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Handelsbanken's interim report January - March 2010

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

  • Profit after tax for total operations went up by 3 percent to SEK 2,853 million (2,765) and earnings per share amounted to SEK 4.59 (4.43) 
  • Return on shareholders' equity for total operations was 13.5 percent (13.8) 
  • Operating profit for continuing operations was SEK 3,792 million (3,806) 
  • Income decreased by 4 percent to SEK 8,009 million (8,386) and expenses were unchanged 
  • Net interest income was SEK 5,316 million (5,393) 
  • The average volume of lending decreased by 3 percent due to exchange rate effects, and deposit volumes grew by 3 percent 
  • Net fee and commission income went up by 14 percent to SEK 1,983 million (1,739) 
  • The loan loss ratio decreased to 0.14 percent (0.23), with loan losses amounting to SEK -551 million (-896) 
  • The capital base was SEK 115.3 billion and the capital ratio according to Basel II increased to 19.6 percent (16.7) 
  • Tier 1 capital increased to SEK 86.0 billion (81.4) and the Tier 1 ratio according to Basel II went up to 14.6 percent (11.6) 



Summary of Q1 2010, compared with Q4 2009

  • Profit after tax for total operations went up by 13 percent to SEK 2,853 million (2,516) and earnings per share increased by 14 percent to SEK 4.59 (4.04) 
  • Operating profit for continuing operations grew by 18 percent to SEK 3,792 million (3,221) 
  • Income was SEK 8,009 million (7,967), while expenses fell by 10 percent to SEK -3,666 million (-4,058) 
  • Loan losses went down to SEK -551 million (-691), and the loan loss ratio dropped to 0.14 percent (0.18) 
  • Net impaired loans decreased to SEK 2,143 million (3,235), equivalent to 0.14 percent (0.21) of lending 
  • Return on equity for total operations increased to 13.5 percent (12.2) 
  • During the quarter, the Bank established 13 new branches in Great Britain 



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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