Nordic Business Report-August 29, 2006-Lansforsakringar Bank reports 6-month operating profit of SEK111m
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Swedish bank Lansforsakringar Bank, part of the banking and insurance group Lansforsakringar AB, reported on Tuesday (29 August) an operating profit before loan losses of SEK111m on revenue of SEK493m for the period January-June 2006.
Both operating profit before loan losses and revenue increased, respectively from SEK102m and SEK472m, as compared to the corresponding period in 2005.
Net interest income increased to SEK442m from SEK435m in January-June 2005.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
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