Handelsbanken’s Interim Report january – march 2018

Summary January – March 2018, compared with January – March 2017

  • Continued growth in all home markets.
  • Operating profit went down by 3% to SEK 5,161m (5,347).
  • The period’s profit after tax decreased by 3% to SEK 4,004m (4,111).
  • Earnings per share decreased to SEK 2.06 (2.11).
  • Return on equity was 11.7% (12.4).
  • Income increased by 3% to SEK 10,324m (10,036).  
  • Net interest income grew by 8% to SEK 7,648m (7,081). Adjusted for the raised resolution fee, net interest income grew by 11%.
  • Net fee and commission income grew by 5% to SEK 2,461m (2,354).  
  • The C/I ratio rose to 48.6% (44.8).
  • The loan loss ratio pursuant to IFRS 9 was 0.03% (Q1 2017 according to IAS 39: 0.04). 
  • The common equity tier 1 ratio decreased to 21.6% (23.8) and the total capital ratio was 28.3% (29.7) 

Summary of Q1 2018, compared with Q4 2017

  • Operating profit increased by 3% to SEK 5,161m (4,997).
  • The period’s profit after tax grew by 6% to SEK 4,004m (3,762) and earnings per share increased to SEK 2.06 (1.93)
  • Return on equity increased to 11.7% (11.2).
  • Income went down by 7% till SEK 10,324m (11,152). Adjusted for the one-off income in the preceding quarter, income decreased by 2%.
  • Net interest income went down by 2% to SEK 7,648m (7,777). Adjusted for the raised resolution fee, net interest income grew by 1%.
  • The C/I ratio rose to 48.6% (45.5).
  • The loan loss ratio pursuant to IFRS 9 was 0.03% (Q4 2017 according to IAS 39: 0.22).

The slide presentation for today’s press conference will be available at 6:30 a.m. CET at handelsbanken.se/ireng
   

For further information, please contact:
Anders Bouvin, President and Group Chief Executive
Tel: +46 (0)8 22 92 20

Rolf Marquardt, CFO
Tel: +46 (0)8 22 92 20

Lars Höglund, Head of Investor Relations
Tel: +46 (0)8 701 51 70, laho01@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 6:30 a.m. CET on 25 April 2018. 

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

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