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Handelsbanken’s Interim Report January – March 2013

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Summary January – March 2013, compared with January – March 2012

  • The period’s profit after tax for total operations went up by 6 per cent to SEK 3,466 million (3,265) and earnings per share increased to SEK 5.47 (5.23)
     
  • Operating profit decreased by 3 per cent to SEK 4,336 million (4,458)
     
  • Return on equity for total operations was 13.8 per cent (14.1)
     
  • Income went down to SEK 8,800 million (8,866)
     
  • Net interest income was SEK 6,541 million (6,560)
     
  • The C/I ratio rose to 47.5 per cent (46.4)
     
  • The loan loss ratio was 0.06 per cent (0.07)
     
  • The core tier 1 ratio according to Basel II increased to 18.0 per cent (15.8), while the core tier 1 ratio according to Basel III went up to 17.5 per cent (14.6)
     
  • The Bank extended its prefinancing and all bonds maturing up to the end of June 2014 have been prefinanced
     
  • The Bank’s liquidity reserve exceeded SEK 750 billion

Summary of Q1 2013, compared with Q4 2012

  • Adjusted for the reversal of tax in the fourth quarter, the period’s profit after tax rose by 25 per cent
     
  • Due to the reversal of previously booked tax in the quarter of comparison, the period’s reported profit after tax for total operations decreased by 19 per cent to SEK 3,466 million (4,284)
     
  • Operating profit increased by 10 per cent to SEK 4,336 million (3,948)
     
  • Income declined by 1 per cent to SEK 8,800 million (8,891) and expenses decreased by 8 per cent to SEK -4,182 million (-4,546)
     
  • Adjusted for exchange rate movements and day effects, net interest income grew by 3 per cent
     
  • Earnings per share decreased to SEK 5.47 (6.78) but adjusted for reversed tax in the fourth quarter, earnings per share grew by 22 per cent
     
  • Return on equity for total operations was 13.8 per cent (17.5)
     
  • The loan loss ratio fell to 0.06 per cent (0.09)

   
The slide presentation for today’s press conference will be available at 06.30 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

Handelsbanken discloses the information provided herein pursuant to the Securities Markets Act. Submitted for publication on 24 April 2013, at 06.30 CET.

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

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