Handelsbanken has just release its Q2 17 numbers. In terms of P&L, total income at SEK10.25bn is 1.3% above consensus expectations. Total expenses are mechanically 1.4% higher than consensus’ forecasts but loan losses at SEK186m are well below the expectations of SEK366m. Profit before tax at SEK5.26bn is therefore 5% above expectations. The CET1 ratio is, however, disappointing as, at 23.4%, it is 40bp lower qoq (300bp above requirements).
18 Jul 2017
Positive on the P&L but disappointing on capital
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Positive on the P&L but disappointing on capital
Svenska Handelsbanken AB Class A (SVHH:FRA) | 0 0 0.4% | Mkt Cap: 224,809m
- Published:
18 Jul 2017 -
Author:
Farhad Moshiri -
Pages:
3
Handelsbanken has just release its Q2 17 numbers. In terms of P&L, total income at SEK10.25bn is 1.3% above consensus expectations. Total expenses are mechanically 1.4% higher than consensus’ forecasts but loan losses at SEK186m are well below the expectations of SEK366m. Profit before tax at SEK5.26bn is therefore 5% above expectations. The CET1 ratio is, however, disappointing as, at 23.4%, it is 40bp lower qoq (300bp above requirements).