Handelsbanken Q2: Net Interest Income Falls, Costs Rise
Handelsbanken Q2 net interest income fell to SEK 10.9B from SEK 11.2B. Operating costs rose to SEK 5.8B. Net profit slipped to SEK 4.8B.
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Svenska Handelsbanken reported second-quarter results that showed a decline in net interest income and an increase in costs. The Swedish lender's net interest income for the quarter came in at SEK 10.9 billion, down from SEK 11.2 billion a year earlier. Operating expenses rose to SEK 5.8 billion from SEK 5.5 billion in the same period last year.
The bank's net profit for the quarter was SEK 4.8 billion, compared with SEK 5.1 billion in the second quarter of 2025. The return on equity fell to 12.3% from 13.1% a year ago. Handelsbanken's common equity Tier 1 ratio stood at 18.5%, down from 19.0% at the end of the first quarter.
Loan losses were SEK 0.4 billion, up from SEK 0.3 billion in the year-ago period. The bank said the increase reflected a cautious outlook on the Swedish economy. Handelsbanken's board proposed an interim dividend of SEK 3.50 per share, unchanged from the prior year.
The bank's shares trade on the Stockholm Stock Exchange under the ticker SHB A and on the OTC market in the U.S. as SVNLY.
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