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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