Swedbank’s Interim report third quarter 2024

Source: RNS
RNS Number : 2036J
Swedbank AB
23 October 2024
 

 

Press Release

 

23 October 2024

 

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.


http://www.rns-pdf.londonstockexchange.com/rns/2036J_1-2024-10-22.pdf

 

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

887


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


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.

 

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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