Svenska Handelsbanken Interim report January-March 2002
Handelsbanken's interim report January - March 2002 Summary · Profits were SEK 2 659m (3 121) · Income rose to SEK 5 493m (5 419) · Net interest income rose by 7% to SEK 3 463m (3 240) · Comparable expenses increased by less than 6% · Loan losses were SEK 79m (+78) · Operations in Midtbank AS were transferred to Handelsbanken's Danish branch Profits were SEK 2.7bn Operating profits were SEK 2 659m (3 121) implying return on equity of 15.3% (21.7). The corresponding figure for the whole of 2001 was 18.4%. The C/I ratio before loan losses was 50.1% (43.8) and after loan losses 51.6% (42.4).