Nordic Business Report-April 25, 2006-Lansforsakringar Bank reports 3-month operating profit of SEK53.6m
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
Swedish bank Lansforsakringar Bank, part of the banking and insurance group Lansforsakringar AB, reported on Tuesday (25 April) an operating profit before loan losses of SEK53.6m on revenue of SEK323.50m for the financial quarter January-March 2006.
Both operating profit before loan losses and revenue increased, respectively from SEK50.8m and SEK315.0m, as compared to the corresponding period in 2005.
Net interest income increased to SEK219.7m, from SEK218.9m in January-March 2005.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
((Comments on this story may be sent to firstname.lastname@example.org))