Year-end report 2011

 

Fourth quarter 2011
Compared with the third quarter 2011

  • The result for the quarter amounted to SEK 965m (3 475)
  • Earnings per share before dilution amounted to SEK 0.88* (3.12) and earnings per share after dilution amounted to SEK 0.88* (3.11)
  • The return on equity was 3.9 per cent (14.4)
  • The cost/income ratio was 0.56 (0.53)
  • Net interest income was SEK 4 994m (4 857)
  • Profit before impairments decreased by 4 per cent to SEK 3 709m (3 859)
  • Swedbank reported net recoveries of SEK 174m (441)
  • Swedbank’s goodwill related to Latvia was written down by SEK 1 913m to SEK 1 955m
  • The core Tier 1 capital ratio was 15.7 per cent according to Basel 2 (13.9 per cent on 31 December 2010). The core Tier 1 capital ratio according to Basel 3 was 14.7** per cent.

Full-year 2011
Compared with full-year 2010

  • The result for the period amounted to SEK 11 744m (7 444)
  • Earnings per share before dilution amounted to SEK 9.53* (6.43) and earnings per share after dilution amounted to SEK 9.52* (6.43)
  • The return on equity was 12.2 per cent (8.1)
  • The cost/income ratio was 0.53 (0.57)
  • Net interest income increased by 17 per cent to SEK 19 118m (16 329)
  • Profit before impairments increased by 17 per cent to SEK 15 646m (13 402)
  • Swedbank reported net recoveries of SEK 1 911m (credit impairments of 2 810)
  • Swedbank’s goodwill related to Latvia was written down by SEK 1 913m to SEK 1 955m during the fourth quarter.
  • The proposed dividend per share is SEK 5.30 for both the common shares and preference shares.

*  The calculation of earnings per share is specified on page 43.
** Swedbank’s estimate based on current knowledge of future regulation.


Read the full report at www.swedbank.com/ir

 

 

About Us

Swedbank promotes a sound and sustainable financial situation for the many people, households and companies. Our vision is to contribute to a development “Beyond Financial Growth”. As a leading bank in the home markets Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has 7.9 million retail customers and around 600,000 corporate customers and organizations with 308 branches in Sweden and approximately 190 branches in the Baltic countries. The group is also present in other Nordic countries, the U.S. and China. As of 31 March, 2013 the group had total assets of SEK 1,917 billion.

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