Svenska Handelsbanken has reported 14% increase in profit to SEK3.61bn ($567.6m) or SEK5.61 ($0.88) per share during the third quarter ended 30 September 2013, compared to SEK3.16bn ($496.8m) or SEK4.94 ($0.77) per share in the same period in 2012.
The Swedish bank’s profit from continuing operations for Q3 that ended on 30 September 2013 was SEK3.57bn ($561.3m), up from SEK3.15bn ($495.2m) a year earlier.
The company posted 7% increase in its operating profit to SEK4.57bn ($717.3m) during the latest quarter, as against SEK4.28bn ($674.3m) in the comparable period in 2012.
The core tier 1 ratio according to Basel II increased to 19.3% (17.3) and the total capital ratio rose to 21.7% (20.7), whereas the core tier 1 ratio according to Basel III rose to 18.8%.
Total income reported during Q3 2013 was SEK9.0bn ($1.41bn), up 6%, as against total income of SEK8.46bn ($1.33bn) in the corresponding period in 2012.
In the first nine months of 2013, the company’s profit increased 10% to SEK10.77bn or SEK16.97 per share, while income increased 3% to SEK27.05bn and net interest income rose 2% to SEK19.90bn.