Swedbank reported its first quarter 2013 results. Net interest income was stable at SEK 3.3 billion, while net commissions grew to SEK 1.6 billion. Digital banking usage continued to increase rapidly, with over 1.3 million mobile bank users. Retail banking results were stable, while large corporates saw lower activity levels. The Baltic banking business focused on cost reductions. Overall, the group reported robust earnings of SEK 3.9 billion and maintained a strong capital position with a Basel III common equity tier 1 capital ratio of 16.4%. Asset quality remained high across all business segments.
Presentation of Swedbank's Year-End Report 2012Swedbank
1) Swedbank reported strong fourth quarter and full year 2012 results, with profits up year-over-year driven by higher market-related income and continued stable asset quality.
2) The bank will focus on improving customer service and efficiency through IT investments in 2013.
3) Capital levels remained high and Swedbank intends to increase dividends to 75% of annual profits going forward based on a strong capital position and efficiency focus.
Presentation of Swedbank's first quarter 2012 results Swedbank
Swedbank reported strong first quarter results with profit increasing significantly year-over-year. Cost reductions were on track while credit quality remained stable. Business activity was healthy across most areas though net interest income pressure continued in the Baltic region. Swedbank remains well capitalized with a capital ratio of 15.9% and is focused on further strengthening asset quality and reducing risk-weighted assets.
Presentation of Q3 2012 Results from the Press ConferenceSwedbank
Swedbank reported third quarter 2012 results with a profit before impairments of SEK 5.1 billion. While economic growth outlook remains weak, Swedbank benefits from strong capital and liquidity positions. Cost reductions were ahead of target for the year, helping to improve competitive position. Asset quality remained stable with continued focus on workout of crisis portfolios in Baltic countries and Ukraine.
1) Sweco reported its best quarter ever in Q1 2012 with operating profit of SEK 231 million, up 69% from Q1 2011.
2) Key metrics like net sales, operating margin and earnings per share all increased compared to previous year.
3) Acquisition of FMC Group contributed to Sweco's strong results and growth in Finland.
4) Overall market situation remains good across Sweco's sectors and regions, though some uncertainty remains from European debt crisis.
- Sweco's full year report for 2011 showed strong growth and higher profitability, with operating profit reaching its highest level ever in Q4 2011. Net sales increased 21% in Q4 and 14% for the full year.
- Operating profit increased 49% in Q4 and the operating margin was 10.7%. For the full year, operating profit increased by over 20% and the operating margin was 8.9%.
- Sweco Sweden continued its strong performance, with operating profit up 23% and net sales growth of 16% for the full year.
Deutsche EuroShop - Conference Call Presentation - Interim Report Q1 2012Deutsche EuroShop AG
- Deutsche EuroShop reported results for Q1 2012, with revenue increasing 17% to €51.9 million compared to Q1 2011.
- Net finance costs increased 12% to €21.4 million primarily due to higher interest expenses and minority profit shares.
- Earnings before tax grew 23% to €23.6 million, driven by revenue growth partially offset by higher valuation losses.
- For full year 2012, Deutsche EuroShop expects revenue to increase 2-4% to €207-211 million and FFO per share to grow 3% to €1.76-1.80.
This presentation summarizes Sweco's financial highlights for the first half of 2012. Key points include continued strong growth and solid profitability. Sweco Sweden and Finland performed best. While demand increased, there is an increased probability of slowdown in some segments. Net sales grew 32% to SEK 3.9 billion for the period, with operating profit up 44% to SEK 380.9 million. Overall the market outlook remains robust, though some segments may slow.
Zappos.com financial statements for 2007, 2008, and the first quarter of 2009. These figures are excerpted from Amazon's recent S-4 filing with the SEC
Presentation of Swedbank's Year-End Report 2012Swedbank
1) Swedbank reported strong fourth quarter and full year 2012 results, with profits up year-over-year driven by higher market-related income and continued stable asset quality.
2) The bank will focus on improving customer service and efficiency through IT investments in 2013.
3) Capital levels remained high and Swedbank intends to increase dividends to 75% of annual profits going forward based on a strong capital position and efficiency focus.
