Handelsbanken (SHB) Investor presentation summary

Strategic positioning and growth potential

• Operates in stable, large economies with strong legal and regulatory environments, supporting long-term profitable growth and a large customer base.

• Maintains a significant branch network across Sweden, UK, Norway, and the Netherlands.

Financial performance and profitability

• Achieved increased operating profit and ROE in Q1 2026, with resilient income and stable net interest income.

• Lending growth observed in the UK and the Netherlands, with strong inflows into mutual funds and lower costs.

• Net interest income slightly decreased by 1% quarter-on-quarter, while total income rose by 3%.

• Cost-to-income ratio at 39.5%, and return on equity at 13.6%.

Asset quality and risk management

• Maintains low net credit loss ratios, with Q1 2026 at 0.01%.

• Credit portfolio is well-diversified geographically and by sector, with low LTVs in commercial and residential real estate portfolios.

• Accumulated credit losses remain minimal despite recent macroeconomic stresses.