|Bid||93.26 x 0|
|Ask||93.38 x 0|
|Day's Range||93.06 - 93.32|
|52 Week Range||82.02 - 113.00|
|Beta (3Y Monthly)||0.77|
|PE Ratio (TTM)||10.73|
|Forward Dividend & Yield||5.50 (5.90%)|
|1y Target Est||104.11|
Swedish Finance Minister Magdalena Andersson said on Saturday the centre-left coalition government would introduce a bank tax to help fund greater defence spending from 2022. The Social Democrats and Greens said on Friday they had agreed with the Centre and Liberal Parties, which back them in parliament, to boost defence spending by 5 billion Swedish crowns ($520 million) a year from 2022 to 2025. Sweden has been strengthening its armed forces and is concerned about increasing tensions with Russia in the Baltic region.
Sweden's Handelsbanken on Wednesday reported first-quarter operating earnings above market expectations on the back of a reversal of provisions into the bank's profit-sharing scheme for employees. Operating profit in January through March rose to 6.11 billion Swedish crowns (£507 million) from 5.16 billion crowns in the previous year, beating a mean forecast for 5.19 billion crowns as seen in a poll of analysts. Profit was boosted by the provision reversal to the lender's profit-sharing plan called Oktagonen, amounting to 827 million crowns, a gain not included in analysts' estimate.
STOCKHOLM (Reuters) - Swedish banking group Handelsbanken has gone through the books of all its six home markets and has reported whatever economic crimes it has found to relevant authorities, its chief ...
Several banks operating in Norway made insufficient anti-money laundering risk assessments last year, the country's Financial Supervisory Authority (FSA) said in its annual report on Friday. While the FSA listed the banks that had been inspected, its report did not say which were found to have shortcomings. Last November, the FSA criticised DNB, Norway's largest bank, for not having sufficient systems in place to combat money laundering.
Several banks operating in Norway made insufficient anti-money laundering risk assessments last year, the country's Financial Supervisory Authority said in its annual report on Friday. While the FSA listed ...
Sweden's Handelsbanken proposed a lower-than-expected dividend for 2018 on Wednesday as stricter requirements from the country's regulator hit capital levels. While fourth-quarter operating earnings came in above market expectations, the bank proposed a dividend of 5.50 crowns, well below the payout of 6.49 per share seen by analysts and lower than the total 7.50 crowns per share paid out for 2017. The 2017 payout included an ordinary dividend of 5.5 crowns per share and one-off payment of 2.0 crowns per share.
Sweden's Handelsbanken said it had converted its British branch into a subsidiary that would operate as a standalone business, helping to shield the bank from any potentially disruptive Brexit next March. Britain's parliament is due to vote on Dec. 11 on its divorce settlement and transition deal with the European Union ahead of the country's departure from the bloc next March. An independently capitalised subsidiary in Britain could operate as a standalone business, and be better insulated from any disruption in cross-border links than a branch linked to a parent in another country.
Sweden's Handelsbanken (SHBa.ST) said on Wednesday it planned to cut at least 1,600 jobs over the coming four years as it reported third-quarter operating profit slightly above market expectations on the back of lower-than-anticipated loan losses. Handelsbanken, which employs about 12,500 staff, said in a statement it would be cutting the jobs as part of an efficiency programme as the bank continues to digitalize its operations. Operating profit in the quarter fell to 5.34 billion Swedish crowns (455.98 million pounds) compared to a year-ago 5.42 billion, beating a mean forecast of 5.26 billion seen in a Reuters poll of analysts.