Swedbank AB Swedbank’s Interim report third quarter 2024
23 October 2024 - 5:00PM
RNS Regulatory News
RNS Number : 2036J
Swedbank AB
23 October 2024
Press Release
23 October 2024
Swedbank's Interim report for the
third quarter 2024
Swedbank´s President and CEO
Jens Henriksson comments: "Swedbank delivers a strong
result."
·
Strong quarter further supported by positive
one-off and timing effects.
·
Solid credit quality.
·
Most loved brand in the Baltic countries for sixth
consecutive year.
http://www.rns-pdf.londonstockexchange.com/rns/2036J_1-2024-10-22.pdf
|
Financial information
|
Q3
|
Q2
|
|
Jan-Sep
|
Jan-Sep
|
|
|
SEKm
|
2024
|
2024
|
%
|
2024
|
2023
|
%
|
|
|
|
|
|
|
|
|
|
Total income
|
19 146
|
18 237
|
5
|
55 470
|
54 028
|
3
|
|
Net interest income
|
12 229
|
12 165
|
1
|
36 993
|
37 605
|
-2
|
|
Net commission income
|
4 286
|
4 169
|
3
|
12 430
|
11 334
|
10
|
|
Net gains and losses on financial
items
|
1 170
|
911
|
28
|
2 763
|
2 093
|
32
|
|
Other income¹
|
1 461
|
991
|
47
|
3 283
|
2 997
|
10
|
|
Total expenses
|
5 986
|
6 465
|
-7
|
18 636
|
17 689
|
5
|
|
of which administrative
fines
|
0
|
|
|
0
|
887
|
|
|
Profit before impairments, bank taxes and resolution
fees
|
13 160
|
11 772
|
12
|
36 834
|
36 339
|
1
|
|
Impairment of tangible and
intangible assets
|
0
|
32
|
|
32
|
13
|
|
|
Credit impairments
|
271
|
-289
|
|
126
|
1 311
|
-90
|
|
Bank taxes and resolution
fees
|
1 012
|
1 045
|
-3
|
3 162
|
2 472
|
28
|
|
Profit before tax
|
11 876
|
10 983
|
8
|
33 513
|
32 542
|
3
|
|
Tax expense
|
2 497
|
2 388
|
5
|
7 112
|
6 734
|
6
|
|
Profit for the period
|
9 379
|
8 595
|
9
|
26 401
|
25 808
|
2
|
|
|
|
|
|
|
|
|
|
Earnings per share, SEK, after
dilution
|
8.30
|
7.61
|
|
23.37
|
22.90
|
|
|
Return on equity, %
|
18.4
|
17.5
|
|
17.5
|
18.9
|
|
|
C/I ratio
|
0.31
|
0.35
|
|
0.34
|
0.33
|
|
|
Common Equity Tier 1 capital ratio,
%
|
20.4
|
20.1
|
|
20.4
|
18.7
|
|
|
Credit impairment ratio,
%
|
0.06
|
-0.06
|
|
0.01
|
0.09
|
|
|
|
|
|
|
|
|
|
|
1) Other income includes the items
Net insurance, Share of profit or loss of associates and joint
ventures, and Other income from the Group income
statement.
|
Contact:
Annie
Ho, Head of Investor Relations,
tel. +46 70 343 78 15
Charlotte
Nilsson, Media Relations
Manager, tel. +46 76 534 66
12
This information constitutes inside
information that Swedbank is obliged to make public pursuant to the
EU Market Abuse Regulation (EU nr 596/2014). The information was
submitted for publication, through the agency of the contact person
set out above, 23 October 2024, at 07:00 CEST.
Swedbank empowers the many people
and businesses to create a better future. Our vision is a
financially sound and sustainable society. Swedbank Group is the
leading bank with over 7 million retail customers and 550 000
corporate customers in our four home markets: Sweden, Estonia,
Latvia and Lithuania. Swedbank Group is also present in other
Nordic countries, the U.S. and China. Together we make your
financial life easier. Find out more: www.swedbank.com
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