Handelsbanken’s interim report January– September 2014
Summary January – September 2014, compared with January – September 2013
- Operating profit went up by 9% to SEK 14,901m (13,630) and rose by 14% in home markets outside Sweden
- The period’s profit after tax for total operations increased by 10% to SEK 11,842m (10,768)
- Earnings per share for total operations increased by 10% to SEK 18.63 (16.97)
- Return on equity for total operations was 14.1% (14.2)
- Income increased by 6% to SEK 28,758m (27,049)
- Net interest income went up by 2% to SEK 20,361m (19,897) and in home markets outside Sweden, net interest income increased by 12%
- The C/I ratio improved to 44.4% (46.4)
- The loan loss ratio was 0.08% (0.07)
- The common equity tier 1 ratio according to CRD IV increased to 20.7% (18.8) and the total capital ratio rose to 25.6% (21.6)
- The continued high liquidity reserve and rising deposit volumes reduce the structural requirement for market financing
Summary of Q3 2014, compared with Q2 2014
- Operating profit decreased by 3% to SEK 4,904m (5,077) but rose by 7% compared with the third quarter of 2013
- Adjusted for dividend income in the second quarter, operating profit went up by 1%
- The period’s profit after tax for total operations decreased by 3% to SEK 3,899m (4,034) and earnings per share were SEK 6.13 (6.35)
- Return on equity for total operations declined to 13.8% (15.1)
- Income was unchanged, amounting to SEK 9,630m (9,647), while expenses fell by 2% to SEK -4,230m (-4,299)
- Net interest income rose by 4% to SEK 7,004m (6,704)
The slide presentation for today’s press conference will be available at 06.00 CET at www.handelsbanken.se/ireng
For further information, please contact:
Pär Boman, 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
Handelsbanken discloses the information provided herein pursuant to the Securities Markets Act. Submitted for publication on 22 October 2014, at 06.00 CET.
For more information about Handelsbanken, please go to: www.handelsbanken.com
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