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
|
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. |
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Contact:
Magnus Alvesson, Acting Head of Investor Relations, phone +46 70 610 3341, e-mail magnus.alvesson@swedbank.se
Hannes Mård, Head of Press, phone +46 73 057 4195, e-mail 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
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