Carnegie Nordic Large Cap Seminar Stockholm 4 March 2008 Mikael Inglander, CFO
|
|
- Barbra Malone
- 6 years ago
- Views:
Transcription
1 Carnegie Nordic Large Cap Seminar Stockholm 4 March 28 Mikael Inglander, CFO
2 The leading bank in four small countries Sweden Total population: 9.2m Employees: 8,75 Private customers: 4.1m Corp. customers: 275, Organisations: 12, Branches: 459 Typical market share: 25% Latvia Total population: 2.3m Employees: 2,51 Private customers:.8m Corp. customers: 53, Branches: 77 Typical market share: 3% Estonia Total population: 1.3m Employees: 3,227 Private customers: 1.2m Corp. customers: 88, Branches: 94 Typical market share: 5% Lithuania Total population: 3.5m Employees: 3,384 Private customers: 3.m Corp. customers: 78, Branches: 128 Typical market share: 3% Share of group lending 8% 6% 5% 5% 4% Sweden Estonia Latvia Lithuania Others Potential home markets: Russia and Ukraine Supporting markets: Denmark, Finland, Norway, Russia, Ukraine, USA, Luxemburg, China, Japan and Spain (2)
3 Strong position for profitability and growth Sweden Baltics Ukraine and Russia Swedbank is the leading bank in Sweden. Profitability is high and stable and the bank is consolidating its market shares in important segments in both the private and corporate sectors. Stable base The Baltic economies are experiencing strong economic growth that is expected to remain for many years. As the largest bank in the region, growing with the market ensures Swedbank an attractive earnings growth. Growth and experience Swedbank has a small but growing presence in Ukraine and Russia. Long-term, a significant share of Swedbank s growth will be generated in these markets. Future growth and profitability Share of profit 2: 66% Share of lending 2: 8% Share of profit 2: 32% Share of lending 2: 16% Share of profit 2: 2% Share of lending 2: 2% (3)
4 Swedbank, group overview Swedish Banking Baltic Banking International Banking Swedbank Markets Asset Management & Insurance Shared Services & Group Staffs 6% 5% 52% Share of Group net profit 2 4% 3% 32% 2% 1% % -1% 2% 8% 8% -2% (4)
5 2 A successful and eventful year Profit attributable to shareholders increased 1% to SEK 12bn Net interest income increase by 2% Net commission income increased by 11% Swedish Banking show a stable result, low risks and high return on equity Record result in Baltic Banking with balanced risks Swedbank Markets results on same level as last year s all time high A successful year despite global credit turmoil and Baltic slowdown (5)
6 Q4 2 Good development and strong results Good volume development in Sweden Stable margins on new lending Continued strong results in Baltic banking Economic slowdown align with expectations Strong finish of the year for Swedbank Markets Success in fixed income trading and structured investment products in Sweden and corporate finance in Norway Swedbank Ukraine continues to develop well Profit increased 7% compared with Q4 26 (6)
7 Solid profit development SEKm 17, 15, 13, 11, 9, 7, 5, 3, 1, SEKm 17, 15, 13, 11, 9, 7, 5, 3, 1, -1, , Profit before loan losses Loan losses, net* Capital gains EnterCard and KIAB Operating profit (excl. capital gains) *Loan losses, net = write-offs + provisions recoveries + change in property taken over (7)
8 Minor direct effects from the credit turmoil Valuation- and accounting effects, SEK M Q4 2 Q3 2 Swedbank Markets 4 6 Group Treasury, liquidity portfolio 5 68 Group Treasury, intra-group lending 2 9 Swedbank Mortgage (8)
9 Business volumes SEKbn Savings SEKbn Lending ,2 1, 8 1, Deposits, Sweden Deposits, Baltics AM funds, Sweden Dec, 26 Dec, AM funds, Baltics Structured products, bonds Lending, Group Private, Corporate, Sweden Sweden Private, Corporate, Baltics Baltics Dec, 26 Dec, Other (9)
10 Credit quality, group % Loan loss ratio, net Share of impaired loans Share of provisions (1)
11 (11) Margins Q3-6 Q4-6 Q1- Q2- Q3- Q4- Estonia Latvia Lithuania Sweden % Lending Q3-6 Q4-6 Q1- Q2- Q3- Q4- Estonia Latvia Lithuania Sweden Deposits %
12 Swedish Banking 5, 4,5 4, 3,5 3, 2,5 2, 1,5 1, 5 SEKm % Q2 6 Q3 6 Q4 6 Q1 Q2 Q3 Q4 Income Costs C/I-ratio Continued stable earnings and high profitability Strong corporate lending during Q4 Total lending increased by 4% vs. Q3 and 14% during the full year Continued good deposit trend Deposits increased by 3% vs. Q3 and 15% during the full year Share of new savings from households increased to 18% (17% in Dec 6) Rise in funding costs are gradually, but with certain delay, passed on through higher lending rates Minor valuation effects as a consequence of the turmoil on the credit market Covered bonds as from Q2 28 In agreement to sell 8 branches to savings banks Swedish economy still relatively strong. (12)
13 Baltic Banking Operations 2,4 2,2 2, 1,8 1,6 1,4 1,2 1, SEKm % Q2 6 Q3 6 Q4 6 Q1 Q2 Q3 Q Continued high profitability Net interest income increased 7% vs. Q3 Lending growth in 2 was 33%, the gradual slowdown is expected to continue Weak trading income due to market turmoil Costs affected by Annual wage increases in Latvia and Lithuania, hits P&L as of October every year Investments in operational excellence project for increased productivity High marketing costs. Income Costs C/I-ratio (13)
14 Credit quality, Baltic Banking 2.% Share of impaired loans (12 month old portfolio) 1.5% 1.%.5%.% 2.% Estonia Latvia Lithuania Baltics Group Loan loss ratio, net (average portfolio) 1.2%.4% -.4% % -2.% Estonia Latvia Lithuania Group (14)
15 Decreasing Baltic lending growth 8, Hansabank, Estonia 7, 6, 5, 4, 3, 2, 1, 6% 5% 4% 3% 2% 1% % 7, Hansabank, Latvia 6, 5, 4, 3, 2, 1, 1% 9% 8% 7% 6% 5% 4% 3% 2% 1% % (15) 5/Mar 5/Jun 5/Sep 5/Dec 6/Mar 6/Jun 6/Sep 6/Dec /Mar /Jun /Sep /Dec 5/Mar 5/Jun 5/Sep 5/Dec 6/Mar 6/Jun 6/Sep 6/Dec /Mar /Jun /Sep /Dec 6, Hansabank, Lithuania 5, 4, 3, 2, 1, 7% 6% 5% 4% 3% 2% 1% % 2, Baltic Banking 18, 16, 14, 12, 1, 8, 6, 4, 2, 7% 6% 5% 4% 3% 2% 1% % 5/Mar 5/Jun 5/Sep 5/Dec 6/Mar 6/Jun 6/Sep 6/Dec /Mar /Jun /Sep /Dec 5/Mar 5/Jun 5/Sep 5/Dec 6/Mar 6/Jun 6/Sep 6/Dec /Mar /Jun /Sep /Dec 1, 1 % Total lending, EURm YoY growth
16 Baltic macro development Economic slowdown in Estonia continues: GDP growth slows from ~7% in 2 to ~5% in 28; the bottom of the cycle is expected to be in Q2 28 In Latvia growth slows from ~1.5% to 6% in 28, the bottom of the cycle is expected to be in H2 of 28 Slowdown in Lithuania started in Q4 2: GDP growth will slow from 2 s 8.7% to ~7.5% in 28 Weak domestic demand reduces imports and exports growth continues. Trade and current account deficits are falling. CPI will peak in Q1 28. Long term GDP growth (6-7%) will be above EU average. 12% 1% 8% 6% 4% Real GDP growth 12% 1% 8% 6% 4% CPI growth 2% 2% % % F 28F 29F Est Lat Lit F 29F Est Lat Lit (16) Source: Hansabank Market
17 Swedbank Markets SEKm Q1 6 Q2 6 Q3 6 Q4 6 Q1 Q2 Q3 Profit for the period attributable to shareholders of Swedbank Q4 Good end to the year despite the capital market turmoil Strong results in, above all, fixed income and FX trading, structured investment products and corporate finance fees First Securities Minor valuation effects due to market turmoil, SEK - 4m Continued market leader in corporate bonds, new issues in SEK Sustained growth and market leading position in structured products, sales grew by 39% in 2. (17)
18 International Banking SEKm Q2 6 Q3 6 Q4 6 Q1 Q2 Q3 International Banking, profit for the period of which Russian Banking of which Ukrainian Banking Operations Q4 Continued strong lending growth in Ukrainian Banking, + 112% to SEK 11bn in 2 Loan loss ratio, net in Ukrainian Banking decreased after adjusting calculation method to Swedbank Group s principles Annual lending growth in Russian Banking was 5% to SEK 1bn Following positive court rulings regarding VAT dispute in leasing operations, a reversal of SEK 6m was made in Russian Banking Lending in Nordic branches more than doubled in 2, reaching SEK 13bn. (18)
19 Business areas Swedish Banking Baltic Banking Internat. Banking Swedbank Markets Asset Mgmt 2 vs 26, SEKm 2 % 2 % 2 % 2 % 2 % Net interest income 11,71 5, , Net commission income 4,54 1, ,441 1,868 Other income 1,473 1, Total income 17, , ,279 3, , Staff costs 4,296 2, , Other expenses 4,74 1, Total expenses 9, 3 3, , Profit before loan losses 8, , ,565 1, Loan losses Operating profit 8,6-2 4, , , Tax 2, Profit for the period 6,194 4, , To Swedbank's shareholders 6, , , Return on allocated equity % (19)
20 Key figures Jan - Dec, 2 Jan - Dec, 26 Return on equity, % Earnings per share, SEK Equity per share, SEK C/I ratio before loan losses Loan loss ratio, net, %..2 Share of impaired loans, %.13. Dividend, SEK* Tier 1 capital ratio, new principles, % Tier 1 capital ratio, transition principles, % ** Capital adequacy ratio, new principles, % ** *according to Board of Directors proposal **according to old principles (2)
21 Tier-1 ratio, Group % % Tier 1 ratio amounted to 8.5% Tier 1 ratio, according to transition principles, was 6.2% As of January 1, 28, tier 1 ratio according to transition principles, increased by 31 bps due to the gradual implementation of Basel 2 regulations. Q1-5 Q2-5 Q3-5 Q4-5 Q1-6 Q2-6 Q3-6 Q4-6 Q1- Q2- Q3- Q4- Tier 1 ratio, Basel 2 Tier 1 ratio, transition rules Target Tier 1 ratio (21)
22 Swedbank Funding Structure Lending to the public, SEK 113bn Swedbank Group, excl. Swedbank Mortgage SEK 542bn 49% 51% Swedbank Mortgage SEK 561bn Swedbank Treasury (excluding Mortgage) Distribution of Net Funding Need Swedbank Mortgage Equity 8% Funding 8% Deposits 85% Large deposits Liquidity reserves Net lender in the interbank market Liquidity limits conservative view Funding 95% Equity 5% Swedbank Mortgage constitutes a larger part of Swedbank Group s balance sheet compared to other financial institutions (22)
23 Swedbank Mortgage Credit Risk 31-dec Commercial buildings 1% (1) Multi-family housing incl. Condominium associations 16% (17) Municipalities 3% (4) Agriculture 6% (6) SEKm Individual condominiums 13% (11) Single-family homes 61% (61) = 9% Residential loans Credit losses -Net recoveries during 2 7, Net 6, 3 % 5, 4, , 2, SEKm , 5, <3% 3-6% 6-75% 75-85% >85% Distribution of loan to value Average LTV of 44% 8% percent of the portfolio has an LTV of 5% or lower Impaired, restructured and past due loans At historically low levels (23)
24 Converting to Covered Bonds, Q2 28 Possibility to meet a broader investor base Larger investor base ensures for even more stable liquidity AAA-rating - funding at lower cost Increased liquidity reserve through Swedbank s possibility to pledge subsidiary covered bonds in the Swedish Central Bank Funding strategy to prolong maturity structure with covered bonds (24)
25 Swedbank Mortgage Long Term Funding Swedbank Mortgage - Long Term Funding <1y 1-2y 2-3y 3-4y 4-5y >5y Action plan: Conversion to covered bonds during Q2, 28 and covered bond issues, approx. EUR 6.bn Continuous activities in the market for private placements, approx. EUR 1.5bn Continuous issues on tap in the Swedish mortgage bond market under existing mortgage bond programme, approx. EUR 7.5bn The issue of a new 5-year Swedish benchmark bond Swedbank Mortgage 177 The maturity of SPI173 in June, 28 is smaller than the average yearly maturing domestic benchmark bond (25)
26 2 A successful and eventful year Profit attributable to shareholders increased 1% to SEK 12bn Net interest income increase by 2% Net commission income increased by 11% Swedish Banking show a stable result, low risks and high return on equity Record result in Baltic Banking with balanced risks Swedbank Markets results on same level as last year s all time high A successful year despite global credit turmoil and Baltic slowdown (26)
27 Additional questions? Johannes Rudbeck Investor relations
Interim 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 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 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 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 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 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 informationFacts. 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 informationFact book Q April 2007
Fact book Q1 27 25 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
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 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 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 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 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 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 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 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 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 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 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 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 informationMorgan Stanley European Financials Conference, London 27 March Jan Erik Back CFO SEB
Morgan Stanley European Financials Conference, London 27 March 212 Jan Erik Back CFO SEB In the new world, what are SEB s priorities? Relationship banking as the key franchise driver Response to the new
