Handelsbanken's interim report January - June 2010
Summary January - June 2010, compared with January - June 2009
* Profit after tax for total operations increased to SEKÂ 5,426 million (5,294)
and earnings per share amounted to SEKÂ 8.73 (8.49)
* Tier 1 capital increased to SEK 86.6 billion (83.2) and the Tier 1 ratio
according to Basel II went up to 14.8 percent (12.6)
* Return on equity for total operations was 12.8 percent (13.1)
* Operating profit for continuing operations increased to SEK 7,331 million
(7,251)
* Income decreased to SEK 15,662 million (16,606) and expenses fell to SEK
-7,411 million (-7,520)
* During the first half of the year, the Bank refinanced a bond volume of SEK
170 billion corresponding to all maturing bonds up to February 2011 and the
liquidity reserve exceeded SEK 550 billion
* Net interest income went down to SEKÂ 10,398 million (11,031)
* The average volume of lending decreased by 2 percent and household deposits
in Sweden grew by 4 percent
* Net fee and commission income went up by 10 percent to SEK 3,971 million
(3,595)
* The loan loss ratio decreased to 0.12 percent (0.23), with loan losses
amounting to SEK -920 million (-1,835)
Summary of Q2 2010, compared with Q1 2010
* Profit after tax for total operations went down to SEKÂ 2,573 million (2,853)
and earnings per share amounted to SEKÂ 4.14 (4.59)
* Operating profit for continuing operations decreased to SEK 3,539 million
(3,792)
* Income decreased to SEK 7,653 million (8,009) and expenses increased to SEK
-3,745 million (-3,666)
* Loan losses went down to SEK -369 million (-551), and the loan loss ratio
dropped to 0.09 percent (0.14)
* Return on equity for total operations was 12.0 percent (13.5)
* The average lending volume increased by SEK 18 billion and the volume of
credit commitments by SEK 13 billion
For further information, please contact:
Pär Boman, President and Group Chief Executive
phone +46 8 22 92 20
Ulf Riese, CFO
phone: +46 8 22 92 20
Mikael Hallåker, Head of Investor Relations
phone: +46 8-701 29 95,miha11@handelsbanken.se
[HUG#1432634]
Handelsbanken’s interim report January – June 2010: http://hugin.info/1225/R/1432634/378682.pdf
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Source: Handelsbanken via Thomson Reuters ONE
