Handelsbanken released last Thursday its numbers for Q2 21. These were mostly in line with expectations while a much lower level of loan losses has helped the bank to beat the consensus at the net profit level (+12% above expectations). We will only slightly change our EPS on the back of lower impairements (and a higher level of fees/commissions). The CET1 ratio was 30bp higher qoq and in line with expectations, 650bp above capital requirements. Guidance regarding the cost-cutting programme is u ....
