Growth in the UK and Netherlands restricted a profits fall at Swedish retail bank Handelsbanken in the last quarter.
The back-to-basics lender is expanding in the UK with more than 200 branches.
A permanent branch will open in Dundee next month, following one in Perth in 2011.
The bank suffered 10% falls in pre-tax profit to SKr 4,731 million(£369m) and in net income to SKr 3,758m (£293m).
Net income fell by 5% in Sweden, 7% in Norway and 2% in Denmark and Finland, but rose by 4% in both the UK and Netherlands.
In the UK lending was up 13% to £15.0 billion, deposits were up 11% to £8.7bn, and operating profit was up 12% to £42.6m in comparison with the third quarter of last year.
The bank increased net lending to British households by 18% to £4.9bn in the last 12 months, and extended net lending support to UK businesses by a further 11% to £10.1bn.
Across all operations Handelsbanken cut expenses by 8% through seasonal lower travel, marketing and IT activity levels.
UK chief executive Anders Bouvin said Handelsbanken’s business model was to empower branch teams to take decisions at local level.
He also pointed to the latest industry survey that for the seventh year in a row measured Handelsbanken’s customer satisfaction and loyalty levels higher than those of the High Street banks.
Dundee branch manager Vic Bicocchi said: “These results further underline that our traditional approach to serving our customers is being well received, and I am delighted by the initial response to our opening in Dundee.”