Presentation of Swedbank's first quarter 2012 results Swedbank
Swedbank reported strong first quarter results with profit increasing significantly year-over-year. Cost reductions were on track while credit quality remained stable. Business activity was healthy across most areas though net interest income pressure continued in the Baltic region. Swedbank remains well capitalized with a capital ratio of 15.9% and is focused on further strengthening asset quality and reducing risk-weighted assets.
Presentation of Q3 2012 Results from the Press ConferenceSwedbank
Swedbank reported third quarter 2012 results with a profit before impairments of SEK 5.1 billion. While economic growth outlook remains weak, Swedbank benefits from strong capital and liquidity positions. Cost reductions were ahead of target for the year, helping to improve competitive position. Asset quality remained stable with continued focus on workout of crisis portfolios in Baltic countries and Ukraine.
1) Sweco reported its best quarter ever in Q1 2012 with operating profit of SEK 231 million, up 69% from Q1 2011.
2) Key metrics like net sales, operating margin and earnings per share all increased compared to previous year.
3) Acquisition of FMC Group contributed to Sweco's strong results and growth in Finland.
4) Overall market situation remains good across Sweco's sectors and regions, though some uncertainty remains from European debt crisis.
- Sweco's full year report for 2011 showed strong growth and higher profitability, with operating profit reaching its highest level ever in Q4 2011. Net sales increased 21% in Q4 and 14% for the full year.
- Operating profit increased 49% in Q4 and the operating margin was 10.7%. For the full year, operating profit increased by over 20% and the operating margin was 8.9%.
- Sweco Sweden continued its strong performance, with operating profit up 23% and net sales growth of 16% for the full year.
Deutsche EuroShop - Conference Call Presentation - Interim Report Q1 2012Deutsche EuroShop AG
- Deutsche EuroShop reported results for Q1 2012, with revenue increasing 17% to €51.9 million compared to Q1 2011.
- Net finance costs increased 12% to €21.4 million primarily due to higher interest expenses and minority profit shares.
- Earnings before tax grew 23% to €23.6 million, driven by revenue growth partially offset by higher valuation losses.
- For full year 2012, Deutsche EuroShop expects revenue to increase 2-4% to €207-211 million and FFO per share to grow 3% to €1.76-1.80.
This presentation summarizes Sweco's financial highlights for the first half of 2012. Key points include continued strong growth and solid profitability. Sweco Sweden and Finland performed best. While demand increased, there is an increased probability of slowdown in some segments. Net sales grew 32% to SEK 3.9 billion for the period, with operating profit up 44% to SEK 380.9 million. Overall the market outlook remains robust, though some segments may slow.
Zappos.com financial statements for 2007, 2008, and the first quarter of 2009. These figures are excerpted from Amazon's recent S-4 filing with the SEC
The document discusses valuation and exit strategies for family enterprises. It outlines the importance of having an exit strategy when owning a business. The presentation then covers various exit alternatives, including retaining ownership, selling the business, going public, or forming an income trust. It also discusses potential purchasers such as management, financial buyers, or strategic buyers. Additional sections provide details on management buyouts, financial and strategic buyers, preparing the company for sale, business valuation methods, and a case study example.
The document summarizes Paraná Banco's financial results for the first quarter of 2011. Some key highlights include:
- Net income increased 50.0% year-over-year to R$33.5 million.
- Insurance operations accounted for 48.8% of consolidated results, driven by good performance from subsidiaries.
- The loan portfolio grew 4.8% compared to the previous quarter and 21.5% year-over-year.
- Total deposits increased 12.0% compared to the previous quarter and 37.2% year-over-year.
The document provides key financial ratios for Larsen and Toubro for the years March 2011 through March 2007. Some of the key metrics included are net profit margin, return on equity, current ratio, debt to equity ratio, inventory turnover ratio, and earnings per share. The ratios measure profitability, liquidity, leverage, efficiency, and valuation. Overall the document analyzes the company's financial performance and position over several years.
This annual report summarizes Dollar General Corporation's financial performance for the fiscal year ending January 31, 2003. Some key details include:
- Net sales increased 14.6% to $6.1 billion compared to the previous year. Same store sales also rose 5.7%.
- Net income grew 27.7% to $264.9 million, or $0.79 per diluted share. Excluding restatement items, net income increased 11.2% to $250.9 million.
