Q4 2023 Svenska Handelsbanken AB Earnings Call Transcript
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Presentation of Handelsbanken's result for the full year and for Q4 2023. We put behind us a tumultuous year with escalating geopolitical instability, raising interest rates, and also runway inflation and the business cycle in decline. I find that the year for Handelsbanken 2023 can be described as stable. ROE was up to close to 16%, driven of an underlying growth of 37%, income outperformed expenses and contributed to our C/I ratio. As expected, our customers show good resilience in spite of an environment with higher interest rates and the credit quality remains to be strong with credit losses amounting to only 0.01%.
The capital position of the bank is very solid with a CET1 ratio of 18.8 percentage points, which is 1 percentage point above the target ratio of the
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