Swedish banking major Svenska Handelsbanken AB (SVNLF.PK, SVNLY.PK) on Wednesday posted profit of SEK 6.85 billion or SEK 3.46 per share in the fourth quarter, down from SEK 7.24 billion or SEK 3.66 per share recorded in the same period last year.
Total income that comprised net interest income and fee and commission incomes rose marginally to SEK 16.0 billion from SEK 15.9 billion in the same quarter a year ago.
The company's net interest income declined 4% to SEK 11.7 billion from SEK 12.2 billion in the previous-year period. Net fee and commission income for the period, however, climbed 10% to SEK 3.07 billion from SEK 2.80 billion in the year-ago period.
During the three-month period, the bank's deposits and borrowing from the public increased to SEK 1.31 billion from SEK 1.29 billion last year.
The company's Board of Directors have also proposed a dividend of SEK 7.50 (6.50) per share and a special dividend of SEK 7.50 (6.50) per share.
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