Svenska Handelsbanken Ab Class A · OMXSTO:SHB_A
Svenska Handelsbanken Ab Class A — Q2 2026 Earnings Presentation
23 slides from Svenska Handelsbanken Ab Class A's earnings presentation, Jul 15, 2026
Slide 1: Handelsbanken January – June 2026
Handelsbanken January – June 2026 15 July 2026
Slide 2: Q2 2026
Q2 2026 • SEK 6.7bn in operating profit • 12.8% ROE • Business growth, in particular in the UK and the Netherlands • Stable NII and expenses • Continued strong development of the savings business • Solid asset quality • Robust financial position • SEK 4.77 per share in anticipated dividends for Jan-
Slide 3: Stable value creation in stable markets
Stable value creation in stable markets Norway: 32 branches Sweden: UK: 206 branches 137 branches The Netherlands: 26 branches Growth in shareholders’ equity Geographical footprint Including dividends* SEK/share 250 • Stable democracies with large economies 225 • Stable legal systems 200 • Stable po
Slide 4: Business growth in home markets
Business growth* in home markets Q2 2025 – Q2 2026 Sweden UK Norway The Netherlands 75% of operating profit in home markets 13% of operating profit in home markets 9% of operating profit in home markets 3% of operating profit in home markets SEK bn GBP bn NOK bn EUR bn 1,800 25 350 12 +0% -5% 1,600
Slide 5: Financial summary: Q2 2026 compared to previous quarter
Financial summary Q2 2026 compared to previous quarter Key ratios: Adjusted for items affecting 44.3% SEK m Q2 2026 Q1 2026 Change comparability* C/I-ratio Net interest income 10 008 10 016 0% -1% Net fee and commission income 3 135 3 073 2% 2% 0.00% NFT 116 547 -79% -79% Net credit loss ratio Other
Slide 6: Financial summary: Jan-June 2026 compared to previous year
Financial summary Jan-June 2026 compared to previous year Key ratios: Adjusted for Jan-Jun Jan-Jun items affecting 41.8% SEK m 2026 2025 Change comparability* C/I-ratio Net interest income 20 024 22 324 -10% -9% Net fee and commission income 6 208 5 777 7% 8% 0.01% NFT 663 437 52% 52% Net credit los
Slide 7: Net interest income
Net interest income Q2 2026 compared to previous quarter NII change: 0% SEK m 10,200 10,100 90 Contribution from: 10,000 -5 -249 114 Volumes: +0.9%-points 9,900 42 9,800 Margins and 10,016 10,008 9,700 funding: -2.5%-points 9,600 Currency effects 9,500 Q1 2026 Volume in home Margins and Day count Fo
Slide 8: Net fee and commission income
Net fee and commission income SEK m 3,200 +9% 3,100 3,000 2,900 2,800 3,135 2,700 2,873 2,600 2,500 2,400 Q225 Q325 Q425 Q126 Q226 Savings related* (68% of net fee and commissions) Other (32%) SEK m SEK m 2,500 2,500 +14% 2,000 2,000 1,500 1,500 2,166 +0% 1,000 1,904 1,000 500 500 969 969 0 0 Q225 Q
Slide 9: Growth in Swedish savings business
Growth in Swedish savings business Net inflows in the Swedish mutual fund market, accumulated 350 Handelsbanken SEK +318bn Net inflows: 300 2016-2026: 27% market share 250 Jan-June 2026: 46% market share 200 150 100 Main peers* Outstanding mutual fund volumes: 50 12% market share 0 -50 2016 2017 201
Slide 10: Stable cost base despite underlying inflation
Stable cost base despite underlying inflation Expenses SEK m -4,000 -0% -3,695 -3,500 -3,000 -2,500 -2,000 -2% -1,756 -1,500 -1,000 -9% -464 -500 -68% -48 0 500 Q225 Q325 Q425 Q126 Q226 Q225 Q325 Q425 Q126 Q226 Q225 Q325 Q425 Q126 Q226 Q225 Q325 Q425 Q126 Q226 Staff costs, Other expenses Depreciatio
Slide 11: Net credit losses
Net credit losses Credit loss ratio 1997 – 2025 Credit losses Q2 2025 – Q2 2026 SEK m Credit loss ratio 1.2% -1,200 1.2% Handelsbanken Comparable Nordic banks* 1.0% -1,000 1.0% 0.8% -800 0.8% 0.6% -600 0.6% 0.4% -400 0.4% 0.2% -200 0.2% 0.0% 0 0.0% -0.02% 0.00% 0.01% 0.01% 0.00% -0.2% 200 -0.2% -0.4
