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Regulatory press release

Swedbank's Year-end report 2024

Swedbank
Download the release

Swedbank's President and CEO Jens Henriksson comments: "Swedbank once again delivers a strong result supported by timing effects."

  • Income rose for the full-year
  • The return on equity was 17.1 per cent for the full-year
  • Strict cost control - the cost/income ratio for the full-year was 0.34
  • Credit quality is solid
  • Changed the Dividend Policy to between 60 and 70 per cent of the annual profit
  • Proposed dividend for 2024 of 21 kronor and 70 öre per share, corresponding to 70 per cent of the profit
  • New Investor Day before the summer
Financial information Q4 Q3 Full-year Full-year
SEKm 2024 2024 % 2024 2023 %
Total income 18 634 19 146 -3 74 104 73 057 1
Net interest income  12 274  12 229  0  49 267  50 933  -3 
Net commission income  4 285  4 286  0  16 716  15 088  11 
Net gains and losses on financial items  923  1 170  -21  3 687  2 938  25 
Other income¹  1 152  1 461  -21  4 435  4 098  8 
Total expenses 6 740 5 986 13 25 376 24 100 5
of which administrative fines  0  0  -12  0  887  -100 
Profit before impairments, bank taxes and resolution fees 11 894 13 160 -10 48 728 48 957 0
Impairment of tangible and intangible assets  757  0  790  87 
Credit impairments  -394  271  -268  1 674 
Bank taxes and resolution fees  858  1 012  -15  4 019  3 574  12 
Profit before tax 10 673 11 876 -10 44 187 43 622 1
Tax expense  2 208  2 497  -12  9 320  9 492  -2 
Profit for the period  8 465 9 379 -10 34 866 34 130 2
Earnings per share, SEK, after dilution  7.50  8.30  30.86  30.27 
Return on equity, %  15.8  18.4  17.1  18.3 
C/I ratio  0.36  0.31  0.34  0.33 
Common Equity Tier 1 capital ratio, %  19.8  20.4  19.8  19.0 
Credit impairment ratio, %  -0.08  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, +46 70 343 78 15

Charlotte Nilsson, Press communicator, +46 76 534 66 12

This information constitutes inside information that Swedbank AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation (EU no596/2014). The information was submitted for publication, through the agency of the contact person set out above, January 23, 2025, at 07:00 CET.

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