REG - Swedbank AB - Swedbank's Interim report first quarter 2025
Tue 08:15
For best results when printing this announcement, please click on link below: https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250429:nRSc5301Ga&default-theme=true RNS Number : 5301G Swedbank AB 29 April 2025 Press Release 29 April 2025 Swedbank's Interim report for the first quarter 2025 Swedbank´s President and CEO Jens Henriksson comments:" Swedbank stands strong in uncertain times". · Return on equity 15.2% · Strict cost control is producing results · Establishment of a Nordic investment bank - SB1 Markets - together with SpareBank 1 http://www.rns-pdf.londonstockexchange.com/rns/5301G_1-2025-4-29.pdf (http://www.rns-pdf.londonstockexchange.com/rns/5301G_1-2025-4-29.pdf) Financial information Q1 Q4 Q1 SEKm 2025 2024 % 2024 % Total income 17 329 18 634 -7 18 087 -4 Net interest income 11 489 12 274 -6 12 599 -9 Net commission income 4 052 4 285 -5 3 976 2 Net gains and losses on financial items 541 923 -41 682 -21 Other income¹ 1 247 1 152 8 831 50 Total expenses 6 115 6 740 -9 6 185 -1 Profit before impairments, bank taxes and resolution fees 11 214 11 894 -6 11 902 -6 Impairment of tangible and intangible assets 0 757 -100 0 Credit impairments -141 -394 -64 144 Bank taxes and resolution fees 929 858 8 1 104 -16 Profit before tax 10 425 10 673 -2 10 654 -2 Tax expense 2 229 2 208 1 2 226 0 Profit for the period 8 196 8 465 -3 8 428 -3 Earnings per share, SEK, after dilution 7.26 7.50 7.47 Return on equity, % 15.2 15.8 16.9 C/I ratio 0.35 0.36 0.34 Common Equity Tier 1 capital ratio, % 19.7 19.8 19.3 Credit impairment ratio, % -0.03 -0.08 0.03 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: Magnus Alvesson, Acting Head of Investor Relations, phone +46 70 610 3341, e-mail magnus.alvesson@swedbank.se (mailto:magnus.alvesson@swedbank.se) Hannes Mård, Head of Press, phone +46 73 057 4195, e-mail hannes.mard@swedbank.se (mailto:hannes.mard@swedbank.se) This information constitutes inside information that Swedbank AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (EU no 596/2014). The information was submitted for publication, through the agency of the contact person set out above, April 29 2025, 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 This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com (mailto:rns@lseg.com) or visit www.rns.com (http://www.rns.com/) . RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy) . END DOCBKLBLEZLZBBD