Preliminary 2023 SREP decision

The Swedish Financial Supervisory Authority has informed Handelsbanken of its preliminary decision regarding the 2023 Supervisory Review and Evaluation Process (SREP).

According to the preliminary decision, Handelsbanken’s Pillar 2 requirement (P2R) will increase by approximately 0.5 percentage point for CET1 capital. The increase is mainly driven by a temporary add-on for the ongoing review of IRB-models. At the same time, the risk-weight floor for commercial real estate is transferred from P2R to Pillar 1, which will lead to an increase of the risk exposure amount (REA) while the nominal capital requirement will decrease marginally.

Furthermore according to the preliminary decision the REA-based Pillar 2 guidance (P2G) will decrease by 0.5 percentage point (from 1.0 per cent), whereas the leverage ratio-based P2G would increase by 0.05 percentage point (from 0.45 per cent).

Handelsbanken will respond to the preliminary decision, after which the Swedish FSA makes its final decision effective as of September 30 2023.

For further information, please contact:
Peter Grabe, Head of Investor Relations, +46 70 559 11 67
Viktoria Aastrup, Head of Group External Communications and Media Relations, +46 73 043 51 59

For more information about Handelsbanken, see: www.handelsbanken.com