Handelsbanken's interim report January

Summary January - March 2010, compared with January - March 2009

  * Profit after tax for total operations went up by 3 percent to SEK 2,853
    million (2,765) and earnings per share amounted to SEK 4.59 (4.43)
  * Return on shareholders' equity for total operations was 13.5 percent (13.8)
  * Operating profit for continuing operations was SEK 3,792 million (3,806)
  * Income decreased by 4 percent to SEK 8,009 million (8,386) and expenses were
    unchanged
  * Net interest income was SEK 5,316 million (5,393)
  * The average volume of lending decreased by 3 percent due to exchange rate
    effects, and deposit volumes grew by 3 percent
  * Net fee and commission income went up by 14 percent to SEK 1,983 million
    (1,739)
  * The loan loss ratio decreased to 0.14 percent (0.23), with loan losses
    amounting to SEK -551 million (-896)
  * The capital base was SEK 115.3 billion and the capital ratio according to
    Basel II increased to 19.6 percent (16.7)
  * Tier 1 capital increased to SEK 86.0 billion (81.4) and the Tier 1 ratio
    according to Basel II went up to 14.6 percent (11.6)



Summary of Q1 2010, compared with Q4 2009

  * Profit after tax for total operations went up by 13 percent to SEK 2,853
    million (2,516) and earnings per share increased by 14 percent to SEK 4.59
    (4.04)
  * Operating profit for continuing operations grew by 18 percent to SEK 3,792
    million (3,221)
  * Income was SEK 8,009 million (7,967), while expenses fell by 10 percent to
    SEK -3,666 million (-4,058)
  * Loan losses went down to SEK -551 million (-691), and the loan loss ratio
    dropped to 0.14 percent (0.18)
  * Net impaired loans decreased to SEK 2,143 million (3,235), equivalent to
    0.14 percent (0.21) of lending
  * Return on equity for total operations increased to 13.5 percent (12.2)
  * During the quarter, the Bank established 13 new branches in Great Britain



For further information, please contact:
Pär Boman, President and Group Chief Executive
phone +46 8 22 92 20

Ulf Riese, CFO
phone +46 8 22 92 20

Mikael Hallåker, Head of Investor Relations
phone +46 8 701 29 95,miha11@handelsbanken.se <mailto:miha11@handelsbanken.se>





[HUG#1408989]
Handelsbanken's interim report January - March 2010

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