- The company opened 622 new stores, bringing the total number of stores to 6,113 across 27 states. Inventory management and store standards were areas of focus for improvement.
The document discusses pricing strategies and profitability analysis for businesses. It provides examples of calculating costs of goods sold, fixed expenses, and profit margins for different scenarios. It also examines how discounts can impact sales volume but reduce margins and profits. Pricing strategies discussed include cost-plus pricing based on production costs and overhead allocations, as well as determining prices for project-based work like catering based on estimated attendance and menu costs.
This document summarizes the financial performance of a company for the third quarter and first six months of 2007 compared to the same periods in 2006. It shows that net sales increased 8% in the third quarter and 7% for the first six months. Earnings from continuing operations were $92 million in the third quarter and $203 million for the first six months. On a per share basis, diluted earnings from continuing operations were $0.65 per share for the third quarter and $1.41 per share for the first six months. The company's North America segment grew net sales 6% in the third quarter while the International segment grew 17%.
Kelly Services is a global staffing company that operates in 36 countries and territories worldwide. In 2007, Kelly Services assigned over 750,000 employees and generated $5.7 billion in revenue. While Kelly Services faced economic challenges in the US that slowed demand for temporary employees, the company set a new sales record and saw growth in its international business, with international revenue increasing by nearly 20% and international earnings growing over ten fold. Kelly Services' strategic actions helped the company make progress despite the difficult economic conditions.
Microsoft Corporation reported financial results for the quarter and fiscal year ended June 30, 2004. Revenue increased 15% to $9.3 billion for the quarter and 14% to $36.8 billion for the fiscal year. Net income increased 82% to $2.7 billion for the quarter and 9% to $8.2 billion for the fiscal year. Earnings per share increased 79% to $0.25 for the quarter and 9% to $0.76 for the fiscal year. The company's largest segments by revenue were Client, Server and Tools, and Information Worker.
Idea Cellular's net sales increased 46.68% from Rs. 6,719.99 crores in FY2007-08 to Rs. 9,857.08 crores in FY2008-09. Operating profit grew 31.90% from Rs. 2,462.58 crores to Rs. 3,248.02 crores. However, net profit declined 18.35% from Rs. 1,006.15 crores to Rs. 821.54 crores due to a rise in interest, depreciation and tax expenses. Total income rose 49.36% from Rs. 6,919.04 crores to Rs. 10,334.40 crores driven by growth
The document discusses:
1. The current situation including the market opportunity in Ontario and strengths and weaknesses.
2. Strategic decisions that need to be made including raising capital, building a prototype and pilot, promoting the service, and creating interest among advertisers.
3. Options for raising capital such as venture capital, early stage investment, or bootstrapping.
The document outlines a business growth model designed to achieve financial independence through business ownership. It details a plan to purchase multiple businesses over 15 years using the equity and profits from previously acquired businesses to fund the purchase of additional businesses. The model projects revenues, expenses, profits and cash flows over the 15 year period as new businesses are acquired to demonstrate how the owner can achieve their goals of financial independence, retirement resources, education funds, and business succession through implementing this business growth strategy.
The document describes a profit blueprint system that helps businesses improve their net profit performance over time. It does this by taking a similar approach to how sports teams study game film and analyze their own and opponents' performances to identify areas for improvement. The system provides financial analysis reports with key metrics and targets to help businesses see if their strategies are working and make better decisions. It also offers phone coaching to provide proven ideas and best practices from top-performing companies.
The document summarizes today's agenda which includes discussing business strategy, business plan, competition, and go-to-market plan for MacMedia. It then provides a high-level analysis of the business strategy including key financial projections, expectations from academic detailing and advertisers, and reasons for those expectations. Finally, it outlines alternative paths for the market launch including establishing the service, more market research, or building a prototype.
- GOGL reported financial results for Q3 2012 with an EBITDA of $24.1 million but a net loss of $17.1 million or $0.04 per share.
- Revenues were down due to lower trading activity and spot rates. Provisions were taken for unpaid charter hire from the bankrupt charterer Sanko.
- Two newbuilding contracts were cancelled in November and extraordinary debt repayments were made to reduce debt and purchase shares.
- The company has 77% and 57% of its 2014 vessel capacity open on Capesize and Panamax vessels, respectively. Cash breakeven rates were estimated.
