Swedbank’s decision to take an extra dividend from its Estonian sub-group generates increased tax cost
Swedbank has decided to take an extra dividend from its Estonian sub-group. In addition, changes have been made in Swedbank’s US operations. This will generate one-off tax effects, which will have a negative effect totalling SEK 447m on Swedbank’s result for the second quarter.The European capital regulatory requirements (CRR/CRD IV) have been clarified, which makes it possible to further optimise Swedbank Group’s capital structure. Swedbank’s Estonian sub-group is today very well capitalised following a long period of solid profitability, with a common equity Tier 1 capital ratio of 47.3