Highlights of Handelsbanken's Annual Report January -

Summary January - December 2011, compared with January - December 2010

  * Profit after tax for total operations increased by 12 per cent to SEK 12,323
    million (11,025) and earnings per share rose by 12 per cent to SEK 19.78
    (17.72)
  * Operating profit for continuing operations increased by 12 per cent to SEK
    16,536 million (14,770)
  * Return on equity for total operations was 13.5 per cent (12.9)
  * Income rose by 5 per cent to SEK 32,809 million (31,296)
  * Net interest income rose by 11 per cent to SEK 23,613 million (21,337)
  * The C/I ratio improved to 47.1 per cent (48.0)
  * The loan loss ratio went down to 0.05 per cent (0.10)
  * Tier 1 capital rose to SEK 93.5 billion (87.8) and the tier 1 capital ratio
    was 18.4 per cent (16.5). The core tier 1 capital ratio was 15.6 per cent
    (13.8)
  * The average volume of loans to the public grew by 5 per cent to SEK 1,552
    billion (1,475)
  * In the UK, operating profit increased by 55 per cent
  * The Bank's net inflow on the Swedish mutual fund market was SEK 14.4
    billion, equivalent to a market share of 90 per cent
  * The Board proposes a dividend of SEK 9.75 per share (9.00)

Summary of Q4 2011, compared with Q3 2011
  * Profit after tax for total operations decreased to SEK 3,046 million (3,209)
    and earnings per share were SEK 4.88 (5.15)
  * Operating profit for continuing operations was SEK 4,110 million (4,360)
  * Return on equity for total operations was 13.0 per cent (14.1)
  * Income increased by 1 per cent to SEK 8,374 million (8,328)
  * Net interest income rose by 5 per cent to SEK 6,357 million (6,066)
  * The loan loss ratio was 0.06 per cent (0.04)
  * The average volume of loans to the public grew by 1 per cent to SEK 1,594
    billion (1,574) and the average volume of deposits by 8 per cent to SEK 711
    billion (660)
  * The total liquidity reserve exceeded SEK 700 billion

The slide presentation for today's press conference will be available at 08.00
CET at www.handelsbanken.se/ireng
For further information, please contact:
Pär Boman, President and Group Chief Executive
Tel: +46 (0)8 22 92 20
Ulf Riese, CFO
Tel: +46 (0)8 22 92 20
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

[HUG#1585688]
Highlights of Handelsbanken's Annual Report January - December 2011

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