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 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 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 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 informationSwedbank Baltic Banking Financial Results Q4 2008
Swedbank Baltic Banking Financial Results 2 Content Highlights Volumes Income Expenses Risk 2 Highlights Basis of preparation Hansabank Group refers to consolidated financial statements of AS Hansapank
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 informationKBW 2011 UK and European Financials Conference. Göran Bronner, CFO
KBW 211 UK and European Financials Conference Göran Bronner, CFO This is Swedbank Market leading retail franchise in its home markets Largest retail bank and fund manager in Sweden 6 % Market shares, May
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 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 informationBaltic Banking. Agenda. Overview of the market Present situation Baltic Banking: looking at 2008
Baltic Banking Mr Erkki Raasuke Head of Baltic Banking Capital Markets Day Kiev, 5 March 2008 Agenda Overview of the market Present situation Baltic Banking: looking at 2008 Swedbank 2 1 Overview of the
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 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 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 informationHansabank Group Financial Results Q2 2008
Hansabank Group Financial Results 2008 Content Highlights Volumes Income Expenses Risk 2 Highlights 2008 Following larger one-off events affected performance: Sale of Russian business unit. On 12 May 2008,
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 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 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 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 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 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 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 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 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 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 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 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 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 informationAnnika Falkengren. President and CEO. Result presentation
Annika Falkengren President and CEO Result presentation 2010 Highlights Income Solid results given present macroeconomic climate Lower provisioning for credit losses and no new NPL formation Provisions
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 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 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 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 - 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 informationHANSABANK GROUP. September 2007
HANSABANK GROUP September 20 I Introduction of the Hansabank Group II Market shares and results III Baltic markets 2 Hansabank is a fully owned subsidiary of Swedbank Group. The Group has 2,750 employees,
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 informationSecond quarter January-June Compared with first quarter The result for the quarter amounted to SEK 3 162m (3 425)
Second quarter 2012 Compared with first quarter 2012 The result for the quarter amounted to SEK 3 162m (3 425) Earnings per share before dilution amounted to SEK 2.88* (2.21) and earnings per share after
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 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 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 informationFinancial Results 2018 Johan Torgeby, President & CEO. Telephone conference 30 January 2019
Financial Results 2018 Johan Torgeby, President & CEO Telephone conference 30 January 2019 jan-17 apr-17 jul-17 okt-17 jan-18 apr-18 jul-18 okt-18 jan-17 apr-17 jul-17 okt-17 jan-18 apr-18 jul-18 okt-18
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 informationFourth quarter Full-year compared with the third quarter The quarterly result was SEK 2 750m (2 591)
Fourth quarter 2010 compared with the third quarter 2010 The quarterly result was SEK 2 750m (2 591) Earnings per share were SEK 2.37 (2.23) The return on equity was 11.7 per cent (11.3) The cost/income
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 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 informationHandelsbanken Nordic Large Cap Seminar 14 September Michael Wolf, CEO
