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Handelsbanken’s Interim Report January – June 2018

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Summary January – June 2018, compared with January – June 2017

  • Continued good growth in all home markets.
  • Strategic initiatives for business development and efficiency improvement.
  • Return on equity rose to 13.8% (12.6).
  • Operating profit increased by 7% to SEK 11,381m (10,604).
  • The period’s profit after tax grew by 13% to SEK 9,235m (8,167).
  • Earnings per share increased to SEK 4.75 (4.20).
  • Income rose by 8% to SEK 21,959m (20,274).
  • Net interest income increased by 8% to SEK 15,552m (14,402). Adjusted for the raised resolution fee, net interest income climbed 10%.
  • Net fee and commission income grew by 3% to SEK 5,012m (4,862).
  • The C/I ratio rose to 46.5% (45.8).
  • The loan loss ratio pursuant to IFRS 9 was 0.04% (IAS 39: 0.04).
  • The common equity tier 1 ratio decreased to 21.4% (23.4) and the total capital ratio was 28.3% (29.0). 

Summary of Q2 2018, compared with Q1 2018

  • Operating profit increased by 21% to SEK 6,220m (5,161). Adjusted for non-recurring items, the increase was 7%.
  • The period’s profit after tax grew by 31% to SEK 5,231m (4,004) and earnings per share increased to SEK 2.69 (2.06).
  • Return on equity increased to 16.0% (11.7).
  • Income rose by 13% to SEK 11,635m (10,324). Adjusted for the sale of shares in UC AB, the increase in income was 5%.
  • Net interest income increased by 3% to SEK 7,904m (7,648).
  • The C/I ratio improved to 44.7% (48.6).
  • The loan loss ratio was 0.05% (0.03).

The slide presentation for today’s press conference will be available at 6:30 a.m. CET at handelsbanken.se/ireng

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

Rolf Marquardt, CFO
Tel: +46 (0)8 22 92 20

Lars Höglund, Head of Investor Relations
Tel: +46 (0)8 701 51 70, laho01@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 6:30 a.m. CET on 18 July 2018. 

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

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Handelsbanken Q2 2018

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