Q2 2019 Svenska Handelsbanken AB Earnings Call Transcript
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Good morning, everyone, and welcome to this conference call for the second quarter 2019. Joining me today, I have Peter Grabe, Investor Relations; and Annika Engler, Head of Group Accounting.
To start off with some general summarizing remarks, please go to Slide 2. As you know, there have been some major items affecting the reported earnings in the past year, namely a large capital gain last year from the sale of the shares in UC and the reversal in Q1 this year of the Oktogonen provisions for 2018. So when assessing the underlying development of the bank, it is relevant to adjust for this.
The capital situation is strong, and the CET1 ratio of 17.1% is in the middle of the target range. The net interest income is growing steadily and reached a new all-time high level both in Q2 and for the first half of 2019. The fee and commission income also developed strongly and also recorded all-time high numbers.
On the cost development, however,
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