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 14.7 per cent (15.6).
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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.
Q3 14 Q2 14* Q1 14 Q4 13 Q3 13 % 0.41 0.47 0.45 0.46 0.43
*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.
CET1 capital ratio (Basel 3)*
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