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HandelsbankenKungsträdgårdsgatan 2 106 70 StockholmSwedenwww.handelsbanken.com

Contacts

  • Viktoria Aastrup

    Head of Group External Communications


    0046 73 043 51 59
    https://www.handelsbanken.com/en/
  • Joel Holm

    Press Officer


    0046 73 058 30 21
    http://handelsbanken.com
  • Maria Lindblad

    Press Officer


    0046 70 291 90 06
    http://handelsbanken.com
  • John Zanchi

    Press Officer


    0046 73 064 31 59
    http://handelsbanken.com
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    Bet on a tough year – again

    After a lost year for Swedish growth, the risk is now increasing that companies will hold off on new recruitment, further worsening the economic dip. The slow easing of inflation suggests that it might be next summer before the Riksbank lowers the policy rate, according to Handelsbanken’s latest Global Macro Forecast. “Although we are not expecting consumption to fall off a cliff, there are nonetheless several uncertainties”, says Christina Nyman, Handelsbanken’s Chief Economist.  Global inflation is stubbornly holding on and there remains significant geopolitical uncertainty due to

    Handelsbanken’s interim report January – March 2023

    January – March 2023 · Good capital situation and liquidity position create long-term stability · 57% increase to underlying profit compared with previous year · Income climbing and costs well under control · Improved C/I ratio together with intensified investment rate in growth initiatives and profitability-generating IT development and business development · Good credit quality with a credit loss ratio of 0.01% · 15.0% return on equity  * Items affecting comparability: Funding costs related to discontinued operations in Finland (net interest income) SEK -

    Adjustment of comparative figures due to IFRS 17

    As of the 2023 financial year, Handelsbanken applies IFRS 17 Insurance Contracts in the consolidated accounts. The new accounting standard introduces a change in how insurance contracts are classified, measured and reported.   Handelsbanken’s reporting will implement this change starting with the interim report for January – March 2023, which will be published on 26 April 2023.   As previously communicated, the quantitative transitional effect amounted to approximately SEK -3bn after tax, which entailed an increase in the balance sheet item Insurance liabilities and reduced the

    Handelsbanken publishes its Annual and Sustainability Report and annual reports for 2022

    “No matter how things evolve in the world around us, we are always able to do the business that we, and our customers, want. Our very strong finances give us, among other things, higher ratings, compared to our competitors. And, perhaps most significantly: greater freedom to do more business”, says Carina Åkerström, President and Group Chief Executive Officer Handelsbanken. Read more in Handelsbanken's Annual and Sustainability Report . Today Handelsbanken has also published its Sustainability Fact book, Climate change progress report

    Annual General Meeting of Handelsbanken’s shareholders, 22 March 2023

    Svenska Handelsbanken AB (publ) invites its shareholders to attend the annual general meeting at 9.30 a.m. on Wednesday, 22 March 2023 in Victoriahallen at the Stockholmsmässan exhibition facility, Mässvägen 1, Älvsjö, Sweden. The agenda includes the Board’s proposal for an ordinary dividend of SEK 5.50 per share and an extra dividend of SEK 2.50 per share. The nomination committee proposes re-election of the following members of the Board: Mr Jon Fredrik Baksaas, Ms Hélène Barnekow, Ms Stina Bergfors, Mr Hans Biörck, Mr Pär Boman, Ms Kerstin Hessius, Mr Fredrik Lundberg, Mr Ulf Riese,

    Handelsbanken’s Highlights of the Annual Report January – December 2022

    JANUARY – DECEMBER 2022- COMPARED WITH JANUARY – DECEMBER 2021 · Operating profit increased by 13% to SEK 26,619m (23,475). · Return on equity increased to 12.5% (11.8). · Income grew by 13% to SEK 50,249m (44,277). · Net interest income increased by 21% to SEK 36,610m (30,321) due to higher business volumes and recovered interest margins. · Adjusted for items affecting comparability*, expenses increased by 3%. The increase can be explained by increased IT investments and business development aimed at improving efficiency and business growth. Reported expenses climbed by

    Record inflation and a free-falling krona eroding Swedish purchasing power

    Count on tightening the purse strings even further in 2023. The falling krona is pushing inflation to record highs and eroding Swedish purchasing power.“High inflation this year will represent a loss of around SEK 35,000 in purchasing power for the average household”, says Handelsbanken’s Chief Economist, Christina Nyman.According to Handelsbanken’s macroeconomic forecasts, the Riksbank will continue raising the policy rate, and Swedish purchasing power will start to rise again in 2024 at the earliest when inflation starts to slow down.“Unfortunately, there is no pain-free solution, and

