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Handelsbanken’s Interim Report January – March 2017

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Summary January – March 2017, compared with
January – March 2016

  • Operating profit rose by 8% to SEK 5,347m (4,967)
  • The period’s profit after tax for total operations increased by 2% to SEK 4,111m (4,043)
  • Earnings per share for total operations were SEK 2.11 (2.12)
  • Return on equity for total operations declined to 12.4% (13.1)
  • Income fell by 2% to SEK 10,036m (10,243), but rose by 7% after adjustment for capital gains in the period of comparison
  • Net interest income rose by 4% to SEK 7,081m (6,795)
  • The C/I ratio decreased to 44.8% (49.8)
  • The loan loss ratio was unchanged at 0.04% (0.04)
  • New PD models were approved by the Swedish Financial Supervisory Authority
  • The common equity tier 1 ratio increased to 23.8% (22.7) and the total capital ratio was 29.7% (28.8)

Summary of Q1 2017, compared with Q4 2016

  • Operating profit increased by 14% to SEK 5,347m (4,698)
  • The period’s profit after tax for total operations grew by 19% to SEK 4,111m (3,444) and earnings per share increased to SEK 2.11 (1.77)
  • Return on equity for total operations rose to 12.4% (10.6)
  • Income fell by 1% to SEK 10,036m (10,125)
  • Net interest income declined by 3% to SEK 7,081m (7,299), mainly due to a doubling of the fee to the Resolution Fund
  • The loan loss ratio decreased to 0.04% (0.17)

The slide presentation for today’s press conference will be available at 07.00 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

Mikael Hallåker, Head of Investor Relations
Tel: +46 (0)8 701 29 95, miha11@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 CET on 26 April 2017. 

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

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Handelsbanken Q1 2017

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