STOCKHOLM, Sweden, May 4, 2004 (PRIMEZONE) -- ForeningsSparbanken:
Operating profit rose by 32 percent to SEK 2,623 M
First quarter in summary:
-- Operating profit rose by 32 percent to SEK 2,623 M (1,983)
-- Profit for the period rose by 36 percent to SEK 1,742 M (1,285)
-- The return on equity rose to 16.9 percent (13.1)
-- Earnings per share rose by 36 percent to SEK 3.30 (2.43)
-- Total income rose by 9 percent to SEK 6,350 M (5,806)
-- Net interest income rose by 2 percent to SEK 4,104 M (4,033)
-- Net commission income rose by 24 percent to SEK 1,611 M (1,300)
-- Net profit on financial operations doubled to SEK 388 M (194)
-- Expenses rose by 8 percent to SEK 3,667 M (3,398). Excluding
profit-based staff costs, the increase was 1 percent
-- Loan losses decreased by 58 percent to SEK 163 M (390)
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