Q4 2024 Svenska Handelsbanken AB Earnings Call Transcript

Feb 5, 2025 / 07:30 AM GMT

Transcript

Key Points

Positve

Svenska Handelsbanken AB (SVNLF) reported its highest Q4 operating profit in its 153-year history, amounting to 9.2 billion.
The cost-income ratio remained below 40%, demonstrating effective cost management.
Net credit loss reversals were reported, indicating strong asset quality and risk management.
The board proposed a total dividend of 15 per share, reflecting confidence in the bank's financial stability.
The bank's capital position is robust, with a CET1 ratio of 18.8%, significantly above regulatory requirements.

Negative

Total expenses increased by 7% in Q4, with restructuring expenses contributing to this rise.
Operational operating profit for the full year declined by 2% when adjusted for items affecting comparability.
Net interest income was flat compared to Q3, indicating challenges in growing this revenue stream.
The bank's loan-to-deposit ratio in the UK suggests sensitivity to short-term rate changes.
There is no clear cost outlook provided for 2025, leaving uncertainty about future expense management.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SHBa.ST - Svenska Handelsbanken AB
Q4 2024 Svenska Handelsbanken AB Earnings Call
Feb 05, 2025 / 07:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everyone and welcome to this presentation of Anders Bins results for the full year and fourth quarter of 2024.

Before the presentation, let me just start by saying it's a very sad day in Sweden today. Following yesterday's tragic events in Ru, our thoughts go to the victims and their relatives.

The fourth quarter showed an operating profit of 9.2 billion. The highest Q4 result so far in our 153 year history, the roe amounted to a touch above 14%. Despite a year with sharp rate cuts by central banks, the income generation has remained resilient.

The cost initiatives we launched during the spring have been to the most part been executed on and it is now bearing fruit and showing in the

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