Swedish bank Handelsbanken's Q2 profit falls more than expected (updated)
16/07/2025 06:14
Adds detail on results in paragraph 3 and 4
STOCKHOLM, July 16 (Reuters) - Swedish bank Handelsbanken SHBa.ST reported on Wednesday a drop in second-quarter net profit that was bigger than expected as net interest income fell while lending volume growth was limited.
The bank, whose main markets are Sweden, Norway and Britain, said net profit fell to 5.49 billion crowns ($565.3 million) from 6.79 billion a year earlier. Analysts polled by LSEG had on average forecast a profit of 5.88 billion crowns.
The rival of Swedbank SWEDa.ST, SEB SEBa.ST and Nordea NDAFI.HE said net interest income, which includes revenues from mortgages, fell to 10.7 billion crowns from 11.7 billion, lagging the 10.9 billion expected by analysts.
"Net interest income was held back by the significant appreciation of the Swedish krona, as well as by the fact that previous positive repricing effects between deposits and lending were not repeated during the quarter," it said in a statement.
(Reporting by Anna Ringstrom, editing by Louise Rasmussen)
((anna.ringstrom@thomsonreuters.com;))