    Handelsbanken’s Interim Report January – September 2022

    Q3 2022- COMPARED WITH Q2 2022 · Operating profit increased by 39% to SEK 7,277m (5,246). · Return on equity increased to 13.2% (9.9). · Income grew by 17% to SEK 12,897m (11,040). · Net interest income increased by 14% to SEK 9,578m (8,389) to its highest ever level. · Expenses decreased by 1% to SEK -5,121m (-5,148). · The C/I ratio improved to 39.7% (46.6). · The credit loss ratio was -0.01% (0.01). · The common equity tier 1 ratio increased to 19.0% (18.7). JANUARY – SEPTEMBER 2022- COMPARED WITH JANUARY – SEPTEMBER 2021 · Operating profit increased

    Handelsbanken: Then will the economy pick up

    Record-high inflation and soaring interest rates are already hitting households and companies hard. And despite fiscal initiatives, things will get worse, before they get better, says Handelsbanken’s Chief Economist, Christina Nyman. “We do not expect the economy to start recovering until the end of 2024, once inflation has fallen back and household purchasing power starts to improve.”   Economic activity is slowing down globally, and Handelsbanken’s analysts expect to see major economies enter a mild recession next year, with unemployment set to rise as a result. Looking at the US,

    Handelsbanken’s interim report January – June 2022

    JANUARY – JUNE 2022- COMPARED WITH JANUARY – JUNE 2021 · Operating profit increased by 2% adjusted for items affecting comparability* and the effects linked to the introduction of the Swedish risk tax in 2022. Reported operating profit increased by 8% to SEK 11,832m (10,979). · Return on equity increased to 11.7% (11.1). · Income increased by 2% adjusted for items affecting comparability*, which was attributable to higher net interest income and fee and commission income. Reported income increased by 9%. · Expenses increased by 1% adjusted for items affecting comparability*,

    Handelsbanken’s interim report January – March 2022

    JANUARY – MARCH 2022- COMPARED WITH JANUARY – MARCH 2021 · Profit for the period increased by 29% to SEK 5,650m (4,381). Profit for the period from continuing operations increased by 29% to SEK 5,344m (4,155). · Earnings per share were SEK 2.85 (2.21). · Operating profit increased by 24% to SEK 6,586m (5,307). Adjusted for items affecting comparability*, operating profit was essentially unchanged. · Return on equity increased to 13.4% (10.6). · Income increased by 17%. Adjusted for items affecting comparability*, the increase was 5% and was attributable to higher net

    Handelsbanken publishes its Annual and Sustainability Report for 2021 today

    Handelsbanken's Annual and Sustainability Report and Sustainability Fact book for 2021 have now been published and are available on the Bank's website at handelsbanken.com.  For further information please contact: Peter Grabe, Head of Investor Relations, +46 70 559 11 67Lars Kenneth Dahlqvist, Investor Relations, + 46 70 566 41 09 Catharina Belfrage Sahlstrand, Chief Sustainability and Climate Officer, +46 8 701 10 00Viktoria Aastrup, Head of Group Media Relations, +46 73 043 51 59  This information is of the type that Handelsbanken is obliged to make public pursuant to

    Handelsbanken publishes its publication "Risk and Capital - Information according to Pillar 3" for 2021

    Handelsbanken's publication "Risk and Capital Management - Information according to Pillar 3" for 2021 has now been published on the Bank's website at handelsbanken.com/ir. The publication provides information about risks, risk management and capital adequacy in accordance with Pillar 3 of the capital adequacy regulations as stipulated in Regulation (EU) No 575/2013, Directive 2013/36/EU and the Swedish Financial Supervisory Authority's regulation FFFS 2014:12.For further information please contact:Peter Grabe, Head of Investor Relations, +46 70 559 11 67Maria Hedin, Chief Risk

    Annual General Meeting of Handelsbanken’s shareholders, 23 March 2022

    Svenska Handelsbanken AB (publ) gives notice of the Annual General Meeting on Wednesday, 23 March 2022. The Bank’s Board has decided for the Annual General Meeting (AGM) to take place in accordance with the Act on temporary exceptions to facilitate the execution of general meetings in companies and other associations, which is expected to enter into force on 1 March 2022. The AGM will take place without the physical presence of shareholders, representatives and third parties, and shareholders will have the opportunity to exercise their voting rights only through advance voting (postal

    Highlights of Handelsbanken’s Annual Report

    External income and expenses in the operations in Denmark and Finland that are to be divested are recognised as profit/loss from discontinued operations. Unless otherwise stated, descriptions in this highlights report refer to continuing operations. A presentation of the income statement according to previous reporting standards can be found of page 29 of the Fact Book.JANUARY – DECEMBER 2021 January – December 2021- compared with January – December 2020 · Profit for the year increased by 25% to SEK 19,543m (15,588). Profit for the year from continuing operations increased by 29%

