Swedbank has on June 13 received approval from Sweden’s financial services authority, Finansinspektionen, to use the advanced internal ratings-based (A-IRB) approach for its corporate exposures in Sweden and Norway. This will reduce the bank’s risk exposure amount (REA) by nearly SEK 70bn, a bit more than previously estimated. It will also strengthen the Common Equity Tier 1 capital ratio by approximately 3.4 percentage points, calculated as of end-March 2014.

More detailed information about the effects will be published in the bank’s interim report for the second quarter on Friday 18 July. In the interim report Swedbank’s capital requirement for corporate exposures will be calculated according to the A-IRB approach.