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Regulatory press release

Handelsbanken's Interim Report January - September 2022

Handelsbanken
Download the release

Q3 2022
- COMPARED WITH Q2 2022

  • Operating profit increased by 39% to SEK 7,277m (5,246).
  • Return on equity increased to 13.2% (9.9).
  • Income grew by 17% to SEK 12,897m (11,040).
  • Net interest income increased by 14% to SEK 9,578m (8,389) to its highest ever level.
  • Expenses decreased by 1% to SEK -5,121m (-5,148).
  • The C/I ratio improved to 39.7% (46.6).
  • The credit loss ratio was -0.01% (0.01).
  • The common equity tier 1 ratio increased to 19.0% (18.7).
JANUARY - SEPTEMBER 2022
- COMPARED WITH JANUARY - SEPTEMBER 2021
  • Operating profit increased by 12% to SEK 19,109m (17,106). Adjusted for items affecting comparability* and the impact of the Swedish risk tax introduced at the start of the year, operating profit increased by 11%.
  • Return on equity increased to 12.2% (11.5).
  • Income increased by 12%. Adjusted for items affecting comparability*, income increased by 7%.
  • The Net interest income increased by 15% due to higher business volumes and recovered interest rate margins.
  • Expenses rose by 5%. Adjusted for items affecting comparability*, expenses increased by 2%, which was entirely attributable to increased development investments focusing on efficiency improvements and business growth.
  • The C/I ratio improved to 42.6% (45.1).
  • The credit loss ratio was 0.00% (0.00).
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* Foreign exchange effects and other items affecting comparability, consisting of:
Q3 2022:     Special item: SEK -61m Oktogonen (staff costs). 
Q2 2022:     Special item: SEK -50m Oktogonen (staff costs).
Q1 2022:     Non-recurring item: SEK 1,059m sales of real estate (other income). Special item: SEK -87m Oktogonen (staff costs).
Q3 2021:     Special item: SEK +263m Reversal of previous provision for Oktogonen (staff costs)
Q2 2021:     Special item: SEK -34m Oktogonen (staff costs).
Q1 2021:     Special item: SEK -213m Oktogonen (staff costs).

The slide presentation for today's press conference will be available at 07:00 a.m. CET at handelsbanken.com/ir

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

Peter Grabe, Head of Investor Relations
Tel: +46 (0)8 701 11 67, peter.grabe@handelsbanken.se

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 a.m. CET on 19 October 2022.
For more information about Handelsbanken, please go to: handelsbanken.com

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