January -
- compared with January -
- 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 Bank's mutual funds. Net inflows amounted to
SEK 25bn (-6) during the period. The managed fund volume increased by 46% toSEK 848bn (582). -
Of the total net flows in the Swedish mutual fund market, 40% was to
Handelsbanken's funds. -
The underlying increase in expenses, adjusted for Oktogonen and foreign exchange effects, was
SEK 115m , or 2%, with the entire increase and more being attributable to increased development costs. Including Oktogonen and foreign exchange effects, expenses grew by 3% toSEK -5,683m (-5,506). - The C/I ratio was 50.3% (49.3).
Q1 2021
- compared with Q4 2020
- Credit quality remains very good and credit losses consisted of net recoveries of
SEK +8m (-97). Expected credit losses in Stage 3 totalledSEK -24m (-145). -
The cost-cutting programme is proceeding according to plan, and thus far, measures corresponding to
SEK 1bn have been decided on/initiated since Q3 2020, with achieved positive effects on profit ofSEK 200m . -
Operating profit decreased by 2% to
SEK 5,612m (5,712). - Return on equity was 10.6% (10.9).
-
Earnings per share amounted to
SEK 2.21 (2.21). -
Income decreased by 1% to
SEK 11,292m (11,431). -
Expenses increased by 1% to
SEK -5,683m (-5,616). - The C/I ratio was 50.3% (49.1).
- The Bank presented measurable sustainability goals for its core business, including one specific climate goal: Net zero emissions of greenhouse gases as soon as possible, and by 2040 at the latest.
- An additional sustainability goal is that the Bank aims to reduce the wealth gap that exists today between men and women. To this end, the Bank's ambition is to create better conditions for women to achieve higher returns on their savings.
As in the fourth quarter of 2020, a provision of
The slide presentation for today's press conference will be available at
For further information, please contact:
Carina Åkerström, President and Group Chief Executive
Tel: +46 (0)8 22 92 20
Carl Cederschiöld, 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
For more information about
https://news.cision.com/handelsbanken/r/handelsbanken-s-interim-report-january---march-2021,c3329669
https://mb.cision.com/Main/3555/3329669/1404609.pdf
https://news.cision.com/handelsbanken/i/handelsbankenen,c2902463
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