Handelsbanken (SHB) was the first Nordic bank to release its Q3 16 earnings. With SEK10.47bn, total income is 4% higher than expectations. With expenses in line with expectations but much higher loan losses, profit before tax is just 1% above consensus, at SEK5.69bn. In terms of solvency, the CET1 ratio is 24% versus 23% in Q2 16.
20 Oct 2016
Reassuring net interest income
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Reassuring net interest income
Svenska Handelsbanken AB Class A (SVHH:FRA) | 0 0 0.4% | Mkt Cap: 224,809m
- Published:
20 Oct 2016 -
Author:
Farhad Moshiri -
Pages:
2
Handelsbanken (SHB) was the first Nordic bank to release its Q3 16 earnings. With SEK10.47bn, total income is 4% higher than expectations. With expenses in line with expectations but much higher loan losses, profit before tax is just 1% above consensus, at SEK5.69bn. In terms of solvency, the CET1 ratio is 24% versus 23% in Q2 16.