STOCKHOLM, Sweden, Oct. 24, 2003 (PRIMEZONE) -- ForeningsSparbanken:
Operating profit rose by 42 percent to SEK 7,097 M
January -- September 2003 in summary:
-- Operating profit rose by 42 percent to SEK 7,097 M (5,000)
-- Profit for the period rose by 57 percent to SEK 4,719 M (3,006)
-- The return on equity rose to 16.0 percent (10.7)
-- Earnings per share rose to SEK 8.94 (5.69)
-- Total income rose by 6 percent to SEK 18,270 M (17,211)
-- Net interest income rose by 4 percent to SEK 12,105 M (11,663)
-- Net commission income decreased by 3 percent to SEK 4,177 M (4,325)
-- Net profit on financial operations rose to SEK 544 M (253)
-- Expenses decreased by 1 percent to SEK 10,173 M (10,241)
-- Loan losses decreased by 33 percent to SEK 832 M (1,243)
-- Operating profit for the third quarter rose by 85 percent to SEK 2,568
M (1,388) compared with the corresponding quarter previous year
-- ForeningsSparbanken was named Commercial Bank of the Year
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