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Handelsbanken Surprises with Q3 Profit Drop Less Severe Than Anticipated

Post by : Bianca Haleem

Sweden’s Handelsbanken has reported a decline in its third-quarter net profit that was not as severe as many had expected, aided by loan loss reversals and steady interest income.

The 150-year-old financial institution recorded a net profit of 5.95 billion Swedish crowns for Q3, a drop from 7.21 billion last year. This outcome exceeded analysts' forecasts of approximately 5.79 billion, resulting in a relatively positive outlook amid ongoing economic challenges.

Attention on costs continues, as Handelsbanken disclosed a 4% reduction from the previous year and a 5% decrease from the second quarter, attributed to improved efficiency measures and tighter control over expenses.

This early release makes Handelsbanken the first major bank in Stockholm to share its Q3 results. Nordea, despite its Finnish base, also recently highlighted strong profits, driven by increased lending and deposits in Sweden.

Even with difficulties stemming from central bank rate reductions, Handelsbanken’s stable interest income and prudent cost management indicate a resilient banking sector in Sweden, suggesting a potential stabilizing force for investors in a challenging economic landscape.

Oct. 22, 2025 5:09 p.m. 211

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Handelsbanken Surprises with Q3 Profit Drop Less Severe Than Anticipated

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