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Highlights of Handelsbanken’s Annual Report January - December 2012

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Summary January – December 2012, compared with January – December 2011

  • The period’s profit after tax for total operations went up by 18 per cent to SEK 14,548 million (12,323) and earnings per share rose to SEK 23.15 (19.78)
  • Changed corporate tax in Sweden resulted in a reversal of previously booked deferred tax of SEK 1,682 million; excluding this, earnings per share rose to SEK 20.47 (19.78)
  • Operating profit increased by 6 per cent to SEK 17,564 million (16,536)
  • Operating profit rose by 47 per cent in Branch operations outside Sweden and by 2 per cent in Swedish branch operations
  • Return on equity for total operations rose to 14.7 per cent (13.5)
  • Income increased by 7 per cent to SEK 35,062 million (32,809)
  • Net interest income rose by 10 per cent to SEK 26,081 million (23,613)
  • The C/I ratio improved to 46.3 per cent (47.1)
  • The loan loss ratio was 0.08 per cent (0.05)
  • The tier 1 capital ratio according to Basel II rose to 21.0 per cent (18.4) and the core tier 1 capital ratio increased to 18.4 per cent (15.6)
  • All bonds maturing up to the end of February 2014 have been prefinanced and the Bank’s liquidity reserve exceeded SEK 750 billion
  • 29 new branches were opened in the UK bringing the total to 133
  • The Bank is acquiring UK asset manager Heartwood Wealth Group and creating a platform for growth in wealth management in the UK operations
  • The Netherlands will become a new home market with a new regional bank
  • The Board proposes a dividend of SEK 10.75 per share (9.75)

Summary of Q4 2012, compared with Q3 2012

  • The period’s profit after tax for total operations rose to SEK 4,540 million (3,246) and earnings per share increased to SEK 7.18 (5.15)
  • Operating profit decreased by 8 per cent to SEK 4,060 million (4,405)
  • Income increased by 5 per cent to SEK 8,891 million (8,466)
  • Return on equity for total operations was 17.7 per cent (13.2)
  • The loan loss ratio was 0.09 per cent (0.07)
         

The slide presentation for today’s press conference will be available at 07.00 CET at www.handelsbanken.se/ireng        

                   

For further information, please contact:
Pär Boman, President and Group Chief Executive
Tel: +46 (0)8 22 92 20

Ulf Riese, CFO
Tel: +46 (0)8 22 92 20

Mikael Hallåker, Head of Investor Relations
Tel: +46 (0)8 701 29 95, miha11@handelsbanken.se

Handelsbanken discloses the information provided herein pursuant to the Securities Markets Act. Submitted for publication on 6 February 2013, at 07.00 CET.

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

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Handelsbanken Q4 2012

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