Svenska Handelsbanken : Factbook

BOKSLUTSKOMMUNIKÉ JANUARI - MARS 2022

PRESSMEDDELANDE

Fact book

2024 Q1

Handelsbanken

Contents

• Income statement

o Income statement - Handelsbanken Group	3
o Income statement - Discontinued operations	3
o	EPS - Earnings Per Share	4
o Consolidated statement of comprehensive income	4
o	Key figures	5
o Calculation of key figures	6
o One-offs and special items	7

1. Swedish Risk tax, fees for the Resolution Fund

and deposit guarantee	8
o Exchange rates - by segment	9

1. Notes

		Net interest income	10
	 Net fee and commission income	10
	 Net gains/losses on financial transactions	11
		Expenses	11
		Development expenses	12
		Credit losses	13
Segment information	14
		Handelsbanken Sweden	15
		Handelsbanken UK	17
		Handelsbanken Norway	20
		Handelsbanken Netherlands	23
		Handelsbanken Capital Markets	26
		Other	27
		Discontinued operations	28
	 Income statement in accordance with
		previous segment reporting	29
Balance sheet	30
	Business volumes	31

1. Lending to the public

	By sector	31
	Credit risk exposure	32
 By country, end of period	33

1. Savings and deposits

	 Assets under management	34
	 Deposits and borrowing from the public by country	35
 Own funds and capital requirement	36
	Funding	40
	Liquidity	44
	Share and shareholders	47
	Definitions and explanations	48
 Contacts and Financial calender	53

2	Handelsbanken

Income statement

Income statement - Svenska Handelsbanken Group

	Q1	Q4	Q3	Q2	Q1	Q4	Q3	Q2
SEK m	2024	2023	2023	2023	2023	2022	2022	2022
Interest income	43,993	45,665	42,885	38,329	32,926	27,151	18,314	12,122
Interest expenses	-32,406	-33,443	-30,701	-26,642	-21,441	-16,520	-8,734	-3,732
Net interest income	11,587	12,222	12,184	11,687	11,485	10,631	9,579	8,390
Net fee and commission income	2,754	2,800	2,812	2,761	2,766	2,694	2,700	2,710
Net gains/losses on financial transactions	750	579	1,087	393	602	570	535	15
Net insurance result	125	207	79	116	91	60	93	-74
Other dividend income	2	1		1	1	15	-14	15
Share of profit of associates and joint ventures	68	-17	49	20	-1	-2	27	-40
Other income	32	64	32	187	42	85	25	38
Total income	15,318	15,854	16,244	15,166	14,985	14,053	12,946	11,053
Staff costs	-3,935	-3,531	-3,382	-3,259	-3,470	-3,468	-3,266	-3,148
Other expenses	-2,056	-2,152	-1,839	-1,953	-1,852	-1,949	-1,421	-1,597
Depreciation, amortisation and impairment of property,
equipment and intangible assets	-479	-402	-466	-421	-454	-423	-412	-381
Total expenses	-6,470	-6,086	-5,686	-5,634	-5,776	-5,839	-5,100	-5,126
Profit before credit losses, risk tax and resolution fee	8,848	9,768	10,558	9,531	9,210	8,214	7,846	5,927
Net credit losses	95	-52	-1	-58	-30	-54	69	-56
Gains/losses on disposal of property,
equipment and intangible assets	4	6	3	4	7		6	4
Risk tax and resolution fee	-680	-664	-653	-636	-671	-582	-576	-594
Operating profit	8,267	9,057	9,908	8,841	8,516	7,578	7,346	5,281
Taxes	-1,874	-2,093	-2,324	-2,066	-1,934	-1,325	-1,719	-1,144
Profit for the period from
continuing operations	6,393	6,965	7,583	6,775	6,582	6,252	5,627	4,138
Profit for the period from discontinued operations after tax	211	280	368	329	232	-265	165	73
Profit for the period	6,604	7,244	7,952	7,104	6,814	5,988	5,791	4,212
Attributable to
Shareholders in Svenska Handelsbanken AB	6,603	7,240	7,950	7,103	6,814	5,987	5,791	4,211
Non-controlling interest	1	6	1	0	1	0	0	0
Discontinued operations
	Q1	Q4	Q3	Q2	Q1	Q4	Q3	Q2
SEK m	2024	2023	2023	2023	2023	2022	2022	2022
Net interest income	563	619	631	588	530	1,145	911	732
Net fee and commission income	90	97	103	106	100	238	260	294
Net gains/losses on financial transactions	5	9	7	7	6	-16	-18	-15
Net insurance result	4	3	5	4	5	5	3	1
Other income	0	9	0	0		22	28	13
Total income	662	738	743	707	641	1,394	1,185	1,024
Staff costs	-215	-264	-189	-175	-213	-368	-613	-362
Other expenses	-142	-132	-103	-108	-121	-432	-353	-533
Depreciation, amortisation and impairment of property,
equipment and intangible assets						0	0	-1
Total expenses	-357	-397	-292	-283	-334	-800	-966	-896
Profit before credit losses, risk tax and resolution fee	305	342	451	424	306	593	219	129
Net credit losses	-3	9	17	-1	16	-25	-20	58
Gains/losses on disposal of property,
equipment and intangible assets	0	0	0	-1			2	0
Risk tax and resolution fee	-34	-24	-25	-18	-30	-37	-41	-44
Profit for the period from discontinued operations
before tax	269	327	444	404	292	531	160	143
Taxes	-54	-43	-64	-58	-35	-448	5	-69
Profit for the period from discontinued operations after
tax	211	280	368	329	232	-265	165	73

