Handelsbanken (SHB) Investor presentation summary

Financial performance and growth

• Operating profit for Q2 2026 reached SEK 6.7bn, with a return on equity of 12.8% and strong business growth, especially in the UK and the Netherlands.

• Net interest income remained stable quarter-on-quarter, with volume growth offsetting margin pressure.

• Net fee and commission income increased by 9% year-on-year, driven by savings-related products.

• Swedish savings business saw a 46% market share in net inflows for Jan–June 2026, with a 12% market share in outstanding mutual fund volumes.

• Expenses remained stable despite inflation, and anticipated dividends for Jan–June 2026 are SEK 4.77 per share (82% of net profit).

Balance sheet, liquidity, and funding

• Balance sheet is structured for low risk, with short-term assets exceeding short-term liabilities by 2x and over 90% of lending collateralized.

• NSFR stands at 122%, with SEK 328bn excess stable funding, and LCR at 186% with a SEK 325bn liquidity cushion.

• Diversified deposit base across home markets, with 48% of Swedish deposits guaranteed.

• Long-term bond issuance for Jan–June 2026 totaled SEK 124bn, with a balanced maturity profile and strong market access.

Asset quality and risk management

• Net credit loss ratio remains extremely low (0.00–0.01%), with accumulated credit losses averaging SEK 2m per quarter since 2020.

• CRE and RRE portfolios have low average LTVs (46–48%), with nearly all exposures below 75% LTV.

• Stage 2 property management exposures are stable, and stress tests show strong asset pools even under severe property value declines.