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Handelsbanken's interim report January - September 2010

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

  • Operating profit for continuing operations went up by 4 percent to SEK 10,937 million (10,506) 

  • Profit after tax for total operations went up by 5 percent to SEK 8,133 million (7,728) and diluted earnings per share rose to SEK 12.85 (12.07) 

  • Tier 1 capital increased to SEK 86.9 billion (84.0) and the Tier 1 ratio according to Basel II went up to 15.7 percent (13.5) 

  • Return on equity for total operations was unchanged at 12.8 percent (12.8), while equity grew by 6 percent 

  • Net interest income declined by 6 percent to SEK 15,725 million (16,641) 

  • Net fee and commission income went up by 9 percent to SEK 5,895 million (5,398) 

  • Income declined to SEK 23,168 million (24,368) and expenses decreased to SEK -11,021 million (-11,162) 

  • The loan loss ratio decreased to 0.10 percent (0.23), with loan losses amounting to SEK -1,214 million (-2,701) 

  • The volume of credit commitments to the public increased by 18 percent, and the average volume of lending rose by 1 percent, adjusted for currency effects 


Summary of Q3 2010, compared with Q2 2010

  • Operating profit for continuing operations went up by 2 percent to SEK 3,606 million (3,539) 

  • Profit after tax for total operations went up by 5 percent to SEK 2,707 million (2,573) and diluted earnings per share rose to SEK 4.27 (4.07) 

  • Return on equity for total operations was 12.7 percent (12.0) 

  • Net interest income rose by 5 percent to SEK 5,327 million (5,082) 

  • Income declined by 2 percent to SEK 7,506 million (7,653), while expenses fell by 4 percent to SEK -3,610 million (-3,745) 

  • Loan losses went down to SEK -294 million (-369), and the loan loss ratio dropped to 0.08 percent (0.09) 

  • Average lending volumes were unchanged, while credit commitments went up by 6 percent 

  • Via Stadshypotek, Handelsbanken became the first Nordic bank to issue covered bonds in the US 

  • This year, Handelsbanken again had the most satisfied bank customers in the Nordic countries according to the SKI/EPSI survey 

 

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

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

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

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