Handelsbanken profit up, UK business grows despite Brexit vote

Handelsbanken profit up, UK business grows despite Brexit vote
 

Sweden's Handelsbanken said its business in Britain grew in the third quarter, shrugging off concerns that Britain's vote to leave the European Union would hurt its ability to grow.
Handelsbanken, which has around 200 branch offices in Britain, saw UK operating profit in sterling currency increase by 9 percent due to growing income and lower loan losses.
The bank said that while the underlying business was good the profit rise was offset by the sharp fall in the sterling against the dollar.
Shares in the bank have risen around 17 percent since the Brexit vote.
Group operating profit in the... read more

 
19 October 2016 in Business, Views: 39
Source: Reuters
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