SREP 2022 decision from the Swedish FSA
Swedbank AB has been informed by the Swedish Financial Supervisory Authority (“SFSA”) of its decision regarding the prudential capital requirements and guidance to be maintained from 30 September 2022, following the 2022 Supervisory Review and Evaluation Process (“SREP”).
| SREP decision on P2R and P2G | 2022 | 2022 | 2021 | 2021 |
| CET1 | Total | CET1 | Total | |
| Pillar 2 Requirement (P2R)1 | 1.49% | 2.27% | 1.17% | 1.73% |
| Pillar 2 Guidance P2G)1 | 1.00% | 1.00% | 1.50% | 1.50% |
| Total Pillar 21 | 2.49% | 3.27% | 2.67% | 3.23% |
| Pillar 2 Guidance leverage ratio2 | 0.45% | 0.45% |
According to the SFSA’s decision, Swedbank’s capital requirement for the consolidated situation including P2G is 17.81% for the Total capital ratio and 13.53% for the Common Equity Tier1 (“CET1”) capital ratio. This is excluding the impending increase of the countercyclical buffer rate on Swedish exposures.
In comparison, as of the end of second quarter 2022, Swedbank reported a CET1 capital ratio of 18.3% and 21.8% regarding Total capital ratio.
Contact:
Annie Ho, Head of Investor Relations, telephone +46 70 343 78 15
Hannes Mård, Communication Manager, telephone +46 73 057 41 95
1 As per cent of Risk-weighted exposure amount (REA).
2 As per cent of Total exposure measure for leverage ratio (LRE).
Swedbank encourages a sound and sustainable financial situation for the many households and businesses. As a leading bank in our 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 600 000 corporate customers and organisations with 154 branches in Sweden and 80 branches in the Baltic countries. The group is also present in other Nordic countries, the US and China. Read more at www.swedbank.com