Swedbank: Year-end report 2011
February 14 2012 - 12:51AM
Business Wire
Regulatory News:
Fourth quarter 2011 Compared with the third quarter 2011
- The result for the quarter amounted to
SEK 965m (3 475)
- Earnings per share before dilution
amounted to SEK 0.88* (3.12) and earnings per share after dilution
amounted to SEK 0.88* (3.11)
- The return on equity was 3.9 per cent
(14.4)
- The cost/income ratio was 0.56
(0.53)
- Net interest income was SEK 4 994m (4
857)
- Profit before impairments decreased by
4 per cent to SEK 3 709m (3 859)
- Swedbank reported net recoveries of SEK
174m (441)
- Swedbank’s goodwill related to Latvia
was written down by SEK 1 913m to SEK 1 955m
- The core Tier 1 capital ratio was 15.7
per cent according to Basel 2 (13.9 per cent on 31 December 2010).
The core Tier 1 capital ratio according to Basel 3 was 14.7** per
cent.
Full-year 2011 Compared with full-year 2010
- The result for the period amounted to
SEK 11 744m (7 444)
- Earnings per share before dilution
amounted to SEK 9.53* (6.43) and earnings per share after dilution
amounted to SEK 9.52* (6.43)
- The return on equity was 12.2 per cent
(8.1)
- The cost/income ratio was 0.53
(0.57)
- Net interest income increased by 17 per
cent to SEK 19 118m (16 329)
- Profit before impairments increased by
17 per cent to SEK 15 646m (13 402)
- Swedbank reported net recoveries of SEK
1 911m (credit impairments of 2 810)
- Swedbank’s goodwill related to Latvia
was written down by SEK 1 913m to SEK 1 955m during the fourth
quarter.
- The proposed dividend per share is SEK
5.30 for both the common shares and preference shares.
* The calculation of earnings per share is specified on
page 43.
** Swedbank’s estimate based on current knowledge of future
regulation. Read the full report at www.swedbank.com/ir
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