Svenska Handelsbanken Ab Class A · OMXSTO:SHB_A
Svenska Handelsbanken Ab Class A — Q2 2025 Earnings Presentation
19 slides from Svenska Handelsbanken Ab Class A's earnings presentation, Jul 16, 2025
Slide 1: Handelsbanken January – June 2025
Handelsbanken January – June 2025 16 July 2025
Slide 2: Q2 2025 Operating profit
Q2 2025 Operating profit SEK bn 10 8.8 8.5 9 8 7.2 7 5.7 6 5.3 5 4 • SEK 7.2bn in operating profit 3 2 1 • 13% ROE 0 Q2 2021 Q2 2022 Q2 2023 Q2 2024 Q2 2025 • Volume growth in all home markets • 44% C/I ratio • 6th consecutive quarter with net credit loss reversals • Low funding and liquidity risks
Slide 3: Financial summary: Q2 2025 compared to previous quarter
Financial summary Q2 2025 compared to previous quarter Key ratios: Adjusted for 44% items affecting C/I-ratio SEK m Q2 2025 Q1 2025 Change comparability* Net interest income 10,689 11,347 -6% -4% Net fee and commission income 2,866 2,900 -1% -1% -0.03% Net credit loss ratio Total income 13,624 14,78
Slide 4: Financial summary: Jan-Jun 2025 compared to previous year
Financial summary Jan-Jun 2025 compared to previous year Key ratios: Adjusted for 42% Jan-Jun Jan-Jun items affecting C/I-ratio SEK m 2025 2024 Change comparability* Net interest income 22,036 23,333 -6% -5% Net fee and commission income 5,766 5,693 1% 2% -0.02% Net credit loss ratio Total income 28
Slide 5: Net interest income development
Net interest income development Q2 2025 compared to previous quarter NII change: -6% SEK m 11,600 11,400 57 Contribution from: 11,200 -550 Volumes: +0.5 %-points 11,000 Margins and 33 10,800 -164 funding: -4.8%-points 11,347 -34 10,600 FX-effects: -1.4%-points 10,400 10,689 10,200 10,000 Q1 2025 Vol
Slide 6: Net fee and commission income
Net fee and commission income SEK m 3,200 3,100 3,000 CAGR: +2% 2,900 2,800 2,700 2,600 2,939 2,500 2,866 2,761 2,400 2,300 2,200 Q2 2023 Q2 2024 Q2 2025 Savings related* (66% of net fee and commissions) Net payment fees (16%) Other (18%) SEK m SEK m SEK m 2,500 1,000 1,000 CAGR: +3% 900 900 2,000 8
Slide 7: Expenses and staff
Expenses and staff Expenses Staff* SEK m Number of staff 6,600 13,600 13,400 6,400 13,200 6,200 13,000 6,000 12,800 5,800 12,600 5,600 12,400 13,194 6,192 5,400 12,200 5,869 5,200 12,000 12,147 5,000 11,800 4,800 11,600 Q223 Q323 Q423 Q124 Q224 Q324 Q424 Q125 Q225 Q223 Q323 Q423 Q124 Q224 Q324 Q424
Slide 8: Net credit losses
Net credit losses Credit loss ratio 1997 – 2024 Credit losses Q2 2023 – Q2 2025 SEK m Credit loss ratio 1.2% Handelsbanken Comparable Nordic banks* -1,200 1.2% 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% 0.00% 0.00% 0.00% -0.01% -0.02% -0.02% -0.01% -0.03
Slide 9: Strong financial position
Strong financial position CET1 ratio, Q2 2025 20% 160 19% 18.4% 18% Long term target 140 17% range Solid asset quality 16% 14.9% 15.9 – 17.9% 15% 120 14% Low funding and liquidity risk 13% 100 12% 11% Strong liquidity buffer 10% 80 9% 148 8% CET1 ratio 350bp above capital 7% 120 60 requireme
Slide 10: Home markets
Home markets Sweden Norway 79% of Group operating profits 10% of Group operating profits Q2 2025 vs Q1 2025: Q2 2025 vs Q1 2025: Operating profit SEK 5.6bn Operating profit SEK 0.7bn Operating profit, qoq -4% Operating profit, qoq +1% C/I ratio 32.3% (31.2) C/I ratio 42.4% (44.2) Return on allocated
Slide 11: In sum
In sum • Positive volume development • Reduced running cost base • 6th consecutive quarter with net credit loss reversals • Low funding and liquidity risks • Strong capital position 11
Slide 12: Appendix
Appendix Handelsbanken
Slide 13: Income statement: compared to previous quarter
Income statement Compared to previous quarter Key ratios: SEK m Q2 2025 Q1 2025 Change Net interest income 10,689 11,347 -6% Net fee and commission income 2,866 2,900 -1% 44% Net gains/losses on financial transactions -64 506 C/I-ratio Other income 133 36 Total income 13,624 14,789 -8% -0.03% Staff
Slide 14: Income statement: compared to previous year
Income statement Compared to previous year Key ratios: Jan-Jun Jan-Jun SEK m 2025 2024 Change Net interest income 22,036 23,333 -6% Net fee and commission income 5,766 5,693 1% 42% Net gains/losses on financial transactions 442 1,330 -67% C/I-ratio Other income 169 419 -60% Total income 28,413 30,77
Slide 15: Change in NII from previous quarter
Change in NII from previous quarter Net interest income continuing operations Q1 2025, SEK m 11,347 Deposit volume 21 Lending volume 7 Net effect margins and funding costs -386 Day count effect 48 Deposit guarantee fee 1 Other 7 Sweden -302 -2.7% Deposit volume 13 Lending volume 16 Net effect margin
Slide 16: NFT
NFT Customer driven NFT in NFT home markets* and Markets SEK m SEK m 1,200 1,147 800 1,087 1,000 Other, incl realisations and CVA/DVA 800 750 600 626 600 602 579 580 Funding and liquidity 570 534 535 506 management 504 429 420 400 395 393 341 NFT in home markets 200 + Markets 400 0 15 -64 Net -200 A
Slide 17: Asset quality
Asset quality • • Expert based add-on Rating migrations SEK +121m SEK -7m • Better quality on new loans compared to exits SEK +37m • Other (incl. effects from change in loan durations and migrations to stage 3) SEK +8m Expected credit losses Credit losses Credit losses, net Stage 3, net SEK m SEK m
Slide 18: Change in CET1-ratio from previous quarter
Change in CET1-ratio from previous quarter CET1-ratio REA Capital REA effects effects % SEK bn 19.2 815 19.0 810 1 2 2 18.8 1 0.5 805 6 0.6 4 18.6 0.1 0.1 0.1 800 18.4 18.2 795 18.0 790 807 808 17.8 18.4 18.4 785 17.6 780 17.4 17.2 775 17.0 770 CET1 ratio Q125, % Earnings Deducted Net effect Mitigat
Slide 19: 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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