Swedbank´s Year-End Report 2016
Birgitte Bonnesen, President and CEO comments:
“Heading into 2016 three of our highest priorities were to improve customer value, increase efficiency and strengthen employee engagement. In summing up the past year, I am proud to say that we have made progress in all these areas.”
Interim report for the fourth quarter 2016
Fourth quarter 2016 compared with third quarter 2016
- Increased lending volumes supported net interest income
- Net commission income benefited from positive stock market development
- Higher volumes of covered bond repurchases weighed down Treasury’s result
- Increased provisions in oil related sectors
- Costs in line with expectations
- Stronger capitalisation
- Proposed dividend per share of SEK 13.20 (10.70)
Swedbank AB (publ) is required to disclose this information pursuant to Regulation (EU) No 596/2014 on market abuse, the Swedish Financial Instruments Trading Act (1991:980) and/or the regulatory framework of Nasdaq Stockholm). This information was sent to be published on 2 February 2017 at 07.00 CET.
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 640 000 corporate customers and organisations with 266 branches in Sweden and 143 branches in the Baltic countries. The group is also present in other Nordic countries, the US and China. As of 30 September 2016 the group had total assets of SEK 2 394 billion.
Read more at www.swedbank.com