Handelsbanken’s Highlights of the Annual Report January – December 2022

JANUARY – DECEMBER 2022
- COMPARED WITH JANUARY – DECEMBER 2021

• Operating profit increased by 13% to SEK 26,619m (23,475).
• Return on equity increased to 12.5% (11.8).
• Income grew by 13% to SEK 50,249m (44,277).
• Net interest income increased by 21% to SEK 36,610m (30,321) due to higher business volumes and recovered interest margins.
• Adjusted for items affecting comparability*, expenses increased by 3%. The increase can be explained by increased IT investments and business development aimed at improving efficiency and business growth. Reported expenses climbed by 7% to SEK -21,296m (-19,843).
• The C/I ratio improved to 42.4% (44.8).
• The credit loss ratio was 0.00% (0.00).
• The Board of Directors proposes an ordinary dividend of SEK 5.50 (5.00) per share and a special dividend of SEK 2.50 (0.00) per share.
   

Q4 2022
- COMPARED WITH Q3 2022

• Operating profit increased by 3% to SEK 7,510m (7,277).
• Return on equity was 13.2% (13.2).
• Income grew by 9% to SEK 14,007m (12,897).
• Net interest income increased by 11% to SEK 10,630m (9,578) due to the continued recovery of interest margins.
• Adjusted for items affecting comparability*, expenses increased by 11%. The increase can be explained by increased IT investments and business development aimed at improving efficiency and business growth, together with seasonally higher activity levels. Reported expenses climbed by 14% to SEK -5,860m (-5,121).
• The C/I ratio was 41.8% (39.7).
• The credit loss ratio was 0.01% (-0.01).
• The common equity tier 1 ratio increased to 19.6% (19.0).
   

* Items affecting comparability consist of foreign exchange effects, non-recurring effects and special items. The items affecting comparability are presented in the tables on pages 5-8. Foreign exchange effects are presented in the Fact Book on page 9.
 

The slide presentation for today’s press conference will be available at 07:00 a.m. CET at handelsbanken.com/ir

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

  
Carl Cederschiöld, CFO
Tel: +46 (0)8 22 92 20 
 
Peter Grabe, Head of Investor Relations
Tel: +46 (0)8 701 11 67, peter.grabe@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 a.m. CET on 8 February 2023.

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

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