Interim Report January- March
First quarter 2012
Compared with the fourth quarter 2011
- The result for the quarter amounted to SEK 3 425m (965)
- Earnings per share before dilution amounted to SEK 2.21* (0.88) and earnings per share after dilution amounted to SEK 2.20* (0.88)
- The return on equity was 14.0 per cent (3.9)
- The cost/income ratio was 0.48 (0.57)
- Net interest income increased by 5 per cent to SEK 5 208m (4 967)
- Profit before impairments increased by 29 per cent to SEK 4 768m (3 709)
- Swedbank reported net credit impairments of SEK 172m (net recoveries of 174)
- The core Tier 1 capital ratio was 15.9 per cent according to Basel 2 (15.7 per cent on 31 December 2011). The core Tier 1 capital ratio according to Basel 3 was 14.9** per cent (14.7 per cent on 31 December 2011).
First quarter 2012
Compared with the first quarter 2011
- The result for the period amounted to SEK 3 425m (3 852)
- Earnings per share before dilution amounted to SEK 2.21* (2.47) and earnings per share after dilution amounted to SEK 2.20* (2.47)
- The return on equity was 14.0 per cent (16.1)
- The cost/income ratio was 0.48 (0.53)
- Net interest income increased by 16 per cent to SEK 5 208m (4 501)
- Profit before impairments increased by 17 per cent to SEK 4 768m (4 068)
- Swedbank reported net credit impairments of SEK 172m (net recoveries of 972)
* The calculation of earnings per share is specified on page 40.
** Swedbank’s estimate based on current knowledge of future regulation.
Read the full report on www.swedbank.com/ir or in the pdf document attached.