Swedbank receives approval to use advanced IRB approach
Swedbank has on June 13 received approval from Sweden’s financial services authority, Finansinspektionen, to use the advanced internal ratings-based (A-IRB) approach for its corporate exposures in Sweden and Norway. This will reduce the bank’s risk exposure amount (REA) by nearly SEK 70bn, a bit more than previously estimated. It will also strengthen the Common Equity Tier 1 capital ratio by approximately 3.4 percentage points, calculated as of end-March 2014. More detailed information about the effects will be published in the bank’s interim report for the second quarter on Friday 18