3	Handelsbanken

Earnings per share

	Q1	Q4	Q3	Q2	Q1	Q4	Q3	Q2
	2024	2023	2023	2023	2023	2022	2022	2022
Profit for the year, attributable to shareholders in Svenska
Handelsbanken AB	6,603	7,240	7,950	7,103	6,814	5,987	5,791	4,211
- of which interest expense on
convertible subordinated loan after tax	0	0	0	0	0	0	0	0
Average number of outstanding shares, million	1,980	1,980	1,980	1,980	1,980	1,980	1,980	1,980
Average number of outstanding shares after dilution,
million	1,980	1,980	1,980	1,980	1,980	1,980	1,980	1,980
Earnings per share, SEK	3.33	3.66	4.02	3.59	3.44	3.02	2.93	2.13
- after dilution	3.33	3.66	4.02	3.59	3.44	3.02	2.93	2.13

Consolidated statement of other comprehensive income

	Q1	Q4	Q3	Q2	Q1	Q4	Q3	Q2
SEK m	2024	2023	2023	2023	2023	2022	2022	2022
Profit for the period	6,604	7,244	7,952	7,104	6,814	5,988	5,791	4,212
Other comprehensive income
Items that will not be reclassified to the income statement
Defined benefit pension plans	1,767	-4,087	1,126	955	-220	-1,087	-100	2,558
Instruments measured at fair value through other
comprehensive income - equity instruments	50	6	-9	35	31	-49	74	7
Tax on items that will not be reclassified to income
statement	-340	832	-229	-201	37	220	4	-522
of which defined benefit pension plans	-329	834	-230	-195	41	224	20	-523
of which equity instruments measured at fair value
through other comprehensive income	-11	-2	1	-6	-4	-3	-15	1
Total items that will not be reclassified to the income
statement	1,477	-3,250	889	789	-152	-917	-21	2,043
Items that may subsequently be reclassified to the income statement
Cash flow hedges	-109	557	-675	399	333	-1,499	852	-706
Instruments measured at fair value through other
comprehensive income - debt instruments	12	9	18	0	-2	28	-14	-30
Insurance contracts	194	-500	120	36	-52	-28	32	370
Translation differences for the period	2,074	-2,801	-1,250	3,307	-335	766	-206	869
of which hedging net investment in foreign operations	-387	182	220	-293	-78	-88	-8	-158
Tax on items that may subsequently be reclassified to the
income statement	-25	107	97	-225	134	-305	-170	184
of which cash flow hedges	22	-115	139	-82	-69	309	-176	146
of which debt instruments measured at fair value
through other comprehensive income	-3	-2	-3	0		-6	3	6
of which hedging net investment in foreign operations	80	-37	-45	60	16	18	2	32
of which translation difference	-124	261	7	-204	187	-626
Total items that may subsequently be reclassified to
the income statement	2,146	-2,628	-1,689	3,520	79	-1,038	494	686
Total other comprehensive income for the period	3,623	-5,880	-801	4,307	-73	-1,956	474	2,728
Total comprehensive income for the period	10,227	1,365	7,151	11,411	6,741	4,032	6,265	6,940
Attributable to
Shareholders in Svenska Handelsbanken AB	10,226	1,359	7,151	11,411	6,741	4,032	6,265	6,940
Non-controlling interest	1	6	0	-2	1	-1	0	0

