Handelsbanken
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Handelsbanken (SHB) investor relations material

Handelsbanken Pre-close call summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Pre-close call summary26 Mar, 2026

Executive summary

  • The call served as a reminder of publicly communicated matters and aimed to help analysts with estimates and expectations ahead of the interim report, without providing new information or guidance.

Trading performance and revenue trends

  • Swedish mortgage volumes saw a slight pickup, while corporate lending growth remained muted; gradual volume increases noted in the UK and Netherlands, with Norway remaining flat.

  • Daily average stock market indices were up in Q1 compared to Q4, indicating a positive trend for savings-related fees.

  • NFT income line remains minor and stable, averaging SEK 500–600 million per quarter, with customer-driven NFT at SEK 400–500 million.

Profitability and margins

  • Lower policy rates negatively impact transaction account deposit margins, with effects typically filtering through in 1–2 quarters of flat rates.

  • Swedish krona strengthened against euro and sterling, creating a headwind for sequential NII development.

  • Q1 has two fewer days than Q4, with a net day count effect of SEK 20–30 million per day.

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