Highligts of Handelsbanken’s Annual Report January - December 2014

Summary January – December 2014, compared with January – December 2013

  • Operating profit went up by 6% to SEK 19,212m (18,088) – the highest figure in the Bank’s 143-year history
  • The period’s profit after tax for total operations increased by 6% to SEK 15,184m (14,295)
  • Earnings per share for total operations increased by 6% to SEK 23.89 (22.52)
  • The Board proposes an ordinary dividend of SEK 12.50 per share and also an extra dividend of SEK 5.00 per share
  • The Board has decided to propose a stock split of 3:1
  • Following the Board’s dividend proposal, the common equity tier 1 ratio according to CRD IV increased to 20.4% (18.9) and the total capital ratio rose to 25.6% (21.6)
  • The Board has resolved on new capital goals, meaning that, under normal circumstances, the Bank’s common equity tier 1 ratio must exceed the Swedish Financial Supervisory Authority’s communicated requirements by 1 to 3 percentage points, and that the tier 1 ratio and the total capital ratio must exceed the Financial Supervisory Authority’s communicated requirements by at least 1 percentage point.
  • Return on equity for total operations was 13.4% (13.9)
  • Income increased by 5% to SEK 38,314m (36,327)
  • Net interest income went up by 2% to SEK 27,244m (26,669) and in the home markets outside Sweden, net interest income increased by 11%
  • Total expenses decreased by 0.5%, adjusted for exchange rate movements
  • The C/I ratio improved to 45.2% (47.0)
  • The loan loss ratio was 0.10% (0.07)

Summary of Q4 2014, compared with Q3 2014

  • Seasonal effects and increasing loan losses caused operating profit to decrease by 12% to SEK 4,311m (4,904)
  • Compared with the fourth quarter of 2013, profit before loan losses grew by 5%
  • The period’s profit after tax for total operations decreased by 14% to SEK 3,342m (3,899) and earnings per share were SEK 5.26 (6.13)
  • Return on equity for total operations was 11.4% (13.8)
  • Income decreased marginally to SEK 9,556m (9,630), but was 3% higher than the figure for the fourth quarter of 2013

 
The slide presentation for today’s press conference will be available at 07.00 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 4 February 2015, at 07.00 CET.

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


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