25, 1998

Interim report for FöreningsSparbanken (Swedbank)January-June 1998, August 25, 1998 Stable development for FöreningsSparbanken - "first half" of merger concluded Operating profit amounted to SEK 3,866 M (3,684) Operating profit excluding change-over costs amounted to SEK 4,338 M (3,751) Return on equity was 20.6% (20.4) @ 1,356 employees transfer to Resource Bank and will leave the Group before the year 2000 140 branches transferred to independent savings banks @ 185 of 231 branch consolidations implemented by the Bank Sale of operating properties generated a capital gain of approximately SEK 1 billion The full report is now available at http://www.bit.se/