STOCKHOLM, Sweden, Oct. 29, 2004 (PRIMEZONE) -- ForeningsSparbanken:
January -- September 2004 in summary:
- Profit for the period rose by 42 percent to SEK 6,708 M (4,719)
- The sale of FI-Holding was finalized and generated a capital gain of SEK 1,270 M
- Excluding capital gains, profit for the period rose by 25 percent to SEK 5,438 M (4,367)
- Operating profit rose by 29 percent to SEK 9,153 M (7,097)
- The return on equity rose to 21.6 percent (16.0)
- Earnings per share rose by 43 percent to SEK 12.74 (8.94)
- Total income rose by 10 percent to SEK 20,144 M (18,270)
- Net interest income rose by 2 percent to SEK 12,350 M (12,105)
- Net commission income rose by 19 percent to SEK 4,973 M (4,177)
- Excluding profit-based staff costs and costs for personnel changes, expenses decreased by 1 percent
- Loan losses decreased by 52 percent to SEK 396 M (832)
- ForeningsSparbanken was named Commercial Bank of the Year for the second consecutive year
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The following files are available for download: The full report:
http://www.waymaker.net/bitonline/2004/10/29/20041029BIT20030/wkr0001.pdf