Interim Report January- March

First quarter 2013
Compared with the fourth quarter 2012

  • The result for the quarter amounted to SEK 3 525m (4 252)
  • Earnings per share for total operations amounted to SEK 3.21* (3.87) before dilution and SEK 3.19* (3.86) after dilution
  • Earnings per share for continuing operations** after dilution amounted to SEK 3.54* (4.01)
  • The return on equity was 13.8 per cent (16.9) and the return on equity for continuing operations** was 15.3 per cent (17.5)
  • The cost/income ratio was 0.45 (0.44)
  • Net interest income amounted to SEK 5 353m (5 346)
  • Profit before impairments decreased by 5 per cent to SEK 5 039m (5 295)
  • Swedbank reported net credit impairments of SEK 60m (net recoveries of SEK 76m)
  • The Common Equity Tier 1 ratio was 17.3 per cent according to Basel 2 (16.7 per cent on 31 December 2012). The Common Equity Tier 1 ratio according to Basel 3 was 16.4*** per cent (15.4 per cent on 31 December 2012).

First quarter 2013
Compared with the first quarter 2012

  • The result for the period amounted to SEK 3 525m (3 410)
  • Earnings per share for total operations amounted to SEK 3.21* (3.11) before dilution and SEK 3.19* (3.10) after dilution
  • Earnings per share for continuing operations** after dilution amounted to SEK 3.54* (3.35)
  • The return on equity was 13.8 per cent (14.1) and the return on equity for continuing operations** was 15.3 per cent (15.3)
  • The cost/income ratio was 0.45 (0.48)
  • Net interest income increased by 9 per cent to SEK 5 353m (4 895)
  • Profit before impairments increased by 6 per cent to SEK 5 039m (4 745)
  • Swedbank reported net credit impairments of SEK 60m (net recoveries of SEK 96m)

* After deducting the preference share dividend, earnings per share for the first quarter 2013 were SEK 1.63 for total operations. The calculations are specified on page 49.
** Russia and Ukraine are reported as discontinued operations.
*** According to Swedbank’s interpretation of future regulations.

Read the full report on www.swedbank.com/ir or in the pdf document attached.

About Us

Swedbank promotes a sound and sustainable financial situation for the many people, households and companies. Our vision is to contribute to development “Beyond Financial Growth”. As a leading bank in the home markets of Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has over 7 million retail customers and around 647 000 corporate customers and organisations with 225 branches in Sweden and 136 branches in the Baltic countries. The group is also present in other Nordic countries, the US and China. As of 19 July 2017 the group had total assets of SEK 2 426 billion. Read more at www.swedbank.com

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