Highlights of Handelsbanken’s Annual Report january – december 2019

Summary January - December 2019, compared with January - December 2018

  • Operating profit went down by 1% to SEK 21,796m (22,013). Adjusted for foreign exchange effects, non-recurring items and special items, operating profit grew by SEK 55m.
  • Return on equity went down to 11.9% (12.8).
  • Income climbed by 2% to SEK 44,564m (43,770). Adjusted for foreign exchange effects and non-recurring items, income increased by 3%.
  • Expenses rose by 4% to SEK -21,743m (-20,890). Adjusted for foreign exchange effects, non-recurring items and special items, expenses increased by 5%.
  • The C/I ratio rose to 48.8% (47.7). Adjusted for foreign exchange effects, non-recurring items and special items, the C/I ratio was 48.3% (47.3).
  • The credit loss ratio was 0.04% (0.04).
  • The common equity tier 1 ratio increased to 18.5% (16.8).
  • The Board proposes a dividend of SEK 5,50 per share (5,50), and that the existing mandate to repurchase shares is extended for a further year.

Summary of Q4 2019, compared with Q3 2019

  • Operating profit went up by 23% to SEK 5,695m (4,641). Adjusted for foreign exchange effects and non-recurring items during the comparison quarter, operating profit rose by 2%.
  • Return on equity increased to 11.8% (10.0).
  • Income grew by 2% to SEK 11,376m (11,113). Adjusted for foreign exchange effects, the increase was 2%.
  • Expenses fell by 12% to SEK -5,554m (-6,282). Adjusted for foreign exchange effects and non-recurring items during the comparison quarter, expenses increased by 3%.
  • The C/I ratio was 48.8% (56.5).
  • The credit loss ratio was 0.01% (0.03).

The slide presentation for today’s press conference will be available at 7:00 a.m. CET at handelsbanken.com/ir

For further information, please contact:
Carina Åkerström, 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 7:00 a.m. CET on 5 February 2020.

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

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