Handelsbanken realized a lackluster Q2 with NII growth (beat) being offset by misses on fees and trading. Costs were a slight miss as the bank continued to grow its business. However the C/I ratio remained stable yoy. All this resulted in a decline and a miss at pretax income level. The excess capital situation remained although buybacks are still not on the agenda as management favours growth over distribution. The sale of the Danish operations will be concluded in Q4 and the sale process for t ....
15 Jul 2022
A lackluster Q2, but NII tailwinds remain
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A lackluster Q2, but NII tailwinds remain
- Published:
15 Jul 2022 -
Author:
Sylvain Perret -
Pages:
3
Handelsbanken realized a lackluster Q2 with NII growth (beat) being offset by misses on fees and trading. Costs were a slight miss as the bank continued to grow its business. However the C/I ratio remained stable yoy. All this resulted in a decline and a miss at pretax income level. The excess capital situation remained although buybacks are still not on the agenda as management favours growth over distribution. The sale of the Danish operations will be concluded in Q4 and the sale process for t ....