Handelsbanken’s Interim Report January – June 2016

Summary January – June 2016, compared with January – June 2015

  •  Operating profit amounted to SEK 10,244m (10,211)
  •  The period’s profit after tax for total operations went up by 2% to SEK 8,237m (8,084)
  •  Earnings per share for total operations grew to SEK 4.31 (4.24)
  •  Return on equity for total operations was 13.7% (13.5)
  •  Income increased by 1% to SEK 20,165m (19,966)
  •  Net interest income went down by 2% to SEK 13,603m (13,935)
  •  The loan loss ratio decreased to 0.04% (0.07)
  •  The common equity tier 1 ratio increased to 23.0% (21.3) and the total capital ratio was 28.9% (28.4) 
  •  Fitch upgraded the Bank’s long-term credit rating to AA, the highest rating among all peer banks

Summary of Q2 2016, compared with Q1 2016

  •  Operating profit rose by 6% to SEK 5,277m (4,967)
  •  The period’s profit after tax for total operations increased by 4% to SEK 4,194m (4,043) and earnings per share were SEK 2.19 (2.12)
  •  Return on equity for total operations rose to 14.2% (13.1)
  •  Income fell by 3% to SEK 9,922m (10,243), but adjusted for items affecting comparability, it increased by 2%
  •  Net interest income increased to SEK 6,808m (6,795)
  •  Net fee and commission income rose by 5% to SEK 2,280m (2,170)
  •  Adjusted for items affecting comparability, staff costs decreased by 1%
  •  The loan loss ratio was 0.05% (0.04)

The slide presentation for today’s press conference will be available at 07.00 CET at handelsbanken.se/ireng

For further information, please contact:
Frank Vang-Jensen, President and Group Chief Executive
Tel: +46 (0)8 22 92 20

Ulf Riese, CFO
Tel: +46 (0)8 22 92 20

Mikael Hallåker, Head of Investor Relations
Tel: +46 (0)8 701 29 95, miha11@handelsbanken.se

This information is of the type that Handelsbanken is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Markets Act. The information was submitted for publication through the agency of the contact person set out above, at 07.00 CET on 15 July 2016. 

For more information about Handelsbanken, please go to: handelsbanken.com

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