    Handelsbanken: Job growth to overcome COVID-19

    We expect new restrictions and stubborn bottleneck problems to result in weaker economic growth in Sweden in the near future, but under the surface, both the economy and job growth are showing positive trends."Companies are preparing for demand to stay at a high level and are bolstering both their investments and their workforces,” says Handelsbanken’s Chief Economist, Christina Nyman.Households’ purses are looking a touch barren at the moment, mainly as a result of high energy prices, which have driven inflation up to its highest level since the early 1990s. However, in contrast to the

    Handelsbanken convenes an Extraordinary General Meeting and proposes extra dividend

    The Board of Directors of Handelsbanken intends to shortly convene an Extraordinary General Meeting to be held on 21 October 2021. The Board of Directors proposes an extra dividend of shares in Industrivärden corresponding, as of today, to a value of approximately SEK 8.7 billion, or SEK 4.42 per share in Handelsbanken.· For many years, Handelsbanken’s business model has generated stable earnings and capital growth. This development has continued during the pandemic and the Bank’s capitalisation is, as of today, well above the Bank’s target ratio level. · As a result of the Bank’s good

    Handelsbanken’s Interim Report January – June 2021

    January – June 2021- compared with January – June 2020 ·Operating profit increased by 14% to SEK 11,600m (10,196). Adjusted for foreign exchange effects and the year’s provision for Oktogonen, operating profit increased by 17%. ·Return on equity increased to 11.1% (10.3). ·Earnings per share increased by 15% to SEK 4.60 (3.99). ·The common equity tier 1 ratio increased to 20.5% (18.7). ·The credit loss ratio was 0.00% (0.04). ·Income grew by 5% to SEK 22,894m (21,803). Adjusted for foreign exchange effects, income increased by 6%. ·

    Handelsbanken’s Interim Report January – March 2021

    January – March 2021- compared with January – March 2020 · Operating profit increased by 9% to SEK 5,612m (5,142). Adjusted for foreign exchange effects and the year’s provision for Oktogonen, operating profit increased by 15%. · Return on equity inreased to 10.6% (10.3). · Earnings per share increased to SEK 2.21 (1.99). · The common equity tier 1 ratio increased to 20.2% (17.6). · The credit loss ratio was 0.01% (0.08). · Income increased by 1% to SEK 11,292m (11,178). Adjusted for foreign exchange effects, income increased by 3%. · Continued large inflows to the

    Handelsbanken publishes its Annual Report and Sustainability Report for 2020 today

    Handelsbanken's Annual and Sustainability Report and Sustainability Fact book for 2020 are today available on the Bank's website at handelsbanken.com/ir. Handelsbanken is also launching measurable sustainability goals for the core business areas – financing, investments and advisory services. A climate target for net zero emissions is also established, to be achieved as soon as possible, but no later than 2040. The climate target includes both our own operations, as well as lending, leasing and investments.   For further information please contact: Lars Höglund, Head of Investor

    Handelsbanken publishes its publication "Risk and Capital - Information according to Pillar 3" for 2020 today

    Handelsbanken's publication "Risk and Capital Management - Information according to Pillar 3" for 2020 is available on the Bank's website at handelsbanken.com/ir during the day. The publication provides information about risks, risk management and capital adequacy in accordance with Pillar 3 of the capital adequacy regulations as stipulated in Regulation (EU) No 575/2013, Directive 2013/36/EU and the Swedish Financial Supervisory Authority's regulation FFFS 2014:12.    For further information please contact:Lars Höglund, Head of Investor Relations, +46 8 701 51 70Maria Hedin,

    Annual general meeting of Handelsbanken’s shareholders 24 March 2021

    Svenska Handelsbanken AB (publ) gives notice of the annual general meeting on Wednesday, 24 March 2021. In accordance with the Act (2020:198) on temporary exceptions to facilitate the execution of general meetings in companies and other associations the Board of Directors has, in order to counteract the spread of the virus that causes covid-19, decided that the Annual General Meeting should be conducted without the physical presence of shareholders, representatives or third parties and that the shareholders before the meeting should be able to exercise their voting rights by post. The

    Highlights of Handelsbanken’s Annual Report

    JANUARY – DECEMBER 2020Q4 2020- compared with Q3 2020 ·Operating profit, adjusted for foreign exchange movements and items affecting comparability, increased by 4%. ·A provision of SEK -213m was made for the Oktogonen profit-sharing scheme in the quarter. Profit during the previous quarter was impacted by a provision for a restructuring reserve of SEK -1,470m. Including this item, operating profit increased to SEK 5,712m (4,227). ·Return on equity increased to 10.9% (8.4). ·Earnings per share increased to SEK 2.21 (1.68). ·Income climbed by 4% to SEK

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