Swedbank’s Board of Directors decided in early 2011 to introduce a profitability target and a capitalisation target. In February 2012 the Board of Directors decided to withdraw its capital target. The Board of Directors will decide on a new target once the regulatory situation is deemed more stable.
Return on equity
- The return on equity shall amount to at least 15 per cent.
The return on equity for the full year 2013 was 12.5 per cent (14.6).
Low interest rates and high capitalisation make it more difficult, but not impossible, to achieve the profitability goal.
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Swedbank should be market leader in cost efficiency. Swedbank's C/I ratio for 2013 was 0.45, lower than average for Sweden's three other major banks: Nordea, SEB and Handelsbanken.
Q2 14* Q1 14 Q4 13 Q3 13 Q2 13 Q1 13 Q4 12 Q3 12 % 0.47 0.45 0.46 0.43 0.46 0.45 0.44 0.44
*C/I ratio excluding the acquisition of Sparbanken Öresund was 0.43
The board of Directors will establish a new capital target once the reulations are in place.
During 2013 Swedbank capital ratios continued to improve.
CET capital ratio (Basel 3)*
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