Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Svenska Handelsbanken AB    SHB A   SE0007100599

SVENSKA HANDELSBANKEN AB

(SHB A)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Svenska Handelsbanken : Handelsbanken to face tougher capital requirements for UK business

09/15/2020 | 11:02am EST
A branch of Handelsbanken is seen in Wilmslow

, (Reuters) - Sweden's financial watchdog has told Handelsbanken to change how it calculates risk at its subsidiary in Britain, the lender said on Tuesday, which will increase the amount of capital the bank has to provide for potential losses.

Some banks in Europe are allowed by regulators to use their own models to assess the risk of losses in their lending portfolios, while others have to use a standard model set by their country's watchdog.

Usually, the standard model is more conservative.

Handelsbanken said it would have to use the standard model from next year.

The move hit Handelsbanken's shares, which were down 5.3% by 1252 GMT.

"This can effect their future dividend payouts, so its clearly a negative," Andreas Hakansson, an analyst at Danske bank said.

"The Swedish Financial Supervisory Authority has decided that, from 1 January 2021, the bank is also to use the standardised approach at group level, when calculating the capital requirement for credit risk at Handelsbanken Plc," the bank said in a statement.

"The risk exposure amount at the bank will consequently increase by approximately 65 billion Swedish crowns (£6 billion) in conjunction with the introduction of the new method," the bank said.

In July, Handelsbanken reported significantly lower loan losses than most of its Nordic and European peers during the coronavirus pandemic, drawing praise from rating agency Moody's.

Robin Rane, an analyst at Kepler Cheuvreux, said the bank had been applying an internal model for assessing risk on property, the sector where most of its exposure is in the United Kingdom.

"The difference between the standardised method and the internal one they had been using is quite high, Rane told Reuters.

The bank said following the change its common equity tier 1 ratio as at June 30, 2020, pro forma, remained over the target ratio range.

(Reporting by Colm Fulton. Editing by Jane Merriman)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
DANSKE BANK A/S 1.01% 115 Delayed Quote.13.11%
SVENSKA HANDELSBANKEN AB 0.34% 87.28 Delayed Quote.5.30%
All news about SVENSKA HANDELSBANKEN AB
01/20SVENSKA HANDELSBANKEN : Handelsbanken's year-end report for January – Dece..
PU
01/20SVENSKA HANDELSBANKEN : Handelsbanken's year-end report for January - December 2..
AQ
01/20HANDELSBANKEN : Hope returns
AQ
01/19SVENSKA HANDELSBANKEN : The Banks and the Police formalise their co-operation on..
AQ
01/05Swedish bankers face identity crisis over digital currency plans
RE
2020Proposed Swedish bank tax reported to EU Commission
RE
2020WALLENSTAM : publishes updated base prospectus for existing MTN program
AQ
2020Hexagon Purus Raises $85.7 Million Via Share Issue For General Corporate Purp..
MT
2020SVENSKA HANDELSBANKEN : New Chief Executive of Stadshypotek AB
AQ
2020SVENSKA HANDELSBANKEN : New Chief Executive of Stadshypotek AB
PU
More news
Financials
Sales 2020 43 889 M 5 308 M 5 308 M
Net income 2020 15 114 M 1 828 M 1 828 M
Net Debt 2020 - - -
P/E ratio 2020 11,5x
Yield 2020 5,19%
Capitalization 173 B 20 883 M 20 941 M
Capi. / Sales 2020 3,95x
Capi. / Sales 2021 3,86x
Nbr of Employees 12 588
Free-Float 89,8%
Chart SVENSKA HANDELSBANKEN AB
Duration : Period :
Svenska Handelsbanken AB Technical Analysis Chart | SHB A | SE0007100599 | MarketScreener
Technical analysis trends SVENSKA HANDELSBANKEN AB
Short TermMid-TermLong Term
TrendsNeutralBullishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 98,32 SEK
Last Close Price 87,28 SEK
Spread / Highest target 28,3%
Spread / Average Target 12,6%
Spread / Lowest Target -19,8%
EPS Revisions
Managers and Directors
NameTitle
Carina Åkerström President, Chief Executive Officer & Director
Pär Boman Chairman
Katarina Berner Frösdal Chief Operating Officer
Carl Cederschiöld Chief Financial Officer
Lars Fredrik Elis Lundberg Deputy Chairman
Sector and Competitors