- Underlying dry bulk trade growth remained robust at nearly 7
Danaher Corporation reported financial results for the fourth quarter and full year of 2007. Net earnings for Q4 2007 were $320 million, or $0.97 per diluted share. For the full year 2007, net earnings were $1.37 billion, or $4.19 per diluted share. Sales for Q4 2007 were $3.14 billion, a 19.5% increase over Q4 2006. For the full year 2007, sales were $11.03 billion, a 16.5% increase over 2006. The company's president stated they were pleased with the record results and remain confident in their ability to deliver again in 2008 despite softness in some end markets.
- Alltel Corporation completed a spin-off of its wireline business and merger with Valor Communications on July 17, 2006, forming Windstream Corporation.
- Alltel now focuses solely on its wireless business serving over 12 million customers across 35 states.
- As conditions of regulatory approvals for acquisitions, Alltel agreed to divest certain wireless operations in Minnesota, Arkansas, Kansas, and Nebraska.
- The financial statements separate results for continuing and discontinued wireless operations in compliance with accounting standards.
This document provides cost and revenue information for a proposed real estate development project. It includes a breakdown of acquisition costs totaling $74,155,266. It also provides projected annual gross rents totaling $7,877,537 for the first stabilized year. Estimated operating expenses are provided, resulting in a projected net operating income of -$683,066 for the first year. The document also includes calculations for tax payments, returns on investment, and a potential sale of the property in year 10 with a net cash to the seller of $247,533,050.
The document contains projected financial statements for ABC Company from 2010 to 2013. It shows increasing revenue over the years from $584,000 in 2010 to $91.3 million in 2013. Operating expenses also increase substantially over this period. The company grows from a net loss of $755,000 in 2010 to a net loss of $2.5 million in 2013 as it expands operations and markets. Key notes indicate headcount increasing from 18 to 1,128 over this period and capital expenditures growing from $126,000 to $4.5 million.
This document summarizes the budget information for Park City School District's General Fund for fiscal years 2010 through 2013. It shows that expenditures are expected to exceed revenues, resulting in a depletion of the fund balance. Expenditures are projected to increase by $1.3 million from FY2010 to FY2011, while revenues are estimated to remain flat. The fund balance is projected to decrease from $9.5 million in FY2011 to $443,606 in FY2013 as the deficit grows each year without revenue increases.
Swedbank's Global Economic Outlook, 2010 March 18Swedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
The document discusses valuation and exit strategies for family enterprises. It outlines the importance of having an exit strategy when owning a business. The presentation then covers various exit alternatives, including retaining ownership, selling the business, going public, or forming an income trust. It also discusses potential purchasers such as management, financial buyers, or strategic buyers. Additional sections provide details on management buyouts, financial and strategic buyers, preparing the company for sale, business valuation methods, and a case study example.
The document summarizes Paraná Banco's financial results for the first quarter of 2011. Some key highlights include:
- Net income increased 50.0% year-over-year to R$33.5 million.
- Insurance operations accounted for 48.8% of consolidated results, driven by good performance from subsidiaries.
- The loan portfolio grew 4.8% compared to the previous quarter and 21.5% year-over-year.
- Total deposits increased 12.0% compared to the previous quarter and 37.2% year-over-year.
The document provides key financial ratios for Larsen and Toubro for the years March 2011 through March 2007. Some of the key metrics included are net profit margin, return on equity, current ratio, debt to equity ratio, inventory turnover ratio, and earnings per share. The ratios measure profitability, liquidity, leverage, efficiency, and valuation. Overall the document analyzes the company's financial performance and position over several years.
This annual report summarizes Dollar General Corporation's financial performance for the fiscal year ending January 31, 2003. Some key details include:
- Net sales increased 14.6% to $6.1 billion compared to the previous year. Same store sales also rose 5.7%.
- Net income grew 27.7% to $264.9 million, or $0.79 per diluted share. Excluding restatement items, net income increased 11.2% to $250.9 million.
- The company opened 622 new stores, bringing the total number of stores to 6,113 across 27 states. Inventory management and store standards were areas of focus for improvement.
