Fact book Q April 2007
|
|
- Calvin Osborn Barton
- 5 years ago
- Views:
Transcription
1 Fact book Q April 27 Contents page General information 2 Mission, vision, values and markets 2 Financial objectives 3 Geographic reach and market shares 4 Macro economic indicators 5-6 Business volumes 7 Lending 7-8 Savings and investments 9 Other products 1 Market shares 11 Income statement and key figures 12 5-year summary 12 9 quarter summary 13 Income analysis 14 Margin analysis 15 Expense analysis 16 Employees and customers 17 Business areas 18 Swedish Banking 18 Baltic Banking 19 Estonia 2 Latvia 2 Lithuania 21 Russia 21 Swedbank Markets 22 Asset Management and Insurance 22 Shared Services and New Operations, Eliminations 23 Balance Sheet and risks 24 Balance sheet and rating 24 Maturity structure 25 Capital adequacy analysis 25 Asset quality Organisation and executive management 28 Shareholders and share data 29 Contacts and financial calendar 3
2 Mission, vision, values and markets Q1 27 Mission By understanding and acting upon our customers needs, we can offer them the best financial solutions and thereby help them to improve their financial situation. In this way, we can continuously increase our company s value and serve as a positive force in society. Vision We want to be the leading financial institution in the markets where we are present. By leading we mean: highest customer satisfaction in each geographic market most profitable in each geographic market most attractive employer in each geographic market Values We believe that the Group s strong performance and growing international recognition is the result of a performance orientated culture, transparent communication, a willingness to change, and the high commitment of our employees. Service leadership Swedbank is aiming for a position of leadership in service. The essence of the Swedbank brand is to make our customers everyday lives easier through our mindset, our attitude, our presence and our offer. Home markets, universal banking Sweden - Swedbank Estonia - Hansabank Latvia - Hansabank Lithuania - Hansabank Other markets, niche banking Denmark - 2 Swedbank branches Finland - Swedbank branch Norway - Swedbank branch, investment banking through First Securities (51% owned), EnterCard (5% owned) Russia - Corporate banking and leasing in Moscow, Kaliningrad and St Petersburg Ukraine - Representative office in Kiev USA - Merchant/investment banking in New York Luxemburg - Banking for Swedish expatriates China - Representative office in Shanghai Japan - Representative office in Tokyo Spain - Representative office in Marbella Norway Denmark Sweden Finland Estonia Russia Latvia Lithuania Ukraine International growth three options 1) Retail banking in Nordic and Baltic regions controlling share any acquisition should give a positive contribution to group RoE long-term 2) Acquisition-led expansion within certain product areas economies of scale cross-border customer value additional distribution channels 3) Greenfield investment in Nordic metropolitan retail operations 2
3 Financial objectives Financial objectives Q Return on equity shall exceed the average of all other large, publicly listed Nordic banks (Handelsbanken, SEB, Nordea, Danske Bank and DnB NOR) - The C/I ratio before loan losses shall be less than.5 - The tier 1 capital ratio shall be around 6.5 percent - Dividends shall constitute around 4 percent of earnings after tax, excluding one-offs - The Group shall have a sustainable growth in earnings per share that exceeds the average of the peer group. Return on equity Capital adequacy * 3 % % Q1-7 Swedbank Nordic peers Cost/income ratio,8,7,6,5,4,3,2, Q1-7 C/I ratio Target C/I ratio Q1-7 Tier 1 ratio Target tier 1 ratio Capital adequacy ratio Earnings per share SEK Dividend Dividend, SEK ** 26*** Dividend per share Dividend ratio target Dividend ratio Dividend ratio, % * New capital adequacy rules (Basel II) as of Q1 27 ** Dividend ratio excluding capital gains *** Board's proposal. To be decided at AGM, April 27. 3
4 Geographic reach Q1 27 1% 8% 6% 4% 2% Mortgage loans Household deposits Mutual fund investments Individual pension savings Premium pension savings Card clearance transactions Internet bank Telephone bank Real estate brokerage 2 Strong positions in Equity linked bonds Consumer credits Unit-linked insurance Business deposits Leasing Stock brokerage Corporate lending % Net profit Lending No. of customers, private Branches Baltic Banking Swedish Banking and other Sweden Population 9.m Employees 8,713 Private customers 4.1m Of which Internet customers 2.1m Corporate customers 262, Of wich internet customers 191, Organisations 12, Branches 472 ATMs 86 Cards 3.4m Russia Population 143,2m Employees 264 Branches 3 Estonia Population 1.3m Employees 3,64 Private customers 1.2m Of which Internet customers.8m Corporate customers 84, Branches 96 ATMs 548 Cards 1.1 m Latvia Population 2.3m Employees 2,387 Private customers.7m Of which Internet customers.6m Corporate customers 47, Branches 76 ATMs 248 Cards.8m Lithuania Population 3.4m Employees 3,159 Private customers 2.9m Of which Internet customers.8m Corporate customers 73, Branches 127 ATMs 336 Cards 1.2m Market shares, Sweden Balance % Market shares, Baltics Balance % Mortgages Deposits Fund mgmt Retail bonds Private Corporate Bank lending Total lending Deposits Estonia Latvia Lithuania 4
5 4
6 Macro economic indicators Q1, GDP growth, % F 27F 28F 2 Sweden Estonia Latvia Lithuania Russia Ukraine EU-25 GDP growth Inflation % 28F 27F 26F % 28F 27F 26F Sweden 3,1 3,3 4,4 2,7 3,6 1,6 Sweden 2,1 1,8 1,4,5,4 2, Estonia 8, 9, 11,2 1,5 7,8 5,7 Estonia 4, 4,5 4,4 4,1 3, 1,3 Latvia 7,5 9, 11,5 1,2 8,5 7,5 Latvia 5,2 6,3 6,6 6,7 6,2 2,9 Lithuania 6,5 6,5 7,4 7,6 7,3 1,3 Lithuania 4,5 4,5 3,8 2,7 1,1 -,5 Russia 6,2 6,5 6,6 6,4 7,2 7,3 Russia 7,5 8, 9,8 12,5 11, 12, Ukraine 6, 6,5 7, 2,6 n.a. n.a. Ukraine 9,5 1, 9,1 1,3 n.a. n.a. Denmark 2, 2,5 3, 3,1 2,4,4 Denmark 1,7 1,8 1,8 1,8,9 2,1 Finland 3, 3,3 5,5 2,9 3,6 2, Finland 1,6 1,9 1,6,9,1 1,3 Norway 2,5 3,1 2,9 2,3 2,9,3 Norway 1,9 1,5 2,2 1,5,4 2,5 EU25* 2,4 2,4 2,8 1,7 2,4 1,3 EU25* 2, 2,3 2,1 2,2 2,1 1,9 Current account balance General Government Financial Balance % 28F 27F 26F % 28F 27F 26F Sweden 6,9 7, 6,4 5,9 7,8 4,7 Sweden 3, 2,8 3, 2,8 1,,5 Estonia -1, -1,5-12,9-1,5-12,7-13,7 Estonia 1,5 1,6 2,5 1,6 1,7 1, Latvia -23, -23, -2, -12,7-12,9-8,1 Latvia -1,3-1,3-1,,2 -,8-1,8 Lithuania -12,8-12,5-11,4-7,2-7,7-6,8 Lithuania -1,1-1,2-1, -,5-1,4-1,7 Russia 5, 7, 9,8 11, 1,3 8,3 Russia 4, 5, 7,3 7,4 4,2 1,7 Ukraine -2,5-2,2-1,5 3,1 n.a. n.a. Ukraine -2,5-3, -3,5-3, n.a. n.a. Denmark 2, 2,3 2,5 3,2 2,5 3, Denmark 3, 3,2 3,5 4, 2,3 1,2 Finland 6, 6, 5,9 2,4 4,1 5,7 Finland 3,2 3,2 3, 2,6 1,9 2,1 Norway 14,5 15, 17, 16,8 13,5 12,9 Norway 17,5 18, 18,5 15,8 11,5 8,2 EU25* n.a. n.a. n.a. -,6 -,1, EU25* n.a. -2,2-2,3-2,3-2,6-3, General government debt* % 28F 27F 26F GDP per capita 25, USD Inhabitants (millions) Sweden n.a. n.a. n.a. 5,4 5,5 51, , Estonia 1,7 1,5 3,2 4,5 5,2 5, ,3 Latvia 1,6 1,3 1,2 12,1 14,5 14, ,3 Lithuania 15,5 16, 16,4 18,7 19,5 21, ,4 Russia n.a. n.a. n.a. n.a. n.a. n.a ,2 Ukraine n.a. n.a. n.a. n.a. n.a. n.a ,1 Denmark n.a. n.a. n.a. 35,9 42,6 44, ,4 Finland n.a. n.a. n.a. 41,3 44,3 44, ,2 Norway n.a. n.a. n.a. n.a. n.a. n.a ,6 GDP** (26, USDbn) 359,5 13,9 19,4 28,4 9, 94,7 263,4 193,3 35, EU25* n.a. n.a. n.a. 63,2 62,4 62, Source: Swedbank Baltic Sea Report, * Eurostat, ** IMF 5
7 Macro economic indicators Q1 27 6, 5,5 5, 4,5 4, 3,5 3, 2,5 2, 1,5 1, % Interest rates, Sweden and Eurozone Jun-3 Sep-3 Dec-3 Mar-4 Jun-4 Sep-4 1-year Swap (SWE) Dec-4 Mar-5 Jun-5 Sep-5 Dec-5 Mar-6 9 day Euribor Jun-6 Sep-6 Dec-6 Mar-7 9 days STIBOR (SWE) Reporate (SWE) Interest rates, Estonia, Latvia, Lithuania and Eurozone 9, % 8, 7, 6, 5, 4, 3, 2, 1, Jun-3 Sep-3 Dec-3 Mar-4 Jun-4 Sep-4 Dec-4 Mar-5 Jun-5 Sep-5 Dec-5 Mar-6 Jun-6 Sep-6 Dec-6 Mar-7 9 days Rigibor (Latvia) 9 days Talibor (Estonia) 9 day Euribor 9 days Vilibor (Lithuania) General index and turnover, Nordic Exchange Stockholm Daily turnover, SEKbn All-share index Feb 26 Mar 26 Apr 26 May 26 Jun 26 Jul 26 Aug 26 Sep 26 Oct 26 Nov 26 Dec 26 Jan 27 Feb 27 Mar 27 Turnover, SEKbn OMX Stockholm 6
8 Lending Q1 27 The Swedish lending market The Estonian lending market SEKbn 4 3% 9 EURbn 8% % 2% 15% 1% 5% % 6% 5% 4% 3% 2% 1% % % Mar-3 Sep-3 Mar-4 Sep-4 Mar-5 Sep-5 Mar-6 Sep-6 Mar-7 Mar-3 Sep-3 Mar-4 Sep-4 Mar-5 Sep-5 Mar-6 Sep-6 Mar-7 Banks Mortgage lending Mortgage lending Bank and other lending Bank growth 12m Mortgage growth 12m Mortgage growth 12m Bank growth 12m The Latvian lending market 14 EURbn 12% 12 The Lithuanian lending market EURbn 12% 12 1% 1 1% % 6% 4% % 6% 4% 2 2% 2 2% % % Mar-3 Sep-3 Mar-4 Sep-4 Mortgage lending Mar-5 Sep-5 Mar-6 Sep-6 Mar-7 Bank and other lending Mar-3 Sep-3 Mar-4 Sep-4 Mortgage lending Mar-5 Sep-5 Mar-6 Sep-6 Mar-7 Bank and other lending Mortgage growth 12m Bank growth 12 Mortgage growth 12m Bank growth 12m Lending by sector, Group Mar Ch. % Ch. % Dec Sep Jun Mar Dec Sep Jun Mar SEKbn 27 3 m 12 m Private individuals 497, ,9 462,6 443,8 427,7 417,8 43, 392,1 378,4 of which Swedbank Mortgage AB 389, ,2 368,2 357,4 347, 34,2 329,8 321,9 31,8 Real estate management 195, ,9 178,9 174,9 169,1 164, 159, 157,2 15, Retail, hotels, restaurants 36, ,1 33,1 3,8 3,7 27,1 26,8 26,4 25,3 Construction 13, ,9 12,6 12,1 11,7 11,2 1,7 1, 9,7 Manufacturing 31, ,1 29,2 28, 26,4 23,7 24, 22,2 21,7 Transportation 18, ,5 15,9 14,4 13,6 13,8 13,1 12,3 11,5 Forestry and agriculture 46, ,3 44,9 43,3 42,2 41,6 4,5 38,6 37,5 Other service businesses 38, ,5 34,8 3,4 26,1 25,5 2,2 21,2 18,8 Other corporate lending 68, ,8 64,9 6,2 58, 57, 54,2 58,4 49,1 Municipalities * 15, ,9 13,8 14,4 14, 14, 14,2 14,3 14,4 Total lending to the public 961, ,9 89,7 852,3 819,5 795,7 765,7 752,7 716,4 *not including municipal companies Credit institutions incl. The Swedish National Debt Office 9, ,4 73,1 58,6 7,5 68,5 63,5 63,2 66,6 Repurchase agreements (Repos) 142, ,1 136,6 132,5 137,3 11,6 17,4 1, 12,2 Total lending 1 194, ,4 1 1,4 1 43,4 1 27,3 974,8 936,6 915,9 885,2 7
9 Lending, Swedbank Group Lending Q1, March 27 (31 December 26) SEK 961,5bn (918,9) SEK 522,bn (51.5) Lending, Swedbank Mortgage AB 31 March 27 (31 December 26) SME, corporate excl. Real estate mgmt 26% (25) Real estate mgmt 2% (21) Municipalities 2% (2) Single-family homes 61% (61) Multi-family housing 16% (17) Agriculture 6% (6) Private individuals, other 11% (11) Swedbank Mortgage, private individuals 41% (41) Business properties 1% (1) Individual condominiums 12% (11) Municipal loans and guarantees 4% (4) Lending, by country Mar Ch. % Ch. % Dec Sep Jun Mar Dec Sep Jun Mar SEKbn 27 3 m 12 m Bank loans - private 42, , 41,9 41, 4, 4,5 41,4 42, 42,1 Bank loans - corporate 28, , 191,7 181,3 169,5 162,7 155,3 16,7 142,1 Bank loans - municipality 9, , 7,5 6,3 7,2 6,9 7,1 6,9 7,1 Mortgage loans - private 389, ,2 368,2 357,4 347, 34,2 329,8 321,9 31,8 Mortgage loans - corporate 127, ,6 125,5 125,2 125,2 125,1 124,9 122,1 122,5 Mortgage loans - municipality 5, ,7 6, 6,2 6,5 6,8 6,8 7,1 7, Leasing and Factoring 27, , 26,3 25,5 24,2 24,2 23,2 22,8 21,6 Sweden 89, ,5 767,1 742,9 719,6 76,4 688,5 683,5 653,2 Bank loans - private 2, ,1 2, 1,7 1,5 1,4 1,2 1,1 1, Bank loans - corporate 24, ,1 2,2 18, 16,2 14,3 13,1 12,6 11,1 Mortgage loans - private 22, ,7 18, 15,8 14,2 12,6 1,9 9,7 8,2 Leasing and Factoring 1, ,3 9,3 8,8 8,5 8,1 7,6 7,4 6,5 Other 1, ,1 1, 1,1 1, 1,2 1,,3,2 Estonia 59, ,2 5,4 45,4 41,4 37,5 33,8 31, 27, Bank loans - private 1, ,4 1,2 1,,8,7,6,5,4 Bank loans - corporate 2, ,5 16,1 14,5 12,7 11, 8,9 8, 6,9 Mortgage loans - private 15, ,3 11,1 9,2 7,9 6,8 5,7 4,8 3,7 Leasing and Factoring 7, ,3 5,5 4,7 4,1 3,7 3,2 2,9 2,4 Other,5-21,5,9,7,7,6,4,3,2 Latvia 45, ,1 34,8 3,1 26,2 22,7 18,7 16,4 13,7 Bank loans - private 2, ,9 1,7 1,4 1,2 1,1 1,,9,7 Bank loans - corporate 14, ,7 12, 11,2 1,8 9,5 8,1 7,4 6,7 Mortgage loans - private 11, ,6 8,7 7,5 6,7 5,8 4,9 4,1 3,2 Leasing and Factoring 1, ,2 8,4 7,6 6,9 6,6 6, 5,6 4,8 Other -, ,4 -,4 -,3 -,1,,,, Lithuania 37, , 3,4 27,4 25,6 23,1 2, 18, 15,4 Bank loans - corporate 5, ,7 4,3 3,3 3, 2,1 1,5,8 1, Leasing and Factoring 1, ,7 1,8 1,8 2, 2,2 2, 1,8 1,4 Other, -79,,,,,,,, Russia 7, ,4 6,1 5,1 4,9 4,2 3,5 2,7 2,4 Other 1, ,8 1,9 1,5 1,7 1,8 1,1 1,1 4,7 Total Lending, Group 961, ,9 89,7 852,3 819,4 795,7 765,7 752,7 716,4 8
10 Savings Q1 27 Market shares, fund assets, Sweden 31 December, 26 (31 December 25) Savings and investments, Swedbank Group 31 March, 27 Others 26.9% (25.3) Swedbank Robur 25.6% (26.5) SEKbn Länsförsäkringar 4.% (4.1) SHB 14.% (13.7) Nordea 12.9% (14.4) SEB 16.6% (16.) Asset mgmt Deposits 25 Retail bonds Savings and investments Mar Ch. % Ch. % Dec Sep Jun Mar Dec Sep Jun Mar Balance, SEKbn 27 3 m 12 m Deposits from the public Households 234, ,4 222,4 29,8 196, 186,8 184,1 177,8 168,1 Corporate/other deposits from the public 163, ,3 143,9 136,6 134,5 138,5 134,8 139,9 136,4 Total deposits from the public 398, ,7 366,3 346,4 33,5 325,3 318,9 317,7 34,5 of which Sweden, households 182, , 177, 166,5 155, 147,7 15,9 143,7 138,6 of which Sweden, corporate and other 121, ,8 19, 11,5 1,9 16, 17,3 112,8 114,1 of which Estonia 39, , 34,7 33,3 31,7 29,5 25,7 25,8 21,3 of which Latvia 2, , 18,4 17,2 16,5 16,1 13,8 13,1 1,7 of which Lithuania 28, ,6 23,8 23,4 22,8 21,6 18,9 18,2 16, of which Russia,9 2 2,8 1,2 1,2,9,8,6,8 1,1 Discretionary asset management 22, ,8 24,9 24,3 25,7 24, 23, 21, 2, Fund assets under management 432, ,2 388, 369,1 394,5 362,9 35, 329, 32, Retail bonds and other bonds 26, ,4 21,7 21,5 2,9 19,6 13, 13, 13, Unit-linked insurance 67, ,5 6,2 57,4 6,3 54, 52, 48, 44, Eliminations -67, ,5-6,2-57,4-6,3-54, -52, -48, -44, Total savings and investments 88, ,1 8,9 761,3 771,6 731,8 74,9 68,7 639,5 Savings and investments Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 New savings, SEKbn Deposits from the public Households 11, 1, 12,6 13,8 9,2 2,7 6,3 9,7 7,4 Other deposits from the public 1,4 9,4 7,3 2,1-4, 3,7-5,1 3,5 2, Total deposits from the public 21,4 1,4 19,9 15,9 5,2 6,4 1,2 13,2 27,4 of which Sweden 15, -1,9 1,4 11,5 7,3-3,1 7,2 5,1 22,8 of which Estonia,8 2,3 1,4 1,6 2,2 3,8 -,1 4,5,1 of which Latvia,9 1,6 1,2,7,4 2,3,7 2,4, of which Lithuania,5 2,8,4,6 1,2 2,7,7 2,3, of which Russia, -,4,,3,1,2 -,2 -,3, Fund management, net savings 1,4 4,1 1,5-4,7 6,4,4 3,2 3,7 5,4 Unit-linked insurance, new policies,7 1,4,4,8,8 1,5,5,7,5 Retail bonds 2,1 2,7,2,6 1,3 1,7 -,5,3 1,7 Total new savings 25,5 18,6 22, 12,6 13,8 1, 4,4 17,9 35, 9
11 Other products Q1 27 Products per private customer, Products per corporate customer, Sweden Average number of Sweden Average number of products/customer Numbers of products/customer Number of Q customers, Q customers, Q thousand thousand Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q1, 26 Q1, > >1 Q1, 26 Q1, 27 Internet bank Including savings banks and partly owned banks Bank cards Including savings banks and partly owned banks Number of customers, thousand Number of payments, million Number of cards, thousand transactions, million Jun-4 Sep-4 Dec-4 Mar-5 Jun-5 Sep-5 Dec-5 Mar-6 Jun-6 Sep-6 Dec-6 Mar-7 Jun-4 Sep-4 Dec-4 Mar-5 Jun-5 Sep-5 Dec-5 Mar-6 Jun-6 Sep-6 Dec-6 Mar-7 Numbers of Internet customers in Sweden Number of Internet customers in Baltic Banking Payments Swedbank excl Baltic Banking Purchases, million Baltic Banking Acquiring, million 1
12 Market shares Q1 27 Market shares, Sweden 28 February, 27 % Market shares; Estonia, Latvia, Lithuania 28 February, % Mortgages Deposits Lending (bank) Households Corporate Mortgages, household Deposits, household Estonia Latvia Lithuania Lending, corporate Market shares, % Balance Net growth Feb Dec Dec Dec Feb FY FY FY Sweden Mortgages, households Bank/consumer lending, households neg. 9 neg. neg. Deposits, households Pensions, households n.a Mutual funds (households+other) n.a neg Mortgages, sme/corporate neg. >1 >1 Bank lending, sme/corporate neg. Deposits, sme/corporate neg Pensions, sme/corporate n.a Index linked bonds * Stock trading (turnover) Estonia Mortgages, households Bank/consumer lending, households Deposits, households Pensions, households Lending, sme/corporate Deposits, sme/corporate Latvia Mortgages, households Bank/consumer lending, households Deposits, households Pensions, households Lending, sme/corporate Deposits, sme/corporate neg Lithuania Mortgages, households Bank/consumer lending, households Deposits, households Pensions, households Lending, sme/corporate Deposits, sme/corporate neg * Low share of net growth due to post-subscription volumes on SOX from SEB. 11
13 Income statement and key figures, 5 year summary Q1 27 Income statement, Group FY FY FY FY FY SEKm * 23** 22** Net interest income Dividens received 15 9 Net commission income Net gains and losses on financial items at fair value Net profit on financial operations Net insurance Share of the profit or loss of associates Capital gains and losses on financial fixed assets Other income Total income Staff costs Other general administrative expenses Depreciation/amortization and impairment of tangible and intangible fixed assets Amortization of goodwill Total expenses Profit before loan losses Loan losses, net Impairment of financial fiexed assets -264 Reversal of impairment of financial fixed assets 55 Operating profit Appropriations Tax expense Profit from continuing operations Profit from discontinued operations after tax 1 77 Profit for the year Attributable to: Shareholders of Swedbank AB Minority interest Key figures, Group FY FY FY FY FY * 23** 22** Return on equity, % *** 19,3 24,6 21,8 15,9 11, Return on total assets,% 1,1 1,33 1,,94,69 Return on RWA, % 1,6 2,1 1,6 1,1,8 Loan loss ratio, net, % -,2,4,7,14,23 Total provision ratio for impaired loans, % Capital adequacy ratio, % 9,8 9,7 11,6 1,8 1,8 Tier 1 capital ratio, % 6,5 6,5 8,2 7,2 7,1 C/I ratio before loan losses,52,48,55,57,63 Interest margin, % 1,12 1,29 1,41 1,47 1,43 Investment margin,% 1,23 1,38 1,5 1,59 1,58 Risk weighted assets/total assets, % Earnings per share, SEK 21,11 23,14 17,5 12,2 7,87 Cash dividend per share, SEK**** 8,25 7,5 6,5 5,75 5,5 Balance sheet data Dec 31 Dec 31 Dec 31 Dec 31 Dec 31 SEKm * 23** 22** Total lending Deposits and borrowings from the public Equity Minority interest Shareholders' equity Total assets Risk weighted assets * Not restated according to IAS 39. ** Not restated according to IFRS. *** Based on equity attributable to Swedbank's shareholders **** Dividend according to board proposal 12
14 Income statement and key figures Q1, 27 7% 6% 5% 4% 3% 2% 1% % Source of income Split of commission income Q2 5 Q3 5 Q4 5 Q1 6 Q2 6 Q3 6 Q4 6 Q1 7 Net interest income Net commission income Net financial items Other 5% 45% 4% 35% 3% 25% 2% 15% 1% 5% % Q1 6 Q2 6 Q3 6 Q4 6 Q1 7 Asset management Payments Brokerage Lending Other Income statement, Group Q1 Ch. % Ch. % Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 SEKm 27 3 m 12 m Net interest income Net commission income Net gains/losses on financial items, fair value Net insurance Share of profit of associates Capital gains on financial fixed assets Other income Total income Staff costs Profit-based staff costs Costs for personnel changes Other expenses Depreciation, amortization, impairments Total expenses Profit before loan losses Loan losses, net Operating profit Tax expenses Profit for the period Attributable to: Shareholders of Swedbank AB Minority interest Key figures, Group Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 SEKm Return on equity, % * 18,9 19,8 2,8 2,2 16,6 19,7 33,1 27,4 18,5 Return on total assets,% 1,7 1,15 1,14 1,19,92 1,11 1,69 1,4 1,7 Return on RWA, % 1,6 1,6 1,7 1,7 1,5 1,7 2,7 2,2 1,6 Loan loss ratio, net, %,2 -,2 -,3 -,5,2,,5,5,5 Total provision ratio for impaired loans, % Capital adequacy ratio, % 1, 9,8 1,1 1, 9,7 9,7 9,9 9,3 1,5 Tier 1 capital ratio, % 6,8 6,5 6,5 6,5 6,5 6,5 6,5 5,8 6,7 C/I ratio before loan losses,51,52,49,51,56,53,4,48,53 Interest margin, % 1,14 1,15 1,16 1,17 1,3 1,25 1,25 1,25 1,42 Investment margin,% 1,27 1,28 1,27 1,27 1,14 1,34 1,33 1,35 1,52 Risk weighted assets/total assets, % Earnings per share, SEK 5,65 5,65 5,65 5,4 4,41 4,99 7,87 6,21 4,7 * Based on equity attributable to Swedbank's shareholders 13
15 Income statement and key figures Q1 27 Income analysis, Group Q1 Ch. % Ch. % Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 SEKm 27 3 m 12 m Net interest income; Net interst income, lending Net interest income, deposits Net interest income, other Net interest income, total Commission income; Payment processing Asset management Brokerage Lending Coporate Finance Insurance Other securities Other commissions receivable Commission income, total Commission expenses; Payment processing Securities Insurance Other commissions payable Commission expenses, total Net commission income, total Trading, derivatives and fair value option; Shares/participating interests of which change in value of Norwegian PCCs, shares etc of which change in value other of which dividend Interest-bearing instruments of which change in value Other financial instruments of which change in value Trading, derivatives and FVO, total Interest income compensation, claims valued at cost Change in exchange rates Net gains and losses on financial items at fair value, total Net insurance Share of profit/loss of associates; Färs & Frosta Sparbank FöreningsSparbanken Sjuhärad Other jointly owned banks in Sweden BGC-Holding EnterCard Holding VPC Other companies Profit/loss of associates, total Capital gains on financial fixed assets Other income; Real estate income IT services to savings banks Other Other income, total Total income of which Baltic Banking Operations
16 Margins Q1 27 Deposit margins Lending margins 3, % 4, % 2,5 2, 3,5 3, 2,5 1,5 2, 1,,5, Q1-5 Q2-5 Q3-5 Q4-5 Q1-6 Q2-6 Q3-6 Q4-6 Q1-7 1,5 1,,5, Q1-5 Q2-5 Q3-5 Q4-5 Q1-6 Q2-6 Q3-6 Q4-6 Q1-7 Sweden Latvia Estonia Lithuania Estonia Lithuania Latvia Sweden Net interest margins Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 % Deposit margins Sweden 1,25 1,2 1,8 1,1,93,87,88 1,4 1,6 Estonia 1,55 1,12,97,77,73,63,54,54,75 Latvia 2,54 1,4 1,66 1,34 1,46 1,24 1,26 1,18 1,19 Lithuania 2,12 1,93 1,55 1,23 1,8,92,86,9,94 Lending margins Sweden,92,95,97 1,3 1,5 1,11 1,18 1,22 1,26 Estonia 2,66 2,67 2,61 2,62 2,77 3,1 2,89 2,97 3,16 Latvia 2,9 2,22 2,3 2,35 2,36 2,38 2,39 2,93 2,93 Lithuania 1,87 1,84 1,87 1,91 1,94 2,13 2,1 2,12 2,6 Russia 5,72 5,7 5,92 5,69 6,1 5,98 5,9 6,16 7,29 15
17 Income statement and key figures Q1 27 Cost development Quarterly expenses SEKm SEKm Q3 4 Q4 4 Q1 5 Q2 5 Q3 5 Q4 5 Q1 6 Q2 6 Q3 6 Q4 6 Q1 7 Total expenses Group excl. Baltic Banking Operations Baltic Banking Operations Q3 4 Q4 4 Q1 5 Q2 5 Q3 5 Staff costs Q4 5 Q1 6 Q2 6 Q3 6 Other expenses Q4 6 Q1 7 Expense analysis, Group Q1 Ch. % Ch. % Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 SEKm 27 3 m 12 m Staff costs Salaries and remunerations Profit based staff costs of which: Swedish Banking Baltic Banking Operations Swedbank Markets of which First Securities Asset Management & Insurance Other profit based staff costs Costs for personnel changes Other staff costs Staff costs, total Other expenses Expenses for premises IT expenses Consulting and outside services Telecommunications and postage Marketing Security transports, alarm systems Depreciation/amortization and impairments of tangible and intangible assets Other Total other expenses Total expenses of which Baltic Banking Operations
18 Employees and customers Q1 27 Change in number of employees, Q-on-Q Customer satisfaction index, private Estonia Latvia Lithuania Russia Sweden Estonia Latvia Lithuania Q1 26 Q2 26 Q3 26 Q4 26 Q Number of employees Mar Ch. % Ch. % Dec Sep Jun Mar Dec Sep Jun Mar 27 3 m 12 m Swedish Banking Swedbank Markets Asset management and Insurance Shared services and New operations Subtotal Baltic Banking: Estonia Latvia Lithuania Russia Subtotal Baltic Banking Total number of employees, group Customer satisfaction index Sweden Share of satisfied private customers Share of satisfied corporate customers Estonia Index private customers 8,5 8,5 8,3 8,4 7,8 Index corporate customers 8,1 8,1 8,2 8,2 7,8 Latvia Index private customers 6,6 6,6 6,6 6,7 6,7 Index corporate customers 6,5 6,3 6,3 6 6,5 Lithuania Index private customers na Index corporate customers na na Sweden and Lithuania has a customer satisfaction scale of 1 to 1. Estonia and Latvia have a scale of 1 to 1. 17
19 Swedish Banking Q1 27 Business area accounting policies The business area report is based on Swedbank s accounting principles, organization and internal accounts. Comparative figures have been restated accordingly to smaller organizational changes. The business operations of Baltic Banking are separated in the business area report from the effects of Swedbank s acquisition and ownership of Hansabank in the consolidated group accounting. This facilitates a clearer analysis of how the business operations of Baltic Banking are developing. Comments on Baltic Banking in this report refer to business operations, unless otherwise indicated. Market-based compensation is applied between business areas, while all expenses for IT, other shared service and group staff are transferred at full cost-based internal prices to the business areas. Executive management expenses are not distributed. The group s equity allocated to shareholders is distributed to each business area based on capital adequacy rules and estimated capital requirements. Return on equity for the business areas is based on operating profit less estimated tax and minority interests in relation to allocated equity. Swedish Banking Q1 Ch. % Ch. % Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 SEKm 27 Q/Q Y/Y Net interest income of which Swedbank Mortgage Net commission income Net gains and losses on financial items at fair value Share of the profit or loss of associates Other income Total income Staff costs Profit based staff costs IT expenses Other expenses Depreciation/amortization Total expenses Profit before loan losses Loan losses, net Operating profit Tax expenses Profit for the period Profit for the period attributable to: Shareholders of Swedbank AB Minority interest Allocated equity Return on allocated equity,% 25,5 21,8 22,1 23,9 21,5 2,3 47,7 36,5 22, Income items Income from external customers Income from transactions with other business areas Business volumes, SEK billion Lending Deposits Mutual funds & insurance Other investment volume Investments in associates Risk-weighted assets Total assets Total liabilities Full-time employees C/I ratio,5,53,5,51,52,56,36,46,53 Loan loss ratio, % -,4 -,8 -,8 -,11, -,3,2 -,2,4 Provision ratio for impaired loans, %
20 Baltic Banking, operations and investment Q1 27 Baltic Banking Operations Q1 Ch. % Ch. % Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 SEKm 27 Q/Q Y/Y Net interest income Net commission income Net gains and losses on financial items at fair value Share of the profit or loss of associates Other income Total income Staff costs Profit based staff costs IT expenses Other expenses Depreciation/amortization Total expenses Profit before loan losses Loan losses, net Operating profit Tax expenses Profit for the period Profit for the period attributable to: Shareholders of Swedbank AB Minority interest Allocated equity Return on allocated equity,% 31,1 32,1 33,1 23,8 28,7 27,7 33,9 32,9 33,2 Income items Income from external customers Business volumes, SEK billion Lending Deposits Mutual funds & insurance Investments in associates Risk-weighted assets Total assets Total liabilities Full-time employees C/I-ratio,4,44,41,53,48,52,43,45,46 Loan loss ratio, %,35,27,29,31,26,29,37,55,3 Provision ratio for impaired loans, % Baltic Banking Investment Q1 Ch. % Ch. % Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 SEKm 27 Q/Q Y/Y Net interest income Net gains and losses on financial items at fair value Total income Other expenses Depreciation/amortization Total expenses Profit before loan losses Loan losses, net 1 Operating profit Tax expenses Profit for the period Profit for the period attributable to: Shareholders of Swedbank AB Minority interest Allocated equity Return on allocated equity,% neg. neg. neg. neg. neg. neg. neg. neg. 67,7 Income items Income from external customers Business volumes, SEK billion Lending Risk-weighted assets Total assets Total liabilities of which amortized revalued lending of which amortized revalued deposits
21 Baltic Banking, Estonia and Latvia Q1 27 Baltic Banking Estonia Q1 Ch. % Ch. % Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 SEKm 27 Q/Q Y/Y Net interest income Net commission income Net gains and losses on financial items at fair value Share of the profit or loss of associates Other income Total income Staff costs Profit based staff costs IT expenses Other expenses Depreciation/amortization Total expenses Profit before loan losses Loan losses, net Operating profit Tax expenses -16 Profit for the period Profit for the period attributable to: Shareholders of Swedbank AB Minority interest -3 Allocated equity Return on allocated equity,% 39,8 43, 42,2 36,2 41,8 45,9 43,4 44,9 4,8 Income items Income from external customers Business volumes, SEK billion Lending Deposits Mutual funds & insurance Full-time employees C/I-ratio,36,38,36,41,39,49,38,42,4 Loan loss ratio, %,21%,22%,13%,26%,34% -,18%,35%,12% Baltic Banking Latvia Q1 Ch. % Ch. % Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 SEKm 27 Q/Q Y/Y Net interest income Net commission income Net gains and losses on financial items at fair value Other income Total income Staff costs Profit based staff costs IT expenses Other expenses Depreciation/amortization Total expenses Profit before loan losses Loan losses, net Operating profit Tax expenses Profit for the period Profit for the period attributable to: Shareholders of Swedbank AB Allocated equity Return on allocated equity,% 27,9 32,9 36,8 31,6 36,6 42,7 36,8 3,7 32,2 Income items Income from external customers Business volumes, SEK billion Lending Deposits Mutual funds & insurance Full-time employees C/I-ratio,41,44,39,46,43,52,45,5,52 Loan loss ratio, %,63%,38%,29%,5%,19%,13%,1%,58% 2
22 Baltic Banking, Lithuania and Russia Q1 27 Baltic Banking Lithuania Q1 Ch. % Ch. % Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 SEKm 27 Q/Q Y/Y Net interest income Net commission income Net gains and losses on financial items at fair value Other income Total income Staff costs Profit based staff costs IT expenses Other expenses Depreciation/amortization Total expenses Profit before loan losses Loan losses, net Operating profit Tax expenses Profit for the period Profit for the period attributable to: Shareholders of Swedbank AB Minority interest 1 Allocated equity Return on allocated equity,% 3,7 27,2 27,9 26,3 24,3 16,7 25,8 17, 25,5 Income items Income from external customers Business volumes, SEK billion Lending Deposits Mutual funds & insurance Full-time employees C/I-ratio,47,53,48,5,6,6,56,58,62 Loan loss ratio, %,19%,22%,45%,33%,5% 1,12%,33% 1,35% Baltic Banking Russia Q1 Ch. % Ch. % Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 SEKm 27 Q/Q Y/Y Net interest income Net commission income Net gains and losses on financial items at fair value Other income Total income Staff costs Profit based staff costs IT expenses Other expenses Depreciation/amortization Total expenses Profit before loan losses Loan losses, net Operating profit Tax expenses Profit for the period Profit for the period attributable to: Shareholders of Swedbank AB Minority interest Allocated equity Return on allocated equity,% 28,1 3,7 21,2-61,9-5,6 26,1 1,8 32,2 68,8 Income items Income from external customers Business volumes, SEK billion Lending Deposits Full-time employees C/I-ratio,42,48,52 1,84,77,53,46,33,16 Loan loss ratio, %,81%,72%,93% -,8%,86%,91% 2,84%,33% 21
23 Swedbank Markets, Asset Management & Insurance Q1 27 Swedbank Markets Q1 Ch. % Ch. % Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 SEKm 27 Q/Q Y/Y Net interest income Net commission income Net gains and losses on financial items at fair value Share of the profit or loss of associates Other income Total income Staff costs Profit based staff costs IT expenses Other expenses Depreciation/amortization Total expenses Profit before loan losses Loan losses, net Operating profit Tax expenses Profit for the period Profit for the period attributable to: Shareholders of Swedbank Minority interest Allocated equity Return on allocated equity,% 31,8 31, 2,6 34,6 22,8 22, 14, 22,8 22,8 Income items Income from external customers Income from transactions with other business areas Business volumes, SEK billion Lending Deposits Mutual funds & insurance Other investment volume Investments in associates Risk-weighted assets Total assets Total liabilities Full-time employees C/I ratio,51,56,6,5,57,6,65,55,53 Loan loss ratio, %, -,7 -,11, -,8 -,44 -,3,84,3 Asset Management and Insurance Q1 Ch. % Ch. % Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 SEKm 27 Q/Q Y/Y Net interest income Net commission income Net gains and losses on financial items at fair value Other income Total income Staff costs Profit based staff costs IT expenses Other expenses Depreciation/amortization Total expenses Operating profit Tax expenses Profit for the period Profit for the period attributable to: Shareholders of Swedbank Allocated equity Return on allocated equity,% 51,2 5,7 56,7 53,1 49,3 41,2 42,4 36,2 35,7 Income items Income from external customers Commissions paid to other business areas Business volumes, SEK billion Mutual funds & insurance Other investment volume Risk-weighted assets 1 1 Total assets Total liabilities Full-time employees C/I ratio,39,39,35,38,36,45,4,45,44 22
24 Shared Services and New operations, Eliminations Q1 27 Shared Services and New Operations Q1 Ch. % Ch. % Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 SEKm 27 Q/Q Y/Y Net interest income Net commission income Net gains and losses on financial items at fair value Share of the profit or loss of associates Other income Total income Staff costs Profit based staff costs Other expenses IT expenses Depreciation/amortization Total expenses Profit before loan losses Loan losses, net Operating profit Tax expenses Profit for the period Profit for the period attributable to: Shareholders of Swedbank Allocated equity Return on allocated equity,% neg. neg. 11,4 13,2 neg. 33,9 7,4 12, 5, Income items Income from external customers Income from other business areas Business volumes, SEK billion Lending Investments in associates 1 1 Risk-weighted assets Total assets Total liabilities Full-time employees C/I ratio 1, ,91,9,84 1,35,66,93,86 1,1 Loan loss ratio, % -,27,42, -,42 4,82 7,2-1,97 28,1-6,96 Eliminations Q1 Ch. % Ch. % Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 SEKm 27 Q/Q Y/Y Net interest income Net commission income Net gains and losses on financial items at fair value Other income Total income Staff costs IT expenses Other expenses Depreciation/amortization Total expenses Business volumes, SEKbn Mutual funds & insurance Other investment volume Total assets Total liabilities
Facts. Q3, 2007 October 24, 2007
Facts October 24, 27 24 October, 27 Contents page General information 2 Mission, vision, values and markets 2 Financial objectives 3 Geographic reach and market shares 4 Macro economic indicators 5-6 Business
More informationQ4, February 2007
16 February 27 Contents page Mission, vision, values and markets 2 Financial objectives 3 Geographic reach and market shares 4 Macro economic indicators 5 Cross selling, Internet bank and cards 6 Lending
More informationFacts. Q1, April 2010
Facts 27 April 21 27 April 21 Contents page General information 2 Geographic reach 2 Macro economic indicators 3-4 Business volumes 5 Business volumes 5 Lending 6-7 Savings and investments 8 Other products
More informationFacts. Q2, 2010 July 22, 2010
Facts Q2, 21 July 22, 21 Q2, 21 22 July 21 Contents page General information 2 Geographic reach 2 Macro economic indicators 3-4 Business volumes 5 Business volumes 5 Lending 6-7 Savings and investments
More informationAnders Ek Executive Vice President, Head of Strategic and International Banking. Tokyo March 14, 2007
Anders Ek Executive Vice President, Head of Strategic and International Banking Tokyo March 14, 2007 Swedbank - an introduction (2) A leading Nordic-Baltic bank Other markets, niche banking Denmark - Swedbank
More informationSwedbank New York and Boston roadshow, September 24 26, Mikael Inglander, Chief Financial Officer
Swedbank New York and Boston roadshow, September 24 26, 27 Mikael Inglander, Chief Financial Officer The leading bank in four small countries Sweden Total population: 9.m Private customers: 4.1m Corp.
More informationFacts Q January, 2013
Facts Q4 2012 30 January, 2013 44B 4B 44B 4B 44B 4B Contents page page General information 2 Asset quality 43 Swedbank in brief 2-3 Asset quality 43-45 Macro economic indicators 4-5 Credit impairments
More informationFacts FöreningsSparbanken (Swedbank)
Q4, 25 February 15, 26 Facts FöreningsSparbanken (Swedbank) Contents page 1. Market position 2 2. International presence 4 3. Financial and strategic targets 5 4. Savings and investments 6 5. Lending 7
More informationFacts Q February, 2012
Facts Q4 2011 14 February, 2012 44B 4B 44B 4B Contents page page General information 2 Asset quality 43 Swedbank in brief 2-3 Credit risks 43-44 Macro economic indicators 4-5 Asset quality 45-47 Income
More informationFacts Q July, 2012
Facts Q2 2012 18 July, 2012 44B 4B 44B 4B 44B 4B Contents page page General information 2 Asset quality 41 Swedbank in brief 2-3 Credit risks 41-42 Macro economic indicators 4-5 Asset quality 43-45 Income
More informationFacts FöreningsSparbanken (Swedbank)
27 October 25 Facts FöreningsSparbanken (Swedbank) Contents page 1. Market position 2 2. International presence 4 3. Financial and strategic targets 5 4. Savings and investments 6 5. Lending 7 6. Profit
More informationQ1, April 28, Facts Swedbank
April 28, 26 Facts Swedbank Contents page 1 Market position 2 2. Strategy 4 3. Financial targets 5 4. Savings and investments 6 5. Lending 7 6. Profit trend and key figures 8 7. Income 1 8. Expenses 11
More informationFacts. Q3, 2006 October 26, 2006
Facts October 26, 26 Contents page 1. Market position 2 2. Strategy 4 3. Financial targets 5 4. Savings and investments 6 5. Lending 7 6. Profit trend and key figures 8 7. Income 1 8. Expenses 11 9. Profit
More informationCarnegie Nordic Large Cap Seminar Stockholm 4 March 2008 Mikael Inglander, CFO
Carnegie Nordic Large Cap Seminar Stockholm 4 March 28 Mikael Inglander, CFO The leading bank in four small countries Sweden Total population: 9.2m Employees: 8,75 Private customers: 4.1m Corp. customers:
More informationFacts Q January, 2014
Facts Q4 2013 28 January, 2014 44B 4B 44B 4B 44B 4B Contents page page General information 3 Asset quality 47 Swedbank in brief 3 Asset quality 47-50 Macro economic indicators 4-5 Credit impairments 51
More informationInterim report, Q October, 2007 Jan Lidén CEO and President
Interim report, Q3 2 24 October, 2 Jan Lidén CEO and President Summary January September 2 Shareholders net profit increased 12 percent to SEK 8,888m compared with previous year Net interest income was
More informationFacts Q October, 2013
Facts Q3 2013 22 October, 2013 44B 4B 44B 4B 44B 4B Contents page page General information 2 Asset quality 47 Swedbank in brief 2-3 Asset quality 47-50 Macro economic indicators 4-5 Credit impairments
More informationFacts Q4, February 2017
Facts 2 February 2017 Contents page page General information 2 Asset quality 39 Swedbank in brief 2-3 Asset quality 39-41 Macro economic indicators 4-5 Credit impairments 42 Financial information, Group
More informationInterim report Q August, 2007 Jan Lidén CEO and President
Interim report Q2 27 7 August, 27 Jan Lidén CEO and President Summary Q2 27 (Q1 27) Continued improved results: SEK 3,112m (2,91 in Q1 27) Earnings per share increased 7% compared with Q1 27 Net interest
More informationFacts Q3, October 2017
Facts 24 October 2017 Contents page page General information 2 Asset quality 39 Swedbank in brief 2-3 Asset quality 39-41 Macro economic indicators 4-5 Credit impairments 42 Financial information, Group
More informationFacts Q4, February 2016
Facts 2 February 2016 Contents page page General information 2 Asset quality 45 Swedbank in brief 2-3 Asset quality 45-47 Macro economic indicators 4-5 Credit impairments 48 Financial information, Group
More informationFacts FöreningsSparbanken
Q1 25 April 28, 25 Facts FöreningsSparbanken Contents page 1. Market position 2 2. International presence 4 3. Financial and strategic targets 5 4. Savings and investments 6 5. Lending 7 6. Profit trend
More informationFacts Q October, 2014
Facts Q3 2014 21 October, 2014 44B 4B 44B 4B 44B 4B 44B 4B 44B 4B 44B 4B Contents page page General information 2 Asset quality 48 Swedbank in brief 2-3 Asset quality 48-51 Macro economic indicators 4-5
More informationFacts Q2, July 2018
Facts 18 July 2018 Contents page page General information 2 Asset quality 39 Swedbank in brief 2-3 Asset quality 39-42 Macro economic indicators 4-5 Credit impairments 43 Financial information, Group 6
More informationFacts Q3, October 2018
Facts 23 October 2018 Contents page page General information 2 Asset quality 39 Swedbank in brief 2-3 Asset quality 39-42 Macro economic indicators 4-5 Credit impairments 43 Financial information, Group
More informationSwedbank in brief 2-3 Asset quality Macro economic indicators 4-5 Credit impairments 43
Contents page page General information 2 Asset quality 39 Swedbank in brief 2-3 Asset quality 39-42 Macro economic indicators 4-5 Credit impairments 43 Financial information, Group 6 Loans by collateral
More informationUBS Global Financial Services conference New York, May 16, Jan Lidén CEO
UBS Global Financial Services conference New York, May 16, 27 Jan Lidén CEO The leading bank in four small countries Sweden Total population: 9.m Private customers: 4.1m Corp. customers: 262, Organisations:
More informationInterim report Q April 25, 2007 Jan Lidén President and CEO
Interim report Q1 2007 April 25, 2007 Jan Lidén President and CEO Highlights Q1 2007 Strong and stable results intact SEK 2,910m (2,270 Q1, 2006) Strong and stable results from all major business areas;
More informationFöreningsSparbanken (Swedbank) Preliminary year-end report for 2002 February 14, 2003
FöreningsSparbanken (Swedbank) Preliminary year-end report for 2002 February 14, 2003 Operating profit amounted to SEK 6,848 M 2002 in summary: Operating profit amounted to SEK 6,848 M (8,039) The return
More informationSwedbank Interim report, Q April 25, 2007
Swedbank Interim report, Q1 2007 April 25, 2007 CONTINUED STRONG MOMENTUM ON ALL MARKETS Stable net profit for first quarter 2007 compared with fourth quarter 2006 Net profit for the period amounted to
More informationFöreningsSparbanken Q Jan Lidén, CEO
FöreningsSparbanken Q4 2005 Jan Lidén, CEO Highlights 2005 2 The market share for total new savings from Swedish households rose to 19 percent (17) For new household deposits, the Swedish market share
More informationFöreningsSparbanken. Nils-Fredrik Nyblæus. Deputy President and CFO
FöreningsSparbanken Nils-Fredrik Nyblæus Deputy President and CFO 2 Group objectives Market position Customers Employees Financial position 3 Basics of sustainable profitability Customer satisfaction Human
More informationInvestor presentation. Result
Investor presentation Result 2010 Highlights Income Stable earnings from a diversified platform Provisions for credit losses Net credit losses back to pre-crisis levels Strategic alignment Strategic alignment
More informationSwedbank Q Jan Lidén, President and CEO
Swedbank Q1 2006 Jan Lidén, President and CEO 2 Group results Q1 SEK M Q1 2006 Q1 Change, % Net interest income 3,777 3,939 4 Net commissions 2,098 1,530 37 Net gains and losses on financial items at fair
More informationAnnika Falkengren CEO. UBS conference. May 14, 2007
Annika Falkengren CEO UBS conference May 14, 2007 What we are How we differ Growth opportunities 2 SEB history Longstanding customer relationships Entrepreneurship International outlook Same major owners
More informationFact Book January June 2011
Fact Book January June STOCKHOLM 14 JULY SEB Fact Book January June N Table of contents Table of contents...2 About SEB...3 SEB history...3 Financial targets...3 Organisation...4 Corporate Governance...5
More informationSwedbank s third quarter 2013 results
Swedbank s third quarter 213 results Michael Wolf, CEO Göran Bronner, CFO Anders Karlsson, CRO Swedbank Retail Stable results SEKm Q3 12 Q2 13 Q3 13 Q/Q Y/Y Net interest income 3 45 3 367 3 473 16 68 Net
More informationAnnika Falkengren CEO
Annika Falkengren CEO 2007 Highlights Q1 2007 Operating profit SEK 4.2bn Revenues exceeded SEK 10bn Continued high customer activity but more volatile capital markets Organic growth RWA: + 7% Stable costs
