Handelsbanken: Handelsbanken’s Interim Report January – June 2016

STOCKHOLM--()--Regulatory News:

Summary January – June 2016, compared with January – June 2015

  • Operating profit amounted to SEK 10,244m (10,211)
  • The period’s profit after tax for total operations went up by 2% to SEK 8,237m (8,084)
  • Earnings per share for total operations grew to SEK 4.31 (4.24)
  • Return on equity for total operations was 13.7% (13.5)
  • Income increased by 1% to SEK 20,165m (19,966)
  • Net interest income went down by 2% to SEK 13,603m (13,935)
  • The loan loss ratio decreased to 0.04% (0.07)
  • The common equity tier 1 ratio increased to 23.0% (21.3) and the total capital ratio was 28.9% (28.4)
  • Fitch upgraded the Bank’s long-term credit rating to AA, the highest rating among all peer banks

Summary of Q2 2016, compared with Q1 2016

  • Operating profit rose by 6% to SEK 5,277m (4,967)
  • The period’s profit after tax for total operations increased by 4% to SEK 4,194m (4,043) and earnings per share were SEK 2.19 (2.12)
  • Return on equity for total operations rose to 14.2% (13.1)
  • Income fell by 3% to SEK 9,922m (10,243), but adjusted for items affecting comparability, it increased by 2%
  • Net interest income increased to SEK 6,808m (6,795)
  • Net fee and commission income rose by 5% to SEK 2,280m (2,170)
  • Adjusted for items affecting comparability, staff costs decreased by 1%
  • The loan loss ratio was 0.05% (0.04)

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

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 07.00 CET on 15 July 2016.

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

This information was brought to you by Cision http://news.cision.com

Contacts

For Handelsbanken:
Frank Vang-Jensen, +46 (0)8 22 92 20
President and Group Chief Executiveo
or
Ulf Riese, +46 (0)8 22 92 20
CFO
or
Mikael Hallåker, +46 (0)8 701 29 95
Head of Investor Relations
miha11@handelsbanken.se

Contacts

For Handelsbanken:
Frank Vang-Jensen, +46 (0)8 22 92 20
President and Group Chief Executiveo
or
Ulf Riese, +46 (0)8 22 92 20
CFO
or
Mikael Hallåker, +46 (0)8 701 29 95
Head of Investor Relations
miha11@handelsbanken.se