4	Handelsbanken

Handelsbanken Group - Key figures

	Q1	Q4	Q3	Q2	Q1	Q4	Q3	Q2
SEK m	2024	2023	2023	2023	2023	2022	2022	2022
Return on equity, total operations	13.7%	15.2%	17.3%	16.2%	15.0%	13.6%	13.6%	10.2%
C/I ratio, Continuing operations	42.2%	38.4%	35.0%	37.1%	38.5%	41.5%	39.4%	46.4%
C/I ratio, Total operations	43.1%	39.6%	35.4%	37.6%	39.3%	43.2%	43.2%	50.1%
Adjusted equity per share, SEK	95.69	103.48	103.03	98.99	93.39	98.14	95.48	92.58
Common equity tier 1 ratio, CRR	18.8%	18.8%	19.4%	19.8%	19.4%	19.6%	19.0%	18.7%
Total capital ratio, CRR	22.4%	23.9%	24.5%	24.2%	23.6%	23.8%	23.2%	23.4%
Average number of employees	12,200	11,974	11,889	11,537	11,331	11,174	11,105	10,791
Number of branches, Sweden	207	206	206	206	205	205	205	205
Number of branches, Great Britain	158	158	161	161	161	162	162	162
Number of branches in Norway	36	39	39	41	41	41	41	41
Number of branches in Finland								27
Number of branches in the Netherlands	27	27	27	27	27	27	27	28
Number of branches in other countries	4	4	4	4	4	4	4	4
Total number of branches	432	434	437	439	438	439	439	467

Average number of employees

	Q1	Q4	Q3	Q2	Q1	Q4	Q3	Q2
	2024	2023	2023	2023	2023	2022	2022	2022
Sweden	7,491	7,391	7,412	7,203	7,137	7,065	7,021	6,786
UK	3,075	3,041	2,984	2,887	2,781	2,725	2,682	2,630
Norway	1,029	945	904	861	844	819	835	809
The Netherlands	442	426	417	415	401	393	383	380
Total in home markets	12,037	11,803	11,717	11,366	11,163	11,002	10,921	10,605
Denmark						398	591	589
Finland	562	567	593	591	574	567	605	604
USA	55	55	53	53	52	53	54	53
Luxembourg	51	53	50	50	50	49	48	50
Poland	15	15	16	15	15	15	15	15
France	0	1	2	2	3	3	3	3
Other countries (Representative office)	2	2	2	2	2	2	2	2
Total	12,722	12,496	12,433	12,079	11,859	12,089	12,239	11,921

5	Handelsbanken

Calculation of key figures

For definitions, please see page 51-53

Return on equity

= Profit for the period on a full-year basis in relation to average adjusted equity.

	Q1	Q4	Q3	Q2	Q1	Q4	Q3	Q2
SEK m	2024	2023	2023	2023	2023	2022	2022	2022
Equity	189,571	205,085	203,747	196,286	184,875	194,024	189,958	183,533
Adjustment defined benefit pension plans	-13,401	-11,963	-15,216	-14,321	-13,561	-13,739	-14,604	-14,683
Adjustment fair value reserve	-246	-197	-188	-181	-151	-126	-156	-108
Adjustment hedge reserve	-94	-181	262	-274	43	307	-883	-206
Adjustment traditional life insurance contracts	-590	-396	-897	-777	-741	-793	-821	-789
Reversed weighted dividend	19,025	0	0	0	12,359	0	0	0
Total adjusted equity	194,265	192,348	187,708	180,733	182,824	179,673	173,494	167,747
Adjusted equity, average *	193,307	190,028	184,220	175,599	181,249	176,584	170,621	164,946
Adjustment for impact of conversions on adjusted
equity, quarterly average	0	0	0	0	0	0	0	0
Actual quarterly average of converted shares	0	0	0	0	0	0	0	0
Capital Markets's holdings of SHB shares, average	0	0	0	0	0	0	0	0
Adjusted equity, quarterly average	193,307	190,028	184,220	175,599	181,249	176,584	170,621	164,946
Profit for the period	6,604	7,244	7,952	7,104	6,814	5,988	5,791	4,212
Return on equity, total operations	13.7%	15.2%	17.3%	16.2%	15.0%	13.6%	13.6%	10.2%

* Opening balance for the period adjusted for weigheted dividend.

Adjusted equity per share

= Total adjusted equity in relation to the number of outstanding shares after dilution.