Handelsbanken Nordic Large Cap Seminar 14 September 2010 Michael Wolf, CEO Progress continued throughout Q2 Net profit of SEK 1.6bn Improved credit quality Term funding YTD higher than full year maturities
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 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 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 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 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 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 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 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 informationInvestor breakfast meeting
Annika Falkengren President & CEO Jan Erik Back CFO Investor breakfast meeting 17 August 20 1 Priorities for 20 Maintain flexibility & resilience Exploit core strengths Corporates in Nordics & Germany
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 informationSecond quarter January-June compared with the first quarter The result for the period was SEK 1 567m (536)
Second quarter 2010 compared with the first quarter 2010 The result for the period was SEK 1 567m (536) Earnings per share were SEK 1.36 (0.46) The return on equity was 7.0 per cent (2.4) The cost/income
More informationFirst Quarter Report 2011
Copenhagen, Helsinki, Oslo, Stockholm, 28 April 2011 First Quarter Report 2011 Solid quarter CEO Christian Clausen s comment to the report: I am proud to present another strong quarter. Our relationship
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 information1 SWEDBANK MORTGAGE INTERIM REPORT JANUARY-JUNE Swedbank Mortgage. January - June 2012 Compared with January - June 2011
Swedbank Mortgage Interim report January - June Stockholm, 18 July 2012 January - June 2012 Compared with January - June 2011 Profit for the period SEKm 2 000 Operating profit increased by SEK 828m to
More informationSecond Quarter Report 2010
Copenhagen, Helsinki, Oslo, Stockholm, 21 July 2010 Second Quarter Report 2010 CEO Christian Clausen s comment to the report: We have seen a positive development in our customer business with a record
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 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 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 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 informationFact Book. January September 2018 STOCKHOLM 25 OCTOBER 2018
Fact Book January September STOCKHOLM 25 OCTOBER SEB Fact Book January September Table of contents Table of contents... 2 About SEB... 4 SEB history... 4 Organisation... 5 Share of operating profit...
More informationSwedbank Mortgage AB (publ);
SUPPLEMENT DATED AUGUST 23, 2011 TO THE PROSPECTUS DATED MARCH 11, 2011 Swedbank Mortgage AB (publ) (Incorporated with limited liability in the Kingdom of Sweden) U.S.$15,000,000,000 Programme for the
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 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 informationKeefe, Bruyette & Woods 2012 European Financials Conference 19 September Niklas Ekvall Head of Group Treasury
Keefe, Bruyette & Woods 2012 European Financials Conference 19 September 2012 Niklas Ekvall Head of Group Treasury Disclaimer This presentation contains forward-looking statements that reflect management
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 informationFact Book. Annual Accounts 2017 STOCKHOLM 31 JANUARY 2018
Fact Book Annual Accounts STOCKHOLM 31 JANUARY 218 SEB Fact Book Annual Accounts Table of contents Table of contents... 2 About SEB... 4 SEB history... 4 Financial targets... 4 Rating... 4 Organisation...
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 informationBaltics going forward
Jan Erik Back CFO Baltics going forward November 25 20 SEB Baltic division background SEB Baltic division overview Universal banking services in all three countries Ranked No 1 by customers in Estonia
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 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 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 informationFact Book January June 2017 STOCKHOLM 14 JULY 2017
Fact Book January June 217 STOCKHOLM 14 JULY 217 SEB Fact Book January June 217 Table of contents Table of contents... 2 About SEB... 4 SEB history... 4 Financial targets... 4 Rating... 4 Organisation...
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 information