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Highlights of Handelsbanken’s Annual Report JANUARY – DECEMBER 2015

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Summary January – December 2015, compared with January – December 2014

  • Return on equity for total operations rose to 13.5% (13.4)
  • The corporate goal of higher return on equity than the average of peer banks was achieved for the 44th year running – full provision to the Oktogonen profit-sharing foundation
  • Operating profit grew by 7% to SEK 20,475m (19,212), the highest figure ever
  • The period’s profit after tax for total operations rose to SEK 16,343m (15,184)
  • Earnings per share for total operations increased by 8% to SEK 8.57 (7.96)
  • The common equity tier 1 ratio according to CRD IV increased to 21.2% (20.4) and the total capital ratio rose to 27.2% (25.6)
  • The Board proposes an increase in the ordinary dividend to SEK 4.50 per share and an extra dividend of SEK 1.50 per share
  • Moody’s upgraded Handelsbanken’s long-term credit rating to Aa2, and thus the Bank has the highest rating in Europe of all peer banks
  • Income increased by 5% to SEK 40,336m (38,314)
  • Net interest income went up by 2% to SEK 27,740m (27,244) and in the UK, net interest income increased by 31%
  • Net fee and commission income rose by 9% to SEK 9,320m (8,556)
  • The Bank was the largest player for new savings on the mutual funds market in Sweden, with a market share of 31%
  • The C/I ratio was 45.3% (45.2)
  • The loan loss ratio was 0.09% (0.10)

Summary of Q4 2015, compared with Q3 2015

  • Operating profit increased by 17% to SEK 5,533m (4,731)
  • The period’s profit after tax for total operations grew by 20% to SEK 4,501m (3,758) and earnings per share increased to SEK 2.36 (1.97)
  • Return on equity for total operations rose to 14.8% (12.7)
  • Income increased by 15% to SEK 10,909m (9,461)
  • Net interest income increased by 2% to SEK 6,971m (6,834)
  • Capital gains from the sale of shares in SCA totalled SEK 1,207m (-)
  • The C/I ratio fell to 45.0% (45.2) and the loan loss ratio was 0.10% (0.10)

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

For further information, please contact:
Frank Vang-Jensen, 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 9 February 2016, at 07.00 CET.

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

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Q4 Handelsbanken Q4 2015

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