SHB-ANasdaq StockholmFinancialsIFRS · SEK

Sv. Handelsbanken

Sv. Handelsbanken is the Stockholm-based parent institution of Handelsbanken Group, a universal bank that provides financing, savings, and advisory services to households and companies. Its business is organized around local branch banking and digital customer channels across its home markets in the Nordics, the UK, and the Netherlands, with a strong emphasis on decentralized decision-making.

Kysy yhtiöstä
Liikevaihto56,8mrd SEK
−8,9 %v/v
Liikevoitto (EBIT)30,8mrd SEK
+12 554,3 %v/v
EBIT-marginaali54,1%
+53,7 %-yks.v/v
Nettotulos23,7mrd SEK
−13,6 %v/v
Vapaa kassavirta−47,4mrd SEK
−208,7 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2021–2025

020406080mrd SEK2021: 44,3 mrd SEK2021: EBIT 23,5 mrd SEK20212022: 50,2 mrd SEK2022: EBIT 0,09 mrd SEK20222023: 62,2 mrd SEK2023: EBIT 0,32 mrd SEK20232024: 62,3 mrd SEK2024: EBIT 0,24 mrd SEK20242025: 56,8 mrd SEK2025: EBIT 30,8 mrd SEK202556,830,8
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Retail banking45 %

Household banking products such as mortgages, deposits, payments, and savings accounts.

Corporate banking25 %

Lending, cash management, and advisory services for business customers.

Asset and wealth services15 %

Savings, investment, and managed-account services for private and institutional clients.

Payment and transactional services15 %

Daily banking, card, and payment-related services used by customers and firms.

Asiakkaat

The bank serves households that use it for mortgages, savings, payments, and long-term financial advice. It also serves corporate clients that value local branch relationships, fast decisions, and access to both specialists and decision-makers. A smaller but important part of the business comes from customers seeking managed savings and advisory services.

Households

Buy mortgages, deposit accounts, payment services, and personal financial advice.

Small and medium-sized enterprises

Buy lending, cash management, and branch-based banking support for day-to-day operations.

Corporate clients

Buy specialist lending and advisory services, often via local relationship managers.

Savings and wealth clients

Use savings, investment, and asset-management offerings for long-term capital needs.

Strategia

The bank’s strategy is built around local customer relationships, decentralized credit decisions, and long-term customer satisfaction rather than volume-driven sales targets. It aims to win business by combining branch proximity with digital channels, while maintaining a conservative risk culture and high service quality.

Local relationship bankingKeskipitkä aikaväli

Branch proximity and decentralized decisions are central to the bank's customer value proposition.

Digital service enhancementLyhyt aikaväli

Digital channels extend accessibility while supporting routine transactions and basic advice.

Risk disciplinePitkä aikaväli

Low-risk lending and liquidity management support the bank's stability and trust-based franchise.

Maantiede

Handelsbanken’s core business is centered on Sweden, Finland, Norway, Denmark, the UK, and the Netherlands, which it refers to as its home markets. The reports also show a strong domestic footprint in Finland, where the bank operates through 27 branches, underscoring the importance of local presence in its model. Geography matters because the bank is built around country-level branch networks and local decision-making, rather than a centralized cross-border platform.

Riskit

The bank is exposed to credit risk, but its business model deliberately emphasizes conservative underwriting and local decision-making to reduce losses. It also faces regulatory, cyber, liquidity, and geopolitical risks that are typical for a large bank, with indirect exposure to events such as the war in Ukraine and higher interest-rate volatility affecting customers.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Regulatory and compliance risk1Credit risk in branch lending2Cybersecurity and operational disruption3Liquidity and funding risk4Geopolitical spillover risk5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Regulatory and compliance riskVaikutus: KorkeaTodennäköisyys: Korkea

    Banks operate under extensive, changing supervision and disclosure requirements.

    KohdistuuCapitalConductReportingAnti-money-laundering controls
  2. Credit risk in branch lendingVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The bank lends to households and companies, so borrower stress can affect asset quality.

    Kohdistuu: Mortgage and corporate lending

  3. Cybersecurity and operational disruptionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Digital banking and critical payment services create attack surfaces for fraud and outages.

    Kohdistuu: Customer channels and payment infrastructure

  4. Liquidity and funding riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Banks must meet withdrawals and lending needs even under stressed market conditions.

    Kohdistuu: Multi-currency liquidity management

  5. Geopolitical spillover riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Indirect effects from regional conflicts can weaken customers and market conditions.

    Kohdistuu: Nordic and European loan books

Kirjanpito

Harkinnanvaraiset erät
Expected credit losses

Loan books require judgment about borrower default risk and forward-looking overlays.

Vaikutus: Provision levels can move reported earnings and balance-sheet reserves.

Fair value measurement

Financial instruments and hedges are marked using valuation models and market inputs.

Vaikutus: Changes can affect income volatility and balance sheet carrying values.

Hedge accounting

The bank uses hedging to manage interest-rate and currency exposures.

Vaikutus: Accounting treatment determines whether gains and losses are recognized immediately or deferred.

IFRS 16 leases

Branch and office leases create right-of-use assets and lease liabilities.

Vaikutus: Affects operating expenses, depreciation, and leverage measures.

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Swedbank

SWED-A · Financials

ING Group, N.V

ING · Commercial Banks, NEC

Skanska

SKA-B · Industrials

HSBC Holdings, plc

HSBC · Savings Institution, Federally Chartered

Storskogen Group

STOR-B · Financials

Samhällsbyggnadsbolaget i Norden AB

Real Estate

Päivitetty: 28.9.2026