Brexit vote not a rebuff for Swedish bank

Swedish bank Handelsbanken plans to continue its expansion in Britain despite Brexit.

New chief executive Anders Bouvin identified the Netherlands and Britain as areas with growth potential.

Group operating profit in the third quarter increased to 5.69 billion crowns (£523 million) from 4.73bn a year earlier. The result was helped by a 764m crown (£70.2m) windfall related to sale of shares in Industrivarden, the bank’s main owner.

Handelsbanken has branches in Dundee, Perth and Dunfermline.