Handelsbanken Posts Upbeat Q2 Profit

Svenska Handelsbanken AB

posted a rise in its Q2 net profit. Handelsbanken's quarterly net profit climbed to SEK3.41 billion, from SEK3.14 billion in the year-ago period, versus analysts' estimates of SEK3.32 billion. Its net interest income gained to SEK6.58 billion from SEK5.68 billion, versus analysts' estimates of SEK6.56 billion. Its loan losses widened to SEK288 million, versus SEK172 million. Handelsbanken shares closed at $17.20 yesterday.