Interim Report January- September
Third quarter 2013
Compared with second quarter 2013
- The result for the quarter for continuing operations was SEK 4 187m (3 478)
- Earnings per share for continuing operations amounted to SEK 3.82 (3.16) before dilution and SEK 3.79 (3.15) after dilution
- The return on equity for continuing operations was 16.2 per cent (14.1)
- The cost/income ratio was 0.43 (0.46)
- Net interest income amounted to SEK 5 641m (5 409)
- Profit before impairments increased by 8 per cent to SEK 5 230m (4 853)
- Swedbank reported net recoveries of SEK 56m (credit impairments of SEK 88m)
- The Common Equity Tier 1 ratio was 18.8 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 18.0*** per cent (15.4 per cent on 31 December 2012).
January - September 2013
Compared with January - September 2012
- The result for the period for continuing operations amounted to SEK 11 581m (10 872)
- Earnings per share for continuing operations amounted to SEK 10.55* (9.91) before dilution and SEK 10.48* (9.87) after dilution
- 'The return on equity for continuing operations was 15.2 per cent (15.0)´
- The cost/income ratio was 0.45 (0.46)
- Net interest income increased by 9 per cent to SEK 16 403m (15 015)
- Profit before impairments increased by 5 per cent to SEK 15 122m (14 413)
- Swedbank reported net credit impairments of SEK 92m (net recoveries of SEK 109m)
* Without deducting the preference share dividend, earnings per share for the first quarter 2013 were SEK 1.99 for continuing operations after dilution. 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.
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