Highlights of Handelsbanken's annual report 2010

Summary January - December 2010, compared with January - December 2009

  * Operating profit for continuing operations went up by 8 per cent to SEK
    14,770 million (13,727)
  * Profit after tax for total operations went up by 8 per cent to SEK 11,025
    million (10,244) and earnings per share increased to SEK 17.72 (16.44)
  * Return on equity for total operations increased to 12.9 per cent (12.6)
  * Income declined to SEK 31,296 million (32,335) and expenses decreased to
    SEK -15,018 million (-15,220)
  * Net interest income went down by 3 per cent to SEK 21,337 million (22,000)
  * Net fee and commission income went up by 9 per cent to SEK 8,022 million
    (7,393)
  * The loan loss ratio decreased to 0.10 per cent (0.21) and loan losses
    amounting to SEK -1,507 million (-3,392)
  * Tier 1 capital increased to SEK 87.8 billion (85.6) and the Tier 1 ratio
    according to Basel II went up to 16.5 per cent (14.2)
  * The board proposes a dividend of SEK 9.00 per share (8.00)


Summary of Q4 2010, compared with Q3 2010

  * Operating profit for continuing operations went up by 6 per cent to SEK
    3,833 million (3,606)
  * Profit after tax for total operations grew by 7 per cent to SEK 2,892
    million (2,707) and earnings per share increased to SEK 4.65 (4.35)
  * Return on equity for total operations was 13.4 per cent (12.7)
  * Income grew to SEK 8,128 million (7,506), while expenses increased to
    SEK -3,997 million (-3,610)
  * Net interest income rose by 5 per cent to SEK 5,612 million (5,327)
  * Net fee and commission income increased by 11 per cent to SEK 2,127 million
    (1,924)
  * The loan loss ratio decreased to 0.07 per cent (0.08) and loan losses
    amounting to SEK -293 million (-294)
  * Measured in local currency, the average volume of lending grew by 1 per
    cent, while the volume of credit commitments increased by 9 per cent



For further information, please contact:
Pär Boman, President and Group Chief Executive
Tel: +46 (0)8 229220

Ulf Riese, CFO
Tel: +46 (0)8 229220

Mikael Hallåker, Head of Investor Relations
Tel: +46 (0)8 701 29 95,miha11@handelsbanken.se


For more information about Handelsbanken, please go to:www.handelsbanken.com


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