JANUARY -
Q4 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 ofSEK -1,470m . Including this item, operating profit increased toSEK 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 11,431m (11,014). The foreign exchange effect was marginal.Adjusted for items affecting comparability and foreign exchange movements, expenses grew by 4%. Including these expenses decreased to
SEK -5,616m
(-6,738).Adjusted for items affecting comparability, and foreign exchange movements the C/I ratio was 47.3% (47.7). Including these items, the C/I ratio was 49.1% (61.2).
The credit loss ratio was 0.03% (0.00). Expected credit losses in Stage 3 totalled
SEK -145m (-28).The Board proposes a dividend of
SEK 4.10 per share, and that the existing mandate to repurchase shares is extended for a further year.
January -
- compared with January -
Operating profit, adjusted for foreign exchange movements and items affecting comparability, increased by 1%. Including these effects, profit decreased to
SEK 20,135m (21,796).Return on equity, adjusted for items affecting comparability and foreign exchange movements, was 11.0% (11.9); including these items, it was 10.0% (11.9).
Earnings per share decreased to
SEK 7.87 (8.65).The common equity tier 1 ratio increased to 20.3% (18.5).
The credit loss ratio was 0.03% (0.04).
Income, adjusted for foreign exchange movements and items affecting comparability, increased by 1%. Including foreign exchange movements, income decreased by 1% to
SEK 44,248m (44,564).The total net inflow to the Bank's mutual funds increased by 37% to
SEK 41bn (30).The proportion of Swedish net inflows that were made to the Bank's mutual funds was 46%.
The underlying cost increase, adjusted for foreign exchange movements and items affecting comparability, was 1%. Including these effects, expenses increased to SEK
-23,334m (-21,743).Adjusted for foreign exchange movements and items affecting comparability, the C/I ratio was 48.8% (48.3). Including these items, the C/I ratio was 52.7% (48.8).
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/highlights-of-handelsbanken-s-annual-report,c3278307
https://mb.cision.com/Main/3555/3278307/1367015.pdf
https://news.cision.com/handelsbanken/i/handelsbankeneng,c2873796
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