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
|
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: Shareholders of Swedbank AB |
6 813 |
5 737 |
19 |
21 877 |
20 871 |
5 |
|
|
|
|
|
|
|
|
|
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. |
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|
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. |
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|
3) The Swedish Bank tax (Risk tax on credit institutions) was introduced from 1 January 2022. |
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Contact:
Annie Ho Unni Jerndal
Head of Investor Relations Senior Advisor
annie.ho@swedbank.com 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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