Swedbank´sPresident 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 a 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.