Handelsbanken Lending Profit Beats as Business Volumes Hold

Swedish lender Svenska Handelsbanken AB reported better-than-expected profit from lending as business volumes held up relatively well in the first quarter.

Net interest income in the period fell 2% from a year ago to 11.35 billion kronor ($1.2 billion), the Stockholm-based bank said on Wednesday. Analysts polled by Bloomberg had forecast 11.06 billion kronor.