Handelsbanken Q1 Net Profit Up YoY Supported by LLP Reversals
Svenska Handelsbanken AB (Handelsbanken or the Bank) reported a net profit of SEK 4,381 million in Q1 2021, almost stable compared to Q4 2020, and 11% higher than Q1 2020. The 11% increase of net profit Year-on-Year (YoY) was mostly attributable to SEK 8 million reversals of loan loss provisions (LLPs) in Q1 2021 compared to SEK 538 million LLPs in Q1 2020. The Bank reported a Return-on-Equity (ROE) of 10.6% in Q1 2021 compared to 10.3% in Q1 2020 and 10.9% in Q4 2020.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.