Swedbank Annual Report 2008
Financial summary 2008
- Profit for the year amounted to SEK 10 887m (11 996), excluding impairment of goodwill SEK 12 290m.
- Earnings per share amounted to SEK 19.44 (21.78), excluding impairment of goodwill SEK 21.95.
- The return on equity was 15.2 percent (18.9), excluding impairment of goodwill 17.1 percent.
- Net interest income increased by 13 percent to SEK 21 702m (19 157).
- Net commission income decreased by 11 percent to SEK 8 830m (9 880).
- Net gains and losses on financial items increased by 39 percent to SEK 2 351m (1 691).
Vision and strategy
In just a few years, Swedbank has grown from a Swedish bank with an international presence to an international financial institution with a Swedish base. Our aim is to be a service leader in all our markets.
President’s statement
2008 began with strong earnings and market success. There was no lack of challenges during the year. However, Swedbank reported solid profitability in every area.
Sustainable development
An important part of Swedbank’s heritage is its contributions to a sustainable society. In our view, without long-term environmental and social development long-term economic development would not be possible.