	Q1	Q4	Q3	Q2	Q1	Q4	Q3	Q2
SEK m	2024	2023	2023	2023	2023	2022	2022	2022
Equity	189,571	205,085	203,747	196,286	184,875	194,024	189,958	183,533
Adjustment minority share	0	-8	-2	-2	-4	-3	-13	-12
Adjustment hedge reserve	0	-181	262	-274	43	307	-883	-206
Outstanding convertible loan (included in subordinated
liabilities item)	0	0	0	0	0	0	0	0
Total adjusted equity	189,571	204,896	204,007	196,010	184,914	194,328	189,062	183,315
Number of outstanding shares after dilution (millions)	1,980	1,980	1,980	1,980	1,980	1,980	1,980	1,980
Adjusted shareholders' equity per share, SEK	95.69	103.48	103.03	98.99	93.39	98.14	95.48	92.58

Credit loss ratio

= Credit losses on loans to the public (expected and actual), net, annualised in relation to lending to the public at beginning of the year.

	Q1	Q4	Q3	Q2	Q1	Q4	Q3	Q2
SEK m	2024	2023	2023	2023	2023	2022	2022	2022
Credit losses, net	95	-52	-1	-58	-30	-54	69	-56
of which other loans than loans to the public	50	-37	16	-49	49	-17	31	-17
Credit losses on loans to the public	45	-15	-17	-9	-79	-37	38	-39
Total loans the public at beginning of year	2,291,808	2,315,818	2,315,818	2,315,818	2,315,818	2,180,316	2,180,316	2,180,316
Credit loss ratio	-0.01%	0.00%	0.00%	0.00%	0.01%	0.01%	-0.01%	0.01%

6	Handelsbanken

One-offs and special items in Operating profit

Continuing operations

	Q1	Q4	Q3	Q2	Q1	Q4	Q3	Q2
SEK m	2024	2023	2023	2023	2023	2022	2022	2022
Reversal of value added tax paid when divesting card
acquiring business (Income)				158
Funding cost related to discontinuing operations in Finland						-295	-60	24
Oktogonen profit-sharing scheme (staff costs)	-233	-83			-202	-51	-61	-50
Payroll tax on pension due to unclaimed reimbursement
for pension costs (staff costs)						-152
Total	-233	-83		158	-202	-498	-122	-26
Discontinued operations
	Q1	Q4	Q3	Q2	Q1	Q4	Q3	Q2
SEK m	2024	2023	2023	2023	2023	2022	2022	2022
Funding cost related to discontinuing operations in Finland						295	60	-24
Oktogonen profit-sharing scheme (staff costs)						-16
Total						279	60	-24
Total operations
	Q1	Q4	Q3	Q2	Q1	Q4	Q3	Q2
SEK m	2024	2023	2023	2023	2023	2022	2022	2022
Reversal of value added tax paid when divesting card
acquiring business (Income)				158
Funding cost related to discontinuing operations in Finland						0	0	0
Oktogonen profit-sharing scheme (staff costs)	-233	-83			-202	-67	-61	-50
Payroll tax on pension due to unclaimed reimbursement
for pension costs
(staff costs)						-152
Total	-233	-83		158	-202	-219	-121	-50

7	Handelsbanken

Swedish Risk tax and Fees for the Resolution Fund and Deposit guarantee

Continuing operations

	Q1	Q4	Q3	Q2	Q1	Q4	Q3	Q2
SEK m	2024	2023	2023	2023	2023	2022	2022	2022
Swedish risk tax
Handelsbanken Sweden	-302	-300	-299	-302	-298	-229	-230	-249
Handelsbanken UK
Handelsbanken Norway	-58	-57	-58	-57	-58	-43	-44	-47
Handelsbanken the Netherlands	-18	-18	-17	-16	-19	-11	-12	-8
Handelsbanken Capital Markets	-9	-7	-6	-9	-5	-3	-3	-1
Other	-27	-29	-29	-29	-30	-40	-41	-25
Total Swedish risk tax	-414	-411	-411	-411	-411	-329	-329	-329
Swedish Resolution Fund
Handelsbanken Sweden	-209	-181	-181	-163	-194	-186	-187	-196
Handelsbanken UK
Handelsbanken Norway	-45	-47	-38	-35	-43	-47	-47	-48
Handelsbanken the Netherlands	-15	-13	-11	-9	-10	-8	-8	-10
Handelsbanken Capital Markets	-6	-3	-4	-4	-4	-4	-4	-5
Other	10	-8	-8	-14	-9	-8		-5
Total fees for the Swedish Resolution Fund	-266	-253	-242	-225	-260	-253	-247	-265
Total Risk tax and resolution fee	-680	-664	-653	-636	-671	-582	-576	-594
Swedish deposit guarantee
Handelsbanken Sweden	-54	12	-77	-77	-77	-120	-60	-59
Handelsbanken UK	0	0	0
Handelsbanken Norway	-5	1	-6	-6	-6	-10	-5	-5
Handelsbanken the Netherlands	-1	0	-1	0	-1	-1	0	-1
Handelsbanken Capital Markets	0	0	0	0	0	0	0	0
Other		-2	0	1	-1	-2
Total fees for Swedish deposit guarantee *	-59	13	-84	-83	-85	-133	-64	-65
Norwegian deposit guarantee *
Handelsbanken Norway	-2	-2	-2	-1	-2	-1	-2	-1
Total fees for deposit guarantee	-61	11	-86	-85	-86	-134	-66	-67
Total Risk tax and state fees	-741	-653	-739	-721	-757	-716	-642	-661
* The fees are booked in the Net Interest Income.

