Svenska Handelsbanken AB

Svenska Handelsbanken AB (Handelsbanken) is a universal bank, providing retail, private, corporate and investment banking products and services to individuals, companies, corporations and institutions.

Financials

Total Assets (2017)
2 012.88 bln SEK  (+6.24%)
Number of Employees (2017)
6 519  (-0.85%)

In 2017 total assets of Svenska Handelsbanken AB were 2 012,88 bln SEK. Svenska Handelsbanken AB had 6 519 employees in 2017.

Svenska Handelsbanken AB is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is AA- (very high credit quality). Long-term credit rating assigned to the bank by Moody's is Aa2 (high grade).

Svenska Handelsbanken AB participates in deposit guarantee scheme of Sweden. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Svenska Handelsbanken AB is a member of Svenska Handelsbanken (Sweden).

Contacts

Kungsträdgårsgatan 2, 106 70, Stockholm, Sweden
08-701 10 00

Svenska Handelsbanken AB is headquartered in Stockholm.

Bank Identifiers

MFI ID
SE11123
Company Number
502007-7862

Financial Positions

Total Assets (2017)
2 012.88 bln SEK  (+6.24%)
Total Equity (2017)
120.20 bln SEK  (+3.05%)

In 2017 total assets of Svenska Handelsbanken AB were 2 012.88 bln SEK. Growth compared to the previous period (2016) was 6.24%. The evolution of the total assets of Svenska Handelsbanken AB is shown at Chart 1 below.

Total Assets of Svenska Handelsbanken AB.

Chart 1. Total Assets of Svenska Handelsbanken AB.

Recent changes in total assets of Svenska Handelsbanken AB and its main components are shown in Table 1.

2016 2017 % change
Loans to customers 763.6 765.7 +0.28%
Total Assets 1 894.7 2 012.9 +6.24%
Table 1. Recent changes in total assets of Svenska Handelsbanken AB (bln SEK).

Recent changes in total liabilities of Svenska Handelsbanken AB and its main components are shown in Table 2.

2016 2017 % change
Customer deposits 827.8 941.4 +13.73%
Total Liabilities 1 894.7 2 012.9 +6.24%
Table 2. Recent changes in total liabilities of Svenska Handelsbanken AB (bln SEK).

Number of Employees

Number of Employees (2017)
6 519  (-0.85%)

In 2017 there were 6 519 employees of Svenska Handelsbanken AB. Decline compared to the previous period (2016) was -0.85%. The evolution of the number of employees of Svenska Handelsbanken AB is shown at Chart 2 below.

Number of Employees of Svenska Handelsbanken AB.

Chart 2. Number of Employees of Svenska Handelsbanken AB.

Credit Ratings (as of May 2018)

Fitch Moody's
AA- (very high credit quality) Aa2 (high grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Svenska Handelsbanken AB is rated by Fitch and Moody's.

Credit ratings assigned to Svenska Handelsbanken AB as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Svenska Handelsbanken AB it is set to AA- (very high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Svenska Handelsbanken AB is set to F1+ (highest short-term credit quality).

Long-Term Issuer Default Rating  AA-
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F1+
Viability Rating  aa-
Support Rating  2
Support Rating Floor  BBB-

Viability rating for Svenska Handelsbanken AB is set to aa- (very high fundamental credit quality); support rating is 2 (high probability of external support); support rating floor is BBB- (good credit quality).

Moody's

Long-term rating for Svenska Handelsbanken AB it is set to Aa2 (high grade). Long-term bank deposit rating is Aa2 (high grade). Baseline credit assessment is a2. Short-term rating is not assigned.

Long-Term Rating  Aa2
Long-Term Bank Deposit Rating  Aa2
Baseline Credit Assessment  a2
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of Svenska Handelsbanken AB is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Sweden are obliged to participate in Swedish deposit guarantee scheme.

In the case of Svenska Handelsbanken AB failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  private individuals, companies and other legal entities
Covered Accounts  deposits in all types of accounts
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Svenska Handelsbanken AB is shown in the table below.

MFI ID  SE11123

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  502007-7862

Domestic Presence

Branches (2017)
420  (-3.45%)

In 2017 Svenska Handelsbanken AB had 420 branches in Sweden. Decline compared to the previous period (2016) was -3.45%. The evolution of the number of branches of Svenska Handelsbanken AB is shown at Chart 3 below.

Branches of Svenska Handelsbanken AB.

Chart 3. Branches of Svenska Handelsbanken AB.