Slide 12: Strong financial position
Strong financial position CET1 ratio, Q2 2026 SEK bn 180 22% 20% Solid asset quality 160 17.2% 18% Long term target Low funding and liquidity risk 140 range: 14.7% 16% 15.7 – 17.7% 120 14% Strong liquidity buffer 100 12% Anticipated dividend of SEK 4,77 per 80 10% share for the first half of
Slide 13: In sum
In sum • SEK 6.7bn in operating profit • 12.8% ROE • Growth in lending, deposit and assets under management • Stable NII and expenses, and growing fee and commissions • Strong asset quality • Solid financial position 13
Slide 14: Appendix
Appendix Handelsbanken
Slide 15: Safety and stability – over cycles
Safety and stability – over cycles BCA, Stand-Alone Credit Profile & Viability Rating Net credit loss ratio 2006-2025%* Moody's S&P Fitch 0.50 Handelsbanken a1 a+ aa 0.40 0.40 DNB a2 a+ Nordea a2 a+ aa- 0.30 0.20 SEB a2 a+ aa- 0.20 0.14 0.15 0.15 Swedbank a2 a aa- 0.10 0.06 Danske Bank a3 a a+ 0.00
Slide 16: Customer satisfaction 2025
Customer satisfaction 2025 Private customers Corporate customers Customer satisfaction level Customer satisfaction level 100 100 86.5 79.1 82.1 76.1 77.3 80 80 67.8 67.1 70.1 67.2 67.2 68.9 66.4 65.2 65.7 65.7 64.2 60 60 40 40 20 20 0 0 Sweden UK Norway Netherlands Sweden UK Norway Netherlands Hande
Slide 17: Income statement: compared to previous quarter
Income statement Compared to previous quarter Key ratios: 44.3% C/I-ratio SEK m Q2 2026 Q1 2026 Change Net interest income 10,008 10,016 0% Net fee and commission income Net gains/losses on financial transactions 3,135 116 3,073 547 2% -79% 0.00% Other income Total income 198 13,456 1,141 14,778 -83
Slide 18: Income statement: compared to previous year
Income statement Compared to previous year Key ratios: 41.8% Jan-Jun Jan-Jun C/I-ratio SEK m 2026 2025 Change Net interest income 20,024 22,324 -10% Net fee and commission income Net gains/losses on financial transactions 6,208 663 5,777 437 7% 52% 0.01% Other income Total income 1,339 28,234 170 28
Slide 19: Change in NII from previous quarter
Change in NII from previous quarter Net interest income Q1 2026, SEK m 10 016 Deposit volume 43 Lending volume 1 Net effect margins and funding costs -122 Day count effect 48 Deposit guarantee fee 1 Other 20 Sweden -9 -0,1% Deposit volume 20 Lending volume 26 Net effect of margins and funding costs
Slide 20: NFT
NFT NFT Customer driven NFT Home markets* and Markets SEK m SEK m 1,200 700 1,147 Other, incl realisations 1,087 1,000 Funding and liquidity 600 800 management 750 676 600 602 626 573 547 Markets CVA/DVA 500 570 579 580 534 535 501 400 429 395420 393 341 Home markets + Markets 400 Home markets 200 1
Slide 21: Asset quality
Asset quality • Rating migrations SEK -22m • Better quality on new loans compared to exits SEK 2m • Other (incl. effects from loan durations and migrations to stage 3) SEK 12m Expected credit losses Credit losses Credit losses, net Stage 3, net SEK m SEK m SEK m -100 -100 Updated 0 macro assumptions
Slide 22: Change in CET1-ratio from previous quarter
Change in CET1-ratio from previous quarter CET1-ratio REA % SEK bn 19.5 830 820 19.0 2 3 4 2 810 2 18.5 1 3 5 800 18.0 0.1 790 17.5 0.6 0.5 780 812 802 17.0 770 17.2 17.2 16.5 760 16.0 750 Q1 2026 Earnings for the period Volume development Anticipated dividends Q2 2026 Q1 2026 Volume Portfolio Credi
Slide 23: Disclaimer
Disclaimer • Certain statements made in this presentation are forward looking statements. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results and performance to differ materially from any expected future results or
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