reports
- Elisabeth Rudman
- Maria Jesus Parra
- Elisabeth Rudman
- Maria Jesus Parra
- Elisabeth Rudman
- Mario De Cicco
- Elisabeth Rudman
- Mario De Cicco
- Vitaline Yeterian
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.
- Elisabeth Rudman
- Mario De Cicco
- Vitaline Yeterian
- Elisabeth Rudman
- Mario De Cicco
- Elisabeth Rudman
- Mario De Cicco
- Vitaline Yeterian
Handelsbanken Underlying Profit Stable YoY. Restructuring Driving Up O...
Svenska Handelsbanken AB (Handelsbanken or the Bank) reported a net profit of SEK 15,588 million in 2020, down 8% vs. 2019. The reduction has been mainly affected by one-off restructuring provisions of SEK 1,470 million (vs. SEK 930 million in 2019) and a provision for the Oktogonen profit sharing scheme of SEK 213 million (vs. reversal of SEK 829 million in 2019). Excluding non-recurring items, the Bank's profit before taxes increased by 1% Year-on-Year (YoY). On a quarterly basis, Handelsbanke...
- Arnaud Journois
- Elisabeth Rudman
- Vitaline Yeterian
Handelsbanken Q3: Stable Underlying Performance; Restructuring Costs i...
Svenska Handelsbanken AB (Handelsbanken or the Bank) reported statutory net income of SEK 3,322 million at the end of Q3 2020, down 16% compared to Q2 2020 and down 7% Year-on-Year (YoY). The result was significantly affected by SEK 1,470 million one-off provisions for restructuring costs and SEK 38 million IT impairments. Statutory net income declined by 11% in 9M 2020 compared to 9M 2019. Nevertheless, Handelsbanken's underlying profitability remains solid. Removing all items affecting compara...
- Arnaud Journois
- Elisabeth Rudman
- Vitaline Yeterian
Handelsbanken Goes Digital in Sweden; A Global Trend, However, It is U...
Svenska Handelsbanken AB (Handelsbanken) is aiming to become a more digitalised bank, and to that end, announced on Wednesday, 16 September 2020, its plan to restructure its Swedish operations. We see the announced cuts as significant. There has been a rapid growth of digital finance, particularly in Sweden. While it makes sense to increase digital capabilities in this environment, we also think it is unclear how Handelsbanken's customers might react given the magnitude of the reduction in branc...
- Andrea Costanzo
- Arnaud Journois
- Elisabeth Rudman
- Vitaline Yeterian
Handelsbanken Q2 Results Stable QoQ, But Core Revenues Under Pressure
Svenska Handelsbanken AB (Handelsbanken or the Bank) reported net income of SEK 4 billion in Q2 2020, up 1% Quarter-on-Quarter (QoQ) and down 6% Year-on-Year (YoY). For H1 2020, the Bank reported net income of SEK 7.9 billion, down 12% compared to SEK 9 billion in H1 2019, albeit H1 2019 included SEK 854 million positive one-off items, largely attributable to the Bank's profit sharing scheme. Excluding the positive one-off items in H1 2019, net income would have decreased by around 3% YoY in H1 ...
- Arnaud Journois
- Elisabeth Rudman
- Vitaline Yeterian
- Elisabeth Rudman
- Vitaline Yeterian
- Elisabeth Rudman
- Vitaline Yeterian
European Banking: Key Themes in 2020
With prolonged ultra-low interest rates affecting European banks’ revenues, in 2020 it will be key for banks to reduce operating costs further, while maintaining necessary investments in IT, regulatory and compliance requirements. Other key themes that DBRS Morningstar considers important in 2020 include the importance of banks having adequate controls in place to manage operational risks, regulators and investors making increasing demands on banks to recognise the impact of climate change, an...
BNP BNP PARIBAS SA CLASS A
DBK DEUTSCHE BANK AG
HSBA HSBC HOLDINGS PLC
LYG.. LLOYDS BANKING GROUP PLC ADS
LLOY LLOYDS BANKING GROUP PLC
BARC DEUTSCHE TELEKOM AG
DTE NATWEST GROUP PLC
NWG BANCO SANTANDER S.A.
SAN BANCO BILBAO VIZCAYA ARGENTARIA S.A.
BBVA SWEDBANK AB ADS
SWDBY COÖPERATIEVE RABOBANK U.A.
RABO SOCIÉTÉ GÉNÉRALE
2908Z S.A.
BBV/D BANCO BILBAO VIZCAYA ARGENTARIA
BBVXF S.A.
1111Z ING BANK N.V.
44250Z DZ BANK AG DEUTSCHE ZENTRAL-GENOSSENSCHAFTSBANK
CRARY CREDIT AGRICOLE S.A. ADS
CRARF CRÉDIT AGRICOLE S.A.
167214Z SKANDINAVISKA ENSKILDA BANKEN AB
SWEDA SWEDBANK AB (PUBL)
SHBA SVENSKA HANDELSBANKEN AB (PUBL)
1211M BARCLAYS PLC
BCSYF ABN AMRO BANK N.V.
3531454Z ROYAL BANK OF SCOTLAND GROUP PLC
RBOS THE
BNPQF BNP PARIBAS SA
- Elisabeth Rudman
- Vitaline Yeterian
BNP BNP PARIBAS SA CLASS A
DBK DEUTSCHE BANK AG
HSBA HSBC HOLDINGS PLC
LYG.. LLOYDS BANKING GROUP PLC ADS
LLOY LLOYDS BANKING GROUP PLC
BARC DEUTSCHE TELEKOM AG
DTE NATWEST GROUP PLC
NWG BANCO SANTANDER S.A.
SAN BANCO BILBAO VIZCAYA ARGENTARIA S.A.
BBVA SWEDBANK AB ADS
SWDBY COÖPERATIEVE RABOBANK U.A.
RABO SOCIÉTÉ GÉNÉRALE
2908Z S.A.
BBV/D BANCO BILBAO VIZCAYA ARGENTARIA
BBVXF S.A.
1111Z ING BANK N.V.
44250Z DZ BANK AG DEUTSCHE ZENTRAL-GENOSSENSCHAFTSBANK
CRARY CREDIT AGRICOLE S.A. ADS
CRARF CRÉDIT AGRICOLE S.A.
167214Z SKANDINAVISKA ENSKILDA BANKEN AB
SWEDA SWEDBANK AB (PUBL)
SHBA SVENSKA HANDELSBANKEN AB (PUBL)
1211M BARCLAYS PLC
BCSYF ABN AMRO BANK N.V.
3531454Z ROYAL BANK OF SCOTLAND GROUP PLC
RBOS THE
BNPQF BNP PARIBAS SA
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