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Svenska Handelsbanken AB Class A SHB A Stock Quote

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Morningstar‘s Stock Analysis SHB A

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Is it the right time to buy or sell?

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Svenska Handelsbanken: A High-Quality European Bank

Niklas Kammer, CFA Equity Analyst

Business Strategy and Outlook

| Niklas Kammer, CFA |

Handelsbanken's predominant feature is a decentralised approach to banking, which gives higher decision-making power to its branches and reduces the need for middle management. This generates stronger customer relationships, allowing for better loan underwriting, which keeps credit costs low. We believe Handelsbanken is one of the best-run banks in Europe. While we acknowledge it has been late to the digital game relative to peers and its business model does not lend itself to a centralised efficiency splurge, we think concerns that Handelsbanken has seen its best days are exaggerated.

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Key Statistics SHB A

Company Profile SHB A

Business Description

Handelsbanken is one of the largest Swedish banks with significant exposure to the Swedish mortgage market; about 44% of total loans are tied to the Swedish real estate market. Outside of Sweden, the bank operates primarily in the U.K. and Netherlands. Handelsbanken generates about three fourths of its income through its interest spread-based business, including mortgages, household loans, and corporate loans to large and small enterprises. The bank increasingly offers asset-management, mutual fund and private banking services to its clients.

Kungstradgardsgatan 2
Stockholm, SE-106 70, Sweden
T +46 87011000
Industry Banks - Diversified
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 10,880

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