Existing users please login

Forgot Password

    Home / Markets / Industries / Finance

    Tuesday, February 09, 2010

    Swedbank: Profit 'feasible' After $242 Mln Loss

    | Respond to Editor | Print

     
    By Steve Goldstein
    MarketWatch Pulse
       

      LONDON -- Swedbank said it swung to a fourth-quarter loss of 1.8 billion Swedish krona ($242 million), about in line with consensus, after earning 1.92 billion krona in the prior-year period but losing 3.34 billion krona in the third quarter. Impairments rose to 5 billion krona from 1.63 billion krona but fell from the third quarter's 6.12 billion krona. Most of the impairments were on loan losses in Russia and Lithuania. A 2010 profit is "feasible" if economic trends continue, particularly in Latvia and Ukraine.

      Copyright © 2010 MarketWatch, Inc.

      Fox Business Video


      Last 5 Stocks

      • Ticker
      • Company
      • Price
      • Change
      Powered by
       

      Personal Finance - Investing - Financial News - Business News - Stock Market Quotes & News - Small Business

      Advertise with us | Jobs at FOX Business Network | Internships at FBN

      Terms of use. Privacy Statement. For FOXBusiness.com technical issues write to foxbusinessonline@foxbusiness.com; for all other feedback, write to feedback@foxbusiness.com.

      Quotes delayed at least 15 minutes. Market Data provided by Interactive Data (Terms & Conditions). Powered and implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions.

      This material may not be published, broadcast, rewritten, or redistributed. ©2010 FOX News Network, LLC. All rights reserved.