More informationSwedbank s year-end 2011 results. Michael Wolf, CEO Göran Bronner, CFO Håkan Berg, CRO
Swedbank s year-end 2011 results Michael Wolf, CEO Göran Bronner, CFO Håkan Berg, CRO Delivered according to last years prospects Net profit of SEK 11.7bn for 2011 Core Tier 1 capital ratio of 15.7 per
More informationSwedbank s second quarter 2013 results. Michael Wolf, CEO Göran Bronner, CFO Håkan Berg, CRO
Swedbank s second quarter 213 results Michael Wolf, CEO Göran Bronner, CFO Håkan Berg, CRO Retail Stable results continue SEKm Q2 12 Q1 13 Q2 13 Q/Q Y/Y Net interest income 3 362 3 332 3 367 35 5 Net commissions
More informationSvenska Handelsbanken Third quarter 2002
Svenska Handelsbanken Third quarter 2002 22 October 2002 Profit and loss account, January - September Handelsbanken Group Change SEKm 2002 2001 % Net interest income 10 611 9 856 8 Commission, net 3 782
More informationBy sector 22 Credit risk exposure 23 By country, end of period 24 o Savings and deposits. Capital base and capital requirement 27
Fact book HANDELSBANKEN - FACT BOOK Contents This is Handelsbanken 3 Income statement o Income statement Handelsbanken Group 4 o EPS - Earnings Per Share 4 o Key figures 5 o Consolidated statement of comprehensive
More informationInvestor presentation. Result presentation
Investor presentation Result presentation 21 Highlights Income Solid results given present macroeconomic climate Lower provisioning for credit losses and no new NPL formation Provisions for credit losses
More informationAnnika Falkengren. President & CEO. Results 2009
Annika Falkengren President & CEO Results 29 1 Highlights Q1 29 Strong underlying business SEK 4.8bn before provisions for credit losses and impairment charges Stable cost development Doubled collective
More informationBy sector 12 Credit risk exposure 13 By country, end of period 14 o Savings and deposits. Capital base and capital requirement 17
Fact book HANDELSBANKEN - FACT BOOK Contents This is Handelsbanken 3 Income statement o Income statement Handelsbanken Group 4 o EPS 4 o Key figures 5 o Consolidated statement of comprehensive income 5
More informationInvestor presentation. January September
Investor presentation January September 2007 1 Outline Business activity and financial performance Comments on The current market situation and fixed income securities portfolios The Baltic countries The
More informationBy sector 22 Credit risk exposure 23 By country, end of period 24 o Savings and deposits. Capital base and capital requirement 27
Fact book HANDELSBANKEN - FACT BOOK Contents This is Handelsbanken 3 Income statement o Income statement Handelsbanken Group 4 o EPS - Earnings Per Share 4 o Key figures 5 o Consolidated statement of comprehensive
More informationFirst quarter results April Michael Wolf, CEO and Erkki Raasuke, CFO
First quarter results 2009 23 April 2009 Michael Wolf, CEO and Erkki Raasuke, CFO Reduce current risk levels 1. Secure asset quality by pro-active measures 2. Protect earnings capacity throughout the downturn
More informationHandelsbanken January June July 2009
Handelsbanken January June 2009 21 July 2009 Summary January - June 2009 compared with January June 2008 Operating profit increased by 14% till SEK 7,251m (6,352) Return on shareholders equity increased
More informationSwedbank s third quarter 2018 results
Swedbank s third quarter 2018 results Birgitte Bonnesen (CEO), Anders Karlsson (CFO), Helo Meigas (CRO) Swedbank in the Baltics Swedbank s customers in the Baltics Market leader with a strong focus on
More informationBanking in a tough environment
Banking in a tough environment Carnegie Nordic Large Cap Seminar Stockholm Tonny Thierry Andersen CFO & Member of the Executive Board March 3, 2009 The real economy is now severely affected Index Industrial
More informationInterim report Q October 2008 Jan Lidén President and CEO
Interim report Q3 2008 23 October 2008 Jan Lidén President and CEO Content Highlights in Q3 results The macro-economic environment Comments on issues in focus Funding and liquidity Credit quality Business
More informationSwedbank investor presentation. February 2014
Swedbank investor presentation February 2014 Executive summary Market position Swedbank (A+/A1/A+) is the largest retail bank in Sweden and the market leader in private mortgages and deposits in all of
More informationAnnual Accounts Annika Falkengren President & CEO
Annual Accounts 2014 Annika Falkengren President & CEO Unique economic environment Key Interest rates % 2.00 1.80 1.60 1.40 1.20 1.00 0.80 0.60 0.40 0.20 0.00 Jan-14 Sweden Norway Eurozone Feb-14 Mar-14
More informationFact Book January September 2010
Fact Book January September STOCKHOLM 28 OCTOBER SEB Fact book January September N Table of contents Table of contents...2 About SEB...3 SEB History...3 Financial targets...3 Organisation...4 Corporate
More informationSEB Enskilda Nordic Seminar 7 January Erkki Raasuke, CFO
SEB Enskilda Nordic Seminar 7 January 2010 Erkki Raasuke, CFO Continued focus on short-term priorities Asset quality Signs of growth rate of impaired loans levelling off Ektornet to protect long-term shareholder
More informationSwedbank Year-end report 2014
Swedbank Year-end report 214 Michael Wolf, CEO Göran Bronner, CFO Anders Karlsson, CRO Swedbank Swedish Banking Strong customer activity SEKm Q4 14 Q3 14 QoQ YoY Net interest income 3 31 3 372-71 -271
More informationSwedbank s third quarter 2012 results London
Swedbank s third quarter 212 results London Reduced tail risk but weaker economic outlook Low growth/low interest rate environment will remain Sweden benefits from strong financials Regulation drives:
More informationInterim report for Swedbank January - March 2008 Stockholm, April 24, 2008
Interim report for Swedbank January - March 2008 Stockholm, April 24, 2008 Profit for first quarter 2008 in line with first quarter 2007 Profit for the period amounted to SEK 2,900m (2,910) Earnings per
More informationExecutive summary. Interim results January - June
Executive summary Interim results January - June 2005 www.sebgroup.com 1 SEB Focus SEB traditional strengths - Corporates - Affluent individuals Growth Broadening platform New home markets /acquisitions
More informationHandelsbanken January December February 2009
Handelsbanken January December 2008 10 February 2009 Summary Q4 2008 compared with Q3 2008 Operating profits rose by 39% to SEK 5,216m and by 20% excluding capital gains Net interest income went up by
More informationBy sector 22 Credit risk exposure 23 By country, end of period 24 o Savings and deposits. Own funds and capital requirement 27
Fact book HANDELSBANKEN - FACT BOOK Contents This is Handelsbanken 3 Income statement o Income statement Handelsbanken Group 4 o EPS - Earnings Per Share 4 o Key figures 5 o Consolidated statement of comprehensive
More informationFact Book January September 2010
Fact Book January September STOCKHOLM 28 OCTOBER SEB Fact book January September N Table of contents Table of contents...2 About SEB...3 SEB History...3 Financial targets...3 Organisation...4 Corporate
More informationAnnika Falkengren. Merrill Lynch Banking & Insurance CEO Conference. London. 30 September President and CEO
Annika Falkengren President and CEO Merrill Lynch Banking & Insurance CEO Conference London 3 September 29 1 The starting point: SEB has a strong competitive position A long-term relationship bank Strong
More informationUBS Nordic Financial Services Conference Stockholm
Annika Falkengren President and CEO UBS Nordic Financial Services Conference Stockholm 10 September 2009 1 The starting point: SEB has a strong competitive position A long-term relationship bank How we
More informationSwedbank s year-end 2013 results
Swedbank s year-end 2013 results Michael Wolf, CEO Göran Bronner, CFO Anders Karlsson, CRO Swedbank Swedish Banking Stable results SEKm Q4 13 Q3 13 Q/Q Net interest income 3 448 3 473-25 Net commissions
More informationFact Book January September 2013
Fact Book January September STOCKHOLM 24 OCTOBER SEB Fact Book January-September 1 Table of contents About SEB... 4 Financial targets... 4 Rating... 4 Organisation...5 Full-time equivalents, end of quarter...
