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