Discontinued operations

	Q1	Q4	Q3	Q2	Q1	Q4	Q3	Q2
SEK m	2024	2023	2023	2023	2023	2022	2022	2022
Swedish Resolution Fund
Denmark						-11	-16	-17
Finland	-34	-24	-25	-18	-30	-26	-25	-28
Total fees for the Swedish Resolution Fund	-34	-24	-25	-18	-30	-37	-41	-44
Swedish deposit guarantee
Denmark						-6	-4	-3
Finland	-2	1	-4	-4	-3	-5	-3	-4
Total fees for deposit guarantee	-2	1	-4	-4	-3	-11	-7	-7
Total State fees	-36	-23	-29	-22	-33	-48	-48	-52

8	Handelsbanken

Exchange rates

	31 Mar	31 Dec	30 Sep	30 Jun	31 Mar
SEK, End of period (Balance sheet)	2024	2023	2023	2023	2023	Change y/y	Change q/q
DKK	1.5450	1.4930	1.5468	1.5818	1.5134	2%	3%
EUR	11.5223	11.1270	11.5369	11.7786	11.2729	2%	4%
GBP	13.4709	12.7997	13.3216	13.7021	12.8213	5%	5%
NOK	0.9858	0.9923	1.0228	1.0081	0.9900	0%	-1%
USD	10.6777	10.0524	10.9024	10.7912	10.3498	3%	6%
	31 Mar	31 Dec	30 Sep	30 Jun	31 Mar
SEK, Average as from 1 Jan (Income statement)	2024	2023	2023	2023	2023	Change y/y	Change q/q
DKK	1.5130	1.5406	1.5409	1.5214	1.5051	1%	-2%
EUR	11.2812	11.4789	11.4779	11.3290	11.2022	1%	-2%
GBP	13.1755	13.2010	13.1871	12.9258	12.6851	4%	0%
NOK	0.9882	1.0054	1.0123	1.0024	1.0196	-3%	-2%
USD	10.3936	10.6166	10.5937	10.4793	10.4338	0%	-2%

The effect of exchange rate movements - by Segment

Jan - Mar 2024 vs. same period last year		Segment
					Other &	Continuing	Discontinued
SEK m	UK	NO	NL	HCM	elimin.	operations	operations
Net interest income	92	-31	3	0	13	78	4
Net fee and commission income	8	-4	0	0	0	5	1
Net result of financial transactions	2	-1	0	-3	0	-1	0
Other income	0	0	0	0	0	0	0
Total income	103	-35	3	-3	13	81	5
Staff costs	-28	8	-1	0	-2	-23	-2
Other administrative expenses	-18	8	-1	-2	1	-11	-1
Depreciation and amortisation	-3	1	0	0	0	-2	0
Total expenses	-49	18	-2	-2	-1	-36	-2
Net loan losses	-1	0	0	0	0	-1	0
Gains/losses on disposal of property,
equipment and intangible assets	0	0	-	0	0	0	0
Risk tax and resolution fee	-	-	-	-	-	-	-
Operating profit	53	-18	2	0	7	45	2
Q1 2024 / föregående kvartal		Segment
					Other &	Continuing	Discontinued
SEK m	UK	NO	NL	HCM	elimin.	operations	operations
Net interest income	-11	4	-8	-2	-6	-22	-10
Net fee and commission income	-1	0	-1	-1	-1	-3	-2
Net result of financial transactions	0	0	0	0	-1	-1	0
Other income	0	0	0	0	0	0	0
Total income	-12	5	-9	-3	-7	-27	-12
Staff costs	3	-1	2	2	1	7	4
Other administrative expenses	3	-1	3	0	0	4	2
Depreciation and amortisation	0	0	-1	0	1	0	0
Total expenses	6	-2	4	2	1	11	6
Net loan losses	0	0	0	0	0	0	0
Gains/losses on disposal of property,
equipment and intangible assets	0	0	0	0	-	0	0
Risk tax and resolution fee	-	-	-	-	-	-	-
Operating profit	-6	1	-4	-1	-6	-15	-5

