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Handelsbanken's Interim Report January - March 2012

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 Summary January - March 2012, compared with January - March 2011

  • The period's profit after tax for total operations went up by 14 per cent to SEK 3,348 million (2,932) and earnings per share increased by 14 per cent to SEK 5.36 (4.71)
  • Operating profit for continuing operations went up by 16 per cent to SEK 4,571 million (3,930)
  • Operating profit in Branch operations outside Sweden increased by 63 per cent and for the first time exceeded SEK 1 billion in a single quarter
  • Return on equity for total operations rose to 13.8 per cent (13.2)
  • Income increased by 12 per cent to SEK 8,866 million (7,938)
  • Net interest income rose by 19 per cent to SEK 6,560 million (5,507)
  • The C/I ratio improved to 45.2 per cent (47.4)
  • The loan loss ratio was 0.07 per cent (0.06)
  • The tier 1 capital ratio rose to 19.1 per cent (17.2). The core tier 1 ratio increased to 16.4 per cent (14.5)
  • All bonds maturing up to and including the first quarter of 2013 have been prefinanced and the total liquidity reserve continued to exceed SEK 700 billion
  • The Bank has decided to start a fourth regional bank in the UK

Summary of Q1 2012, compared with Q4 2011

  • The period's profit after tax for total operations went up by 10 per cent to SEK 3,348 million (3,046) and earnings per share increased to SEK 5.36 (4.88)
  • Operating profit for continuing operations went up by 11 per cent to SEK 4,571 million (4,110)
  • Return on equity for total operations was 13.8 per cent (13.0)
  • Income increased by 6 per cent to SEK 8,866 million (8,374)
  • Net interest income rose by 3 per cent to SEK 6,560 million (6,357)
  • The loan loss ratio was 0.07 per cent (0.06) 

The slide presentation for today's press conference will be available at 09.00 CET at www.handelsbanken.se/ireng

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

Ulf Riese, CFO
Tel: +46 (0)8 22 92 20

Mikael Hallåker, Head of Investor Relations
Tel: +46 (0)8 701 29 95, miha11@handelsbanken.se

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

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