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Svenska Handelsbanken reports better results than last year

Wednesday, 17 July 2013
Svenska Handelsbanken reported a EBIT of Skr4.723 million for the second quarter of 2013, which is better than last year's Skr 4,412 million in the same period.
Analysts had, according to Reuters, on average, expected a profit of Skr 4.454 million.

Handelsbanken’s Interim Report - JANUARY – JUNE 2013

Summary January – June 2013, compared with January – June 2012

Summary of Q2 2013, compared with Q1 2013

The period’s profit after tax for total operations went up by 9 per cent to Skr 7,161 million (6,594), while earnings per share increased to Skr 11.29 (10.54)
Operating profit increased by 2 per cent to Skr 9,059 million (8,871)
Return on equity for total operations was 14.2 per cent (14.3)
Income rose by 2 per cent to Skr 18,040 million (17,705)
Net interest income was Skr 13,214 million (13,135)
The C/I ratio was 46.5 per cent (46.6)
The loan loss ratio was 0.07 per cent (0.07)
The core tier 1 ratio according to Basel II increased to 18.2 per cent (16.1), while the core tier 1 ratio according to Basel III was 17.8 per cent
The Bank’s liquidity reserve exceeded Skr 750 billion

The period’s profit after tax for total operations went up by 7 per cent to Skr 3,695 million (3,466), while earnings per share increased to Skr 5.82 (5.47)
Operating profit increased by 9 per cent to Skr 4,723 million (4,336)
Return on equity for total operations rose to 15.1 per cent (13.8)
Income increased by 5 per cent to Skr 9,240 million (8,800)
Expenses rose by 1 per cent to Skr -4,215 million (-4,182)
The loan loss ratio was 0.07 per cent (0.06)

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