More informationSwedbank year-end report 2017
Swedbank year-end report 217 Birgitte Bonnesen (CEO), Anders Karlsson (CFO), Helo Meigas (CRO) Swedish Banking Solid mortgage volume growth SEKm Q4 17 Q3 17 QoQ Net interest income 3 861 3 812 49 Net commission
More informationHandelsbanken January June July 2013
Handelsbanken January June 2013 17 July 2013 Q307 Q407 Q108 Q208 Q308 Q408 Q109 Q209 Q309 Q409 Q110 Q210 Q310 Q410 Q111 Q211 Q311 Q411 Q112 Q212 Q312 Q412 Q113 Q213 Handelsbanken Group Average annual growth
More informationThomas Bengtson John Arne Wang. Debt Investor Presentation Q and FY 2015
Debt Investor Presentation Q1 2016 and FY 2015 Thomas Bengtson John Arne Wang More information Available on www.sebgroup.com You will find it under Investor Relations Disclaimer IMPORTANT NOTICE THIS PRESENTATION
More informationInvestor Presentation. Result presentation. January September 2010
Investor Presentation Result presentation January September 2010 Highlights Income Seasonally slow quarter supported by diversified earnings Further improved asset quality Baltics back in black Profit
More informationFact Book January June 2013
Fact Book January June STOCKHOLM 15 JULY SEB Fact Book January June 1 Table of contents About SEB... 4 Financial targets... 4 Rating... 4 Organisation...5 Full-time equivalents, end of quarter... 5 Corporate
More informationSwedbank s second quarter 2018 results
Swedbank s second quarter 218 results Anders Karlsson (CFO), Helo Meigas (CRO) Group financial highlights TOTAL INCOME SEK 11.8bn 12 8 4 Total income, SEKbn Strong loan volume growth Higher commission
More informationSwedbank year-end results 2018
Swedbank year-end results 218 Birgitte Bonnesen (CEO), Anders Karlsson (CFO), Helo Meigas (CRO) Strong financial result in 218 delivered on strategic priorities SELECTED 218 DELIVERIES Continued digitisation
More informationBy sector 22 Credit risk exposure 23 By country, end of period 24 o Savings and deposits. Capital base and capital requirement 27
Fact book HANDELSBANKEN - FACT BOOK Contents This is Handelsbanken 3 Income statement o Income statement Handelsbanken Group 4 o EPS - Earnings Per Share 4 o Key figures 5 o Consolidated statement of comprehensive
More informationInvestor Presentation. Annual Accounts
Investor Presentation Annual Accounts SEB a unique Nordic Bank Relationships Corporates Stability 2 Unique corporate franchise Truly embedded corporate bank Mergers & Acquisitions Foreign Exchange Trade
More informationInvestor presentation. Results 2009
Investor presentation Results 2009 1 Highlights 2009 Strong underlying business SEK 4.8bn before provisions for credit losses and impairment charges Stable cost development Doubled collective provisions
More informationDanske Nordic Bank Seminar
Jan Erik Back CFO Danske Nordic Bank Seminar Copenhagen 2 September 2009 1 SEB s competitive position A long-term relationship bank Strong income and balance sheet Q2-recap, liquidity and capital Asset
More informationThis is Handelsbanken 3
HANDELSBANKEN - FACT BOOK Contents This is Handelsbanken 3 Income statement o Income statement Handelsbanken Group 4 o EPS 4 o Key figures 5 o Consolidated statement of comprehensive income 5 o One-offs
More informationAnnika Falkengren. President and CEO. Result presentation. January September 2010
Annika Falkengren President and CEO Result presentation January September 2010 Highlights Income Seasonally slow quarter supported by diversified earnings Further improved asset quality Baltics back in
More informationDebt Investor Presentation FY 2013 and Q Financials. Thomas Bengtson Arne Boberg
Debt Investor Presentation FY 2013 and Q1 2014 Financials Thomas Bengtson Arne Boberg More information Available on www.sebgroup.com You will find it under Investor Relations Disclaimer IMPORTANT NOTICE
More informationDebt Investor Presentation Financials Q Thomas Bengtson John Arne Wang
Debt Investor Presentation Financials Q1 2015 Thomas Bengtson John Arne Wang More information Available on www.sebgroup.com You will find it under Investor Relations Disclaimer IMPORTANT NOTICE THIS PRESENTATION
More informationInterim Report JANUARY - SEPTEMBER Operating profi t increased by 12% to SEK 9.8bn (8.7) Return on equity was 15.8% (15.2)
Interim Report JANUARY - SEPTEMBER 2004 Operating profi t increased by 12% to SEK 9.8bn (8.7) Return on equity was 15.8% (15.2) Income increased by 6% to SEK 17.8bn (16.8) Recoveries were greater than
More informationHandelsbanken January - June July 2010
Handelsbanken January - June 21 2 July 21 Accumulated dividends since 26 SEK Adjusted equity per share 2 175 15 125 1 75 5 2 Kv2 6 Kv3 6 Kv4 6 Kv1 7 Kv2 7 Kv3 7 Kv4 7 Kv1 8 Kv2 8 Kv3 8 Kv4 8 Kv1 9 Kv2
More informationDebt Investor Presentation - Q1-update May Jonas Erikson, Head of Group Treasury Peter Stenborn, Debt Investor Relations
Debt Investor Presentation - Q1-update May 2011 Jonas Erikson, Head of Group Treasury Peter Stenborn, Debt Investor Relations Table of contents 1. This is Swedbank 3 2. The Swedish economy 7 3. Swedish
More informationStable, profitable development in Swedish operations Continued strong growth in both volumes and profits in Hansabank Strengthened performance in
Jan Lidén, CEO 1 2 Stable, profitable development in Swedish operations Continued strong growth in both volumes and profits in Hansabank Strengthened performance in savings and deposits 3 Operating profit
More informationBank of America Merrill Lynch 28 September, Jan Erik Back CFO
Bank of America Merrill Lynch 28 September, 2016 Jan Erik Back CFO 1 Well diversified business in a strong economic environment Operates principally in economically robust AAA rated European countries
More informationHandelsbanken January December February 2014
Handelsbanken January December 5 February 2014 Q307 Q407 Q108 Q208 Q308 Q408 Q109 Q209 Q309 Q409 Q110 Q210 Q310 Q410 Q111 Q211 Q311 Q411 Q112 Q212 Q312 Q412 Q113 Q213 Q313 Q413 Average annual growth in
More informationFact Book January March 2014
Fact Book January March 214 STOCKHOLM 25 APRIL 214 SEB Fact Book January March 214 1 Table of contents About SEB... 4 Financial targets... 4 Rating... 4 Organisation...5 Full-time equivalents, end of quarter...
More informationFact Book January June 2014
Fact Book January June STOCKHOLM 14 JULY SEB Fact Book January June 1 Table of contents About SEB... 4 Financial targets... 4 Rating... 4 Organisation...5 Full-time equivalents, end of quarter... 5 Corporate
More informationNew Standards update on initiatives
New Standards update on initiatives Elisabeth Toftmann Klintholm Chief IR Officer Nordea Large Cap Seminar Stockholm, 28 May 2013 Vision Recognised as the most trusted financial partner Customer satisfaction
More informationInterim report for Swedbank January - June 2008 Stockholm, 16 July 2008
Interim report for Swedbank January - June 2008 Stockholm, 16 July 2008 Profit for the period rose by 8 percent compared with the first half year 2007 Profit for the period amounted to SEK 6 504m (6 022)
More informationInvestor Presentation January December 2017
Investor Presentation January December 2017 Disclaimer IMPORTANT NOTICE THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES. IT IS SOLELY FOR USE AT AN INVESTOR PRESENTATION
More informationGoldman Sachs Financials Conference. Sustaining profitability despite challenging funding conditions. Frans Lindelöw
Goldman Sachs Financials Conference Sustaining profitability despite challenging funding conditions Frans Lindelöw Group Executive Management Berlin, 13 June 2008 Disclaimer This presentation contains
More informationInterim Report January - June
20 09 Interim Report January - June Handelsbanken s Interim Report January - June Summary January june compared with January june Operating profit increased by 14% to SEK 7,251m (6,352) and the profit
More informationSvenska Handelsbanken Second quarter 2002
Svenska Handelsbanken Second quarter 2002 20 August 2002 Profit and loss account, January - June Handelsbanken Group Q2 Q2 Change SEKm 2002 2001 % Net interest income 7 025 6 464 9 Commission, net 2 549
More informationSwedbank s second quarter 2015 results Michael Wolf (CEO), Göran Bronner (CFO), Anders Karlsson (CRO) Swedbank
Swedbank s second quarter 215 results Michael Wolf (CEO), Göran Bronner (CFO), Anders Karlsson (CRO) Swedbank Swedish Banking Strong result in low interest rate environment SEKm Q2 15 Q1 15 QoQ Net interest
More informationThird quarter January-September compared with the second quarter The Q3 result was SEK 2 591m (1 567)
Third quarter 2010 compared with the second quarter 2010 The Q3 result was SEK 2 591m (1 567) Earnings per share were SEK 2.23 (1.36) The return on equity was 11.3 per cent (7.0) The cost/income ratio
More informationSwedbank s third quarter 2017 results
Swedbank s third quarter 217 results Birgitte Bonnesen (CEO), Anders Karlsson (CFO), Helo Meigas (CRO) Swedish Banking Good loan volume growth SEKm Q3 17 Q2 17 QoQ Net interest income 3 811 3 792 19 Net
More informationDebt Investor Presentation Financial Results
Debt Investor Presentation Financial Results January March 2017 1 Disclaimer IMPORTANT NOTICE THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES. IT IS SOLELY FOR USE
More information