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SVENSKA HANDELSBANKEN ISSUES REVISED FORECAST

 SVENSKA HANDELSBANKEN ISSUES REVISED FORECAST
 STOCKHOLM, Sweden, Jan. 28 /PRNewswire/ -- Net operating income for


the Svenska Handelsbaken Group for 1991 is expected to be somewhat below Swedish Krona 3 billion, which is less than previously forecast, the group announced today. An important reason for this is the negative development of results in the finance company Gamlestaden, now owned by some ten banks. A few days ago, the board of Gamlestaden announced that, as a result of further loan losses, the company now has a negative equity of SEK 2.2 billion. Svenska Handelsbanken's share of this is SEK 455 million. A provision will be made for this loss in the 1991 results of the bank.
 The bank will also make provisions for some other large exposures which have been reviewed recently.
 In spite of this, the bank's loan losses are expected to be slightly over 1 percent of total lending, which is not a particularly high figure during a year of deep recession in the home market, such as 1991. The figures were at the same level in 1966 and 1984.
 In accordance with Svenska Handelsbanken's new strategic orientation towards the Nordic market, the subsidiary Svenska Finans is winding up all its operations outside the Nordic area. For costs incurred in this winding up, just over SEK 400 million will be reserved in the 1991 results, as an extraordinary expense.
 Svenska Handelsbanken will publish its results for 1991 on Feb. 18.
 -0- 1/28/92
 /CONTACT: Arne Martensson, president and head of Svenska Handelsbanken Group; Klas Wahlstrom, head of central control and treasury department; or Gunnar Backman, head of central credit department, in Stockholm, 46-8-22-92-20/ CO: Svenska Handelsbanken Group ST: IN: FIN SU: ERP


GK -- NY027 -- 4113 01/28/92 09:52 EST
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Date:Jan 28, 1992
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