REG - Swedbank AB - Swedbank’s Year-end report 2022

Swedbank ABAnnouncement

31/01/2023 08:15

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RNS Number : 3806O  Swedbank AB  31 January 2023

 

Press Release

 

January 31, 2023

 

Swedbank's Year-end report 2022

 

Swedbank´s President and CEO Jens Henriksson comments: "Swedbank will have a
sustainable return on equity of 15 per cent".

 

·    Strong result with growing net interest income during the year

·    Good credit quality

·    Business priorities and financial plan for sustainable profitability
announced

·    Adjusted risk exposure amount - capital buffer decreases to 3.4 per
cent

·    Proposed dividend of SEK 9.75 per share

 

http://www.rns-pdf.londonstockexchange.com/rns/3806O_1-2023-1-31.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/3806O_1-2023-1-31.pdf)

 

 Financial information                                            Q4       Q3            Full-year  Full-year¹
 SEKm                                                             2022     2022     %    2022       2021         %

 Total income                                                     16 124   14 030   15   53 221     47 681       12
 Net interest income                                              10 921   8 360    31   33 157     27 048       23
 Net commission income                                            3 448    3 643    -5   14 223     14 853       -4
 Net gains and losses on financial items                          763      945      -19  1 887      2 048        -8
 Other income²                                                    992      1 082    -8   3 954      3 732        6
 Total expenses                                                   5 750    5 329    8    21 415     20 847       3
 Profit before impairments, Swedish bank tax and resolution fees  10 373   8 701    19   31 806     26 834       19
 Impairment of intangible and tangible assets                     684      453      51   1 137      56
 Credit impairment                                                679      602      13   1 479      170
 Swedish bank tax and resolution fees³                            439      466      -6   1 831      791
 Profit before tax                                                8 571    7 180    19   27 358     25 817       6
 Tax expense                                                      1 759    1 439    22   5 478      4 945        11
 Profit for the period                                            6 812    5 741    19   21 880     20 872       5
 Profit for the period attributable to:                           6 813    5 737    19   21 877     20 871       5

 Shareholders of Swedbank AB

 Earnings per share, SEK, after dilution                          6.05     5.10          19.43      18.56
 Return on equity, %                                              15.8     13.9          13.3       13.2
 C/I ratio                                                        0.36     0.38          0.40       0.44
 Common Equity Tier 1 capital ratio, %                            17.8     18.5          17.8       18.3
 Credit impairment ratio, %                                       0.14     0.13          0.08       0.01
 1) Presentation of the Income statement has been changed, see note 28.
 2) 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.
 3) The Swedish Bank tax (Risk tax on credit institutions) was introduced from
 1 January 2022.

 

 

 

 

 

 

Contact:

Annie
Ho
Unni Jerndal

Head of Investor
Relations
Senior Advisor

annie.ho@swedbank.com (mailto:annie.ho@swedbank.com)
 
unni.jerndal@swedbank.com (mailto:unni.jerndal@swedbank.com)

+46 70 343 7815
 
+46 73 092 1180

 

 

 

This disclosure contains information that Swedbank is obliged to make public
pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish
Securities Markets Act (2007:528). The information was submitted for
publication, through the agency of the contact person, on January 31, 2023, at
07:00 CET.

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