Handelsbanken’s interim report January – June 2023
- Operating profit increased by 46% to SEK 17,357m (11,905)
- C/I ratio improved to 37.8%, together with intensified investment rate in growth initiatives and profitability-generating IT development and business development
- 15.6% return on equity
- Good credit quality with a credit loss ratio of 0.01%
- Strong financial position with a common equity tier 1 ratio of 19.8%
- Highest combined credit rating in the world for a privately owned bank
* Items affecting comparability: Reversal of VAT paid in conjunction with sale of card acquiring operations (other income) SEK 141m and (net fee and commission income) SEK 17m (Q2 2023); funding cost relating to discontinued operations in Finland (net interest income) SEK 24m (Q2 2022), SEK 125m (Q1 2022); Oktogonen (staff costs) SEK -202m (Q1 2023), SEK -50m (Q2 2022), SEK -87m (Q1 2022); capital gains from real estate sales (other income) SEK 1,059m (Q1 2022) and foreign exchange effects, which are presented in the tables on pages 6 and 7, respectively.
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 19 July 2023.
For more information about Handelsbanken, please go to: handelsbanken.com
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