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Handelsbanken's interim report January - June 2010

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Summary January - June 2010, compared with January - June 2009

  • Profit after tax for total operations increased to SEK 5,426 million (5,294) and earnings per share amounted to SEK 8.73 (8.49)
  • Tier 1 capital increased to SEK 86.6 billion (83.2) and the Tier 1 ratio according to Basel II went up to 14.8 percent (12.6)
  • Return on equity for total operations was 12.8 percent (13.1)
  • Operating profit for continuing operations increased to SEK 7,331 million (7,251)
  • Income decreased to SEK 15,662 million (16,606) and expenses fell to SEK -7,411 million (-7,520)
  • During the first half of the year, the Bank refinanced a bond volume of SEK 170 billion corresponding to all maturing bonds up to February 2011 and the liquidity reserve exceeded SEK 550 billion
  • Net interest income went down to SEK 10,398 million (11,031)
  • The average volume of lending decreased by 2 percent and household deposits in Sweden grew by 4 percent
  • Net fee and commission income went up by 10 percent to SEK 3,971 million (3,595)
  • The loan loss ratio decreased to 0.12 percent (0.23), with loan losses amounting to SEK -920 million (-1,835)

Summary of Q2 2010, compared with Q1 2010

  • Profit after tax for total operations went down to SEK 2,573 million (2,853) and earnings per share amounted to SEK 4.14 (4.59)
  • Operating profit for continuing operations decreased to SEK 3,539 million (3,792)
  • Income decreased to SEK 7,653 million (8,009) and expenses increased to SEK -3,745 million (-3,666)
  • Loan losses went down to SEK -369 million (-551), and the loan loss ratio dropped to 0.09 percent (0.14)
  • Return on equity for total operations was 12.0 percent (13.5)
  • The average lending volume increased by SEK 18 billion and the volume of credit commitments by SEK 13 billion

 

For further information, please contact:
Pär Boman, President and Group Chief Executive
phone +46 8 22 92 20

Ulf Riese, CFO
phone: +46 8 22 92 20

Mikael Hallåker, Head of Investor Relations
phone: +46 8-701 29 95, miha11@handelsbanken.se

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