Highlights of Handelsbanken's annual report 2009
Summary January-December 2009, compared with January-December 2008
Operating profit went down to SEK 13,727 million (15,326)
Profit before loan losses grew by 3 percent to SEK 17,115 million (16,661)
The loan loss ratio rose to 0.21 percent (0.11) and loan losses were SEK -3,392 million (-1,605)
Return on shareholders' equity for total operations was 12.6 percent (16.2)
Income increased by 8 percent to SEK 32,335 million (29,890)
For the first time ever, income in Great Britain exceeded SEK 1 billion
Net interest income rose by 14 percent to SEK 22,000 million (19,223)
The average loan volume increased by 8 percent and household deposits rose by 16 percent
Net fee and commission income went up by 9 percent to SEK 7,393 million (6,795)
The capital base amounted to SEK 121.8 billion and the capital ratio according to Basel II increased to 20.2 percent (16.0)
Tier 1 capital went up by SEK 9.7 billion to 85.6 billion and the Tier 1 ratio according to Basel II increased to 14.2 percent (10.5)
Profit after tax for total operations amounted to SEK 10,244 million (12,131), and earnings per share were SEK 16.44 (19.46)
The board proposes a dividend of SEK 8.00 per share (7.00)
Summary of Q4 2009, compared with Q3 2009
Profit after tax for total operations increased to SEK 2,516 million (2,434), while operating profit decreased to SEK 3,221 million (3,255)
Income rose to SEK 7,967 million (7,762)
Loan losses went down to SEK -691 million (-866), and the loan loss ratio fell to 0.18 percent (0.22)
Net impaired loans decreased to SEK 3,235 million (3,710), equivalent to 0.21 percent (0.24) of loans
Return on shareholders' equity for total operations increased to 12.2 percent (12.0)
For further information, please contact:
Pär Boman, President and group chief executive
phone +46 8-22 92 20
Ulf Riese, CFO
phone +46 8-22 92 20
Mikael Hallåker, Head of investor relations
phone +46 8-701 29 95, miha11@handelsbanken.se