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2018-02-06 07:00

Swedbank's Year-end report 2017

Swedbank's President and CEO comments: “To be more competitive and increase customer value, we have decided to accelerate the pace of investment and devote more resources to digitisation and automation of daily banking services.”
Year-end report 2017

Interim report for the fourth quarter 2017

Fourth quarter 2017 compared with third quarter 2017

  • Increased mortgage volumes lifted net interest income
  • Net commission income benefited from a bullish stock market and PayEx
  • FX effects and slow fixed income and currency trading weighed down net gains and losses on financial items
  • Restructuring reserve increased costs
  • Good credit quality
  • Stronger capitalisation
  • Proposed dividend per share of SEK 13.00 (13.20)

1) One-off income from sale of Hemnet of SEK 680m in first quarter 2017.
2) One-off income from VISA of SEK 2 115m in second quarter 2016, of which Net gains and losses on financial items at fair value SEK 457m and Other income SEK 1 658m.
3) Other income in the table above includes the items Net insurance, Share of profit or loss of associates, and Other income from the Group income statement.

For further information:
Gregori Karamouzis, Head of Investor Relations, Telephone +46 72 740 63 38
Josefine Uppling, Press Officer, Telephone +46 76 114 54 21

This announcement involves the disclosure of inside information
Swedbank AB (publ) is required to disclose this information pursuant to Regulation (EU) No 596/2014 on market abuse, the Swedish Securities Markets Act (2007:528), the Swedish Financial Instruments Trading Act (1991:980) and the regulatory framework of Nasdaq Stockholm. This information was sent to be published on 6 February 2018 at 7.00 CET.