Handelsbanken's interim report January - March 2011
(Thomson Reuters ONE) -
Summary January - March 2011, compared with January - March 2010
* Operating profit for continuing operations rose 4 per cent to SEK 3,930
million (3,792)
* Profit after tax for total operations went up by 3 per cent to SEK 2,932
million (2,853) and earnings per share increased by 3 per cent to SEK 4.71
(4.59)
* Return on equity for total operations was 13.2 per cent (13.5)
* Income went down to SEK 7,938 million (8,009)
* Net interest income rose by 4 per cent to SEK 5,507 million (5,316) and by
7 per cent excluding exchange rate effects
* Net fee and commission income was down by 2 per cent to SEK 1,944 million
(1,983)
* The loan loss ratio was less than half at 0.06 per cent (0.14) and loan
losses were SEK -244 million (-551)
* Tier 1 capital increased to SEK 88.8 billion (86.0) and the Tier 1 ratio
according to Basel II went up to 17.2 per cent (14.6)
* Total government fees rose to SEK -243 million (-161). The fee to the
stabilisation fund doubled
* The average volume of loans to the public climbed by 2 per cent
Summary of Q1 2011, compared with Q4 2010
* Operating profit for continuing operations went up by 3 per cent to SEK
3,930 million (3,833)
* Profit after tax for total operations grew by 1 per cent to SEK 2,932
million (2,892) and earnings per share increased by 1 per cent to SEK 4.71
(4.65)
* Return on equity for total operations was 13.2 per cent (13.4)
* Income decreased by 2 per cent to SEK 7,938 million (8,128)
* Net interest income declined by 2 per cent to SEK 5,507 million (5,612)
* Net fee and commission income fell by 9 per cent to SEK 1,944 million
(2,127)
* The average volume of lending grew by 1 per cent to SEK 1,486 billion
(1,475), while the average volume of deposits increased by 10 per cent to
SEK 595 billion (541)
* The Bank continued its refunding ahead of time and all bonds maturing until
April 2012 have now been refinanced
* The liquidity reserve grew to more than SEK 600 billion
The slide presentation for today's press conference will be available at 08.00
CET at www.handelsbanken.se/ireng
For further information, please contact:
Pär Boman, President and Group Chief Executive
Tel: +46 (0)8 22 92 20
Ulf Riese, CFO
Tel: +46 (0)8 22 92 20
Mikael Hallåker, Head of Investor Relations
Tel: +46 (0)8 701 29 95,miha11(at)handelsbanken.se
For more information about Handelsbanken, please go to: www.handelsbanken.com
Press release PDF:
http://hugin.info/1225/R/1509289/444119.pdf
Handelsbankens interim report January - March 2011:
http://hugin.info/1225/R/1509289/444121.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Handelsbanken via Thomson Reuters ONE
[HUG#1509289]
Unternehmensinformation / Kurzprofil:
Datum: 27.04.2011 - 07:31 Uhr
Sprache: Deutsch
News-ID 53893
Anzahl Zeichen: 3583
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
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"Handelsbanken's interim report January - March 2011"
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