Handelsbanken's interim report January - June 2011
Summary January - June 2011, compared with January - June 2010
- Profit after tax for total operations went up by 12 per cent to SEK 6,068 million (5,426) and earnings per share after dilution increased by 12 per cent to SEK 9.59 (8.57)
- Operating profit for continuing operations went up by 10 per cent to SEK 8,066 million (7,331)
- Return on equity for total operations was 13.6 per cent (12.8)
- Net interest income rose by 8 per cent to SEK 11,190 million (10,398) and by 10 per cent excluding exchange rate effects
- Income rose by 3 per cent to SEK 16,107 million (15,662)
- Tier 1 capital went up by SEK 4.8 billion to SEK 91.4 billion (86.6) and the Tier 1 ratio according to Basel II increased to 17.4 per cent (14.8)
- The average volume of loans to the public grew by 3 per cent to SEK 1,519 billion (1,473)
Summary of Q2 2011, compared with Q1 2011
- Profit after tax for total operations grew by 7 per cent to SEK 3,136 million (2,932) and earnings per share after dilution increased by 7 per cent to SEK 4.95 (4.63)
- Operating profit for continuing operations went up by 5 per cent to SEK 4,136 million (3,930)
- Return on equity for total operations was 14.0 per cent (13.2)
- Net interest income rose by 3 per cent to SEK 5,683 million (5,507)
- Income increased by 3 per cent to SEK 8,169 million (7,938)
- The loan loss ratio was 0.04 per cent (0.06)
- The average volume of loans to the public grew by 4 per cent to SEK 1,552 billion (1,486), while the average volume of deposits increased by 3 per cent to SEK 614 billion (595)
- The liquidity reserve was maintained at a level of more than SEK 600 billion
The slide presentation for today's press conference will be available at 08.00 CET at www.handelsbanken.se/ireng
For further information, please contact:
Pär Boman, President and Group Chief Executive, +46 (0)8 22 92 20
Ulf Riese, CFO, +46 (0)8 22 92 20
Mikael Hallåker, Head of Investor Relations, +46 (0)8 701 29 95, miha11@handelsbanken.se
For more information about Handelsbanken, please go to: www.handelsbanken.com