Handelsbanken’s interim report January – March 2022

JANUARY – MARCH 2022
- COMPARED WITH JANUARY – MARCH 2021

• Profit for the period increased by 29% to SEK 5,650m (4,381). Profit for the period from continuing operations increased by 29% to SEK 5,344m (4,155).
• Earnings per share were SEK 2.85 (2.21).
• Operating profit increased by 24% to SEK 6,586m (5,307). Adjusted for items affecting comparability*, operating profit was essentially unchanged.
• Return on equity increased to 13.4% (10.6).
• Income increased by 17%. Adjusted for items affecting comparability*, the increase was 5% and was attributable to higher net interest income and net fee and commission income.
• Expenses grew by 3%. This increase was attributable in its entirety to higher development expenses.
• The C/I ratio improved to 42.0% (47.4). Adjusted for non-recurring items, the C/I ratio improved to 45.9% (47.4).
• The credit loss ratio was 0.00% (0.01).
• The common equity tier 1 ratio was 18.7% (20.2).

Q1 2022
- COMPARED WITH Q4 2021

• Profit for the period increased by 8% to SEK 5,650m (5,236). Profit for the period from continuing operations increased by 1% to SEK 5,344m (5,311).
• Earnings per share were SEK 2.85 (2.64).
• Operating profit increased by 3% to SEK 6,586m (6,369). Adjusted for items affecting comparability*, operating profit decreased by 8%.
• Return on equity increased to 13.4% (12.5).
• Income was up 4%, although adjusted for items affecting comparability*, income decreased by 3%.
• Expenses decreased marginally, although adjusted for items affecting comparability*, expenses decreased by 3%.
• The C/I ratio improved to 42.0% (44.0). Adjusted for non-recurring items*, the C/I ratio was 45.9% (45.6).
• The credit loss ratio was 0.00% (0.00).

Items affecting comparability other than foreign exchange effects:
Q1 2022:  Non-recurring item: SEK 1,059m sales of real estate holding subsidiaries (other income). Special item: SEK -87m Oktogonen (staff costs).
Q4 2021:  Non-recurring item: SEK 408m non-recurring income from sale of card acquiring operations (other income).
Special item: SEK -64m Oktogonen.
Q1 2021:  Special item: SEK -213m Oktogonen (staff costs)

The slide presentation for today’s press conference will be available at 06:30 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 06:30 a.m. CET on 27 April 2022.

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

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