Swedbank: Year-End Report 2012

30 January 2013

Fourth quarter 2012Compared with the third quarter 2012

• The result for the quarter amounted to SEK 4 340m (3 511)
• Earnings per share before dilution amounted to SEK 3.95* (3.20) and earnings per share after dilution amounted to SEK 3.94* (3.19)
• The return on equity was 16.7 per cent (14.1)
• The cost/income ratio was 0.45 (0.44)
• Net interest income amounted to SEK 5 465m (5 263)
• Profit before impairments increased by 3 per cent to SEK 5 204m (5 053)
• Swedbank reported net credit impairments of SEK 11m (204)
• The Common Equity Tier 1 ratio was 17.4 per cent according to Basel 2 (15.7 per cent on 31 December 2011). The Common Equity Tier 1 ratio according to Basel 3 (incl. IAS 19) was 15.4** per cent (14.3 per cent on 31 December 2011).

Full-year 2012Compared with full-year 2011

• The result for the period amounted to SEK 14 438m (11 744)
• Earnings per share before dilution amounted to SEK 12.24* (9.53) and earnings per share after dilution amounted to SEK 12.19* (9.52)
• The return on equity was 14.4 per cent (12.2)
• The cost/income ratio was 0.46 (0.54)
• Net interest income increased by 11 per cent to SEK 21 188m (19 014)
• Profit before impairments increased by 26 per cent to SEK 19 671m (15 646)
• Swedbank reported net credit impairments of SEK 687m (net recoveries of 1 911)
• The Board of Directors has adjusted the dividend policy to 75% of the profit for the year (50%) and proposes a dividend per share of SEK 9.90 for both the ordinary shares and preference shares (5.30) to the Annual General Meeting.

* In the calculation of earnings per share for the first quarter of 2012, the preference share dividend is deducted from profit. The calculation of earnings per share is specified on page 45.

** Swedbank’s estimate based on current knowledge of future regulations.

Read the full report at www.swedbank.com/ir

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