9	Handelsbanken

Net interest income

	Q1	Q4	Q3	Q2	Q1	Q4	Q3	Q2
SEK m	2024	2023	2023	2023	2023	2022	2022	2022
Interest income
Loans to credit institutions and central banks	8,458	8,391	8,106	6,826	5,939	5,069	2,650	926
Loans to the public	26,282	25,782	24,682	21,842	19,212	16,491	12,473	10,209
Interest-bearing securities eligible as collateral with central
banks	2,433	2,319	2,376	2,160	1,255	730	297	190
Bonds and other interest-bearing securities	609	621	596	646	213	315	285	164
Derivative instruments	7,012	9,593	7,972	7,875	6,787	4,716	2,548	445
Other interest income	98	207	210	203	233	286	302	296
Total	44,890	46,914	43,941	39,552	33,639	27,607	18,555	12,230
Deduction of interest income reported in Net gains/losses
on financial transactions	-898	-1,249	-1,057	-1,221	-715	-456	-241	-108
Total interest income	43,993	45,665	42,885	38,329	32,926	27,151	18,314	12,122
of which interest income according to the effective interest
method and interest on derivatives in hedge accounting	38,018	37,818	36,467	31,708	27,609	23,395	15,806	11,061
Interest expense
Due to credit institutions and central banks	-772	-871	-1,033	-1,208	-656	-917	-447	-190
Deposits and borrowing from the public	-10,957	-10,417	-9,982	-8,178	-6,618	-4,793	-2,276	-757
Issued securities	-13,603	-12,551	-12,741	-11,334	-9,357	-7,563	-4,850	-2,546
Derivative instruments	-7,554	-10,200	-7,301	-6,188	-4,873	-3,080	-916	78
Subordinated liabilities	-475	-409	-438	-391	-377	-369	-399	-300
Deposit guarantee fee	-61	11	-86	-85	-86	-134	-66	-67
Other interest expenses	-117	-144	-137	-117	-115	-101	-131	-76
Total	-33,539	-34,580	-31,717	-27,502	-22,082	-16,957	-9,085	-3,858
Deduction of interest expense reported in Net
gains/losses on financial transactions	1,134	1,137	1,016	861	640	436	351	127
Total interest expense	-32,406	-33,443	-30,701	-26,642	-21,441	-16,520	-8,734	-3,732
of which interest expense according to the effective
interest method and interest on derivatives in hedge
accounting	-29,885	-28,811	-28,113	-24,019	-19,295	-15,090	-8,075	-3,440
Net interest income	11,587	12,222	12,184	11,687	11,485	10,631	9,579	8,390

Net fee and commission income

	Q1	Q4	Q3	Q2	Q1	Q4	Q3	Q2
SEK m	2024	2023	2023	2023	2023	2022	2022	2022
Brokerage and other securities commissions	106	102	84	111	123	106	97	109
Mutual funds	1,400	1,393	1,403	1,387	1,351	1,322	1,348	1,355
Custody and other asset management fees	262	257	255	251	234	232	204	224
Advisory services	55	36	63	32	105	24	34	33
Insurance	179	169	170	167	167	163	167	168
Payments	674	715	718	715	663	702	696	681
Loans and deposits	265	281	296	283	296	303	281	285
Guarantees	48	52	48	46	50	48	51	52
Other	129	141	131	135	129	142	134	136
Total fee and commission income	3,118	3,145	3,169	3,127	3,118	3,042	3,010	3,044
Securities	-76	-66	-69	-51	-57	-50	-50	-61
Payments	-261	-248	-258	-284	-263	-264	-233	-249
Other	-27	-31	-30	-31	-32	-33	-26	-25
Total fee and commission expenses	-364	-346	-357	-366	-352	-348	-310	-334
Net fee and commission income	2,754	2,800	2,812	2,761	2,766	2,694	2,700	2,710

10	Handelsbanken