Handelsbanken (SHB) released its Q3 20 numbers this morning. Numbers were above expectations across-the-board. Total revenues were indeed above expectations, whereas expenses and loan losses were below consensus forecasts.
The CET1 ratio at 19.4% was 70bp higher qoq. The 160bp impact from the increase in UK RWA will come into force in 2021. It remains unknown whether the Swedish FSA will reduce capital requirements on the other side (currently at 14%).
