Handelsbanken (SHB) Investor presentation summary

Safety, stability, and credit ratings

• Maintains one of the highest credit ratings globally (Aa2/AA-/AA+), reflecting strong safety and stability among peers.

• Net credit loss ratio remains low, with historical averages significantly below peers.

• CET1 capital ratio stands at 18.2%, well above regulatory requirements, providing significant buffer.

• Earnings growth volatility is lower than most peers, indicating stable performance.

Balance sheet structure and liquidity

• Balance sheet is conservatively structured, with short-term assets exceeding short-term liabilities by 1.9x.

• NSFR at 122% and LCR at 188%, both well above regulatory minimums, ensuring ample liquidity.

• Diversified deposit base across geographies and customer segments, with 47% of deposits in Sweden.

• Over 90% of lending is collateralized, supporting low risk appetite.

Financial performance and interim results

• Q3 2025 operating profit reached SEK 7.8bn, with ROE at 13.3% and C/I ratio at 40.5%.

• Net interest income decreased by 2% quarter-on-quarter, while net fee and commission income grew by 4%.

• Seventh consecutive quarter of net credit loss reversals, with credit loss ratio at -0.01%.

• Anticipated dividend for the first nine months is SEK 10.65 per share.