Financials

Return on equity
The Group’s return on equity shall exceed the average for all other large, listed Nordic banks. Comparison banks are SHB, SEB, Nordea, Danske Bank and DnB NOR.

Earnings per share
Swedbank will maintain sustainable growth in earnings per share exceeding the average for comparable banks.

Operational efficiency
Operational efficiency is measured as the relation between costs and income, the C/I ratio. The long-term goal is that the group's C/I ratio will be less than 0.5.

Capital adequacy
The capital ratios will at least meet the level that at any given time is considered appropriate to maintain sustainable financial stability and develop operations. Considering full effect of Basel 2, the Tier 1 capital ratio is to be 8.5-9.0%.

Dividend
The dividend, excluding non-recurring items, will amount to around 40 percent of earnings after tax. The size of the annual dividend is based on the last dividend and is determined with reference to expected profit trends, the capital considered necessary to develop operations and the market’s required return.

 

Other financial information: