English

Handelsbanken’s Interim Report January – September 2018

Report this content

Summary January – September 2018, compared with January – September 2017

  • Growth in all home markets.
  • The earlier communicated strategic initiatives imply measures generating improved efficiency corresponding to at least 1,600 full time equivalents up to the end of 2022.
  • Return on equity rose to 13.2% (12.7).
  • Operating profit went up by 4% to SEK 16,725m (16,028).
  • The period’s profit after tax grew by 8% to SEK 13,341m (12,340).
  • Earnings per share increased to SEK 6.86 (6.35).
  • Income grew by 7% to SEK 32,687m (30,522). Adjusted for non-recurring items, income grew by 4%. 
  • Net interest income increased by 6% to SEK 23,414m (21,989).  
  • Net fee and commission income grew by 6% to SEK 7,636m (7,217).
  • Total assets under management increased by 12% to an all-time high of SEK 670bn (599).  
  • The C/I ratio rose to 47.0% (45.6).
  • The loan loss ratio pursuant to IFRS 9 was 0.04% (IAS 39: 0.04). 
  • The common equity tier 1 ratio decreased to 21.7% (23.6) and the total capital ratio was 27.1% (28.5).
  • Handelsbanken had the highest customer satisfaction of Swedish major banks according to Swedish Quality Index. The gap to the other major banks grew. On other home markets, the Bank had more satisfied customers, both private and corporate, than the sector average.

Summary of Q3 2018, compared with Q2 2018

  • Operating profit went down by 14% to SEK 5,344m (6,220). Adjusted for non-recurring items, the decrease was 1%.
  • The period’s profit after tax declined by 22% to SEK 4,106m (5,231), and earnings per share fell to SEK 2.11 (2.69) Adjusted for non-recurring items, profit rose by 5%.
  • Return on equity decreased to 12.1% (16.0).
  • Income went down by 8% till SEK 10,728m (11,635), but adjusted for non-recurring items, the decrease was just under 1%.
  • Net interest income went down by 1% to SEK 7,862m (7,904).
  • The C/I ratio rose to 48.1% (44.7).
  • The loan loss ratio was 0.04% (0.05).

The slide presentation for today’s press conference will be available at 6:45 a.m. 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

Lars Höglund, Head of Investor Relations
Tel: +46 (0)8 701 51 70, laho01@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 6:45 a.m. CET on 24 October 2018. 

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

Tags:

Handelsbanken Q3 2018

Subscribe

Documents & Links