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.
| 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 |
|
0 |
887 |
-100 |
| 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 |
-100 |
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.
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