The document discusses pricing strategies and profitability analysis for businesses. It provides examples of calculating costs of goods sold, fixed expenses, and profit margins for different scenarios. It also examines how discounts can impact sales volume but reduce margins and profits. Pricing strategies discussed include cost-plus pricing based on production costs and overhead allocations, as well as determining prices for project-based work like catering based on estimated attendance and menu costs.
This document summarizes the financial performance of a company for the third quarter and first six months of 2007 compared to the same periods in 2006. It shows that net sales increased 8% in the third quarter and 7% for the first six months. Earnings from continuing operations were $92 million in the third quarter and $203 million for the first six months. On a per share basis, diluted earnings from continuing operations were $0.65 per share for the third quarter and $1.41 per share for the first six months. The company's North America segment grew net sales 6% in the third quarter while the International segment grew 17%.
Kelly Services is a global staffing company that operates in 36 countries and territories worldwide. In 2007, Kelly Services assigned over 750,000 employees and generated $5.7 billion in revenue. While Kelly Services faced economic challenges in the US that slowed demand for temporary employees, the company set a new sales record and saw growth in its international business, with international revenue increasing by nearly 20% and international earnings growing over ten fold. Kelly Services' strategic actions helped the company make progress despite the difficult economic conditions.
Microsoft Corporation reported financial results for the quarter and fiscal year ended June 30, 2004. Revenue increased 15% to $9.3 billion for the quarter and 14% to $36.8 billion for the fiscal year. Net income increased 82% to $2.7 billion for the quarter and 9% to $8.2 billion for the fiscal year. Earnings per share increased 79% to $0.25 for the quarter and 9% to $0.76 for the fiscal year. The company's largest segments by revenue were Client, Server and Tools, and Information Worker.
Idea Cellular's net sales increased 46.68% from Rs. 6,719.99 crores in FY2007-08 to Rs. 9,857.08 crores in FY2008-09. Operating profit grew 31.90% from Rs. 2,462.58 crores to Rs. 3,248.02 crores. However, net profit declined 18.35% from Rs. 1,006.15 crores to Rs. 821.54 crores due to a rise in interest, depreciation and tax expenses. Total income rose 49.36% from Rs. 6,919.04 crores to Rs. 10,334.40 crores driven by growth
The document discusses:
1. The current situation including the market opportunity in Ontario and strengths and weaknesses.
2. Strategic decisions that need to be made including raising capital, building a prototype and pilot, promoting the service, and creating interest among advertisers.
3. Options for raising capital such as venture capital, early stage investment, or bootstrapping.
The document outlines a business growth model designed to achieve financial independence through business ownership. It details a plan to purchase multiple businesses over 15 years using the equity and profits from previously acquired businesses to fund the purchase of additional businesses. The model projects revenues, expenses, profits and cash flows over the 15 year period as new businesses are acquired to demonstrate how the owner can achieve their goals of financial independence, retirement resources, education funds, and business succession through implementing this business growth strategy.
The document describes a profit blueprint system that helps businesses improve their net profit performance over time. It does this by taking a similar approach to how sports teams study game film and analyze their own and opponents' performances to identify areas for improvement. The system provides financial analysis reports with key metrics and targets to help businesses see if their strategies are working and make better decisions. It also offers phone coaching to provide proven ideas and best practices from top-performing companies.
The document summarizes today's agenda which includes discussing business strategy, business plan, competition, and go-to-market plan for MacMedia. It then provides a high-level analysis of the business strategy including key financial projections, expectations from academic detailing and advertisers, and reasons for those expectations. Finally, it outlines alternative paths for the market launch including establishing the service, more market research, or building a prototype.
- GOGL reported financial results for Q3 2012 with an EBITDA of $24.1 million but a net loss of $17.1 million or $0.04 per share.
- Revenues were down due to lower trading activity and spot rates. Provisions were taken for unpaid charter hire from the bankrupt charterer Sanko.
- Two newbuilding contracts were cancelled in November and extraordinary debt repayments were made to reduce debt and purchase shares.
- The company has 77% and 57% of its 2014 vessel capacity open on Capesize and Panamax vessels, respectively. Cash breakeven rates were estimated.
- Underlying dry bulk trade growth remained robust at nearly 7
Danaher Corporation reported financial results for the fourth quarter and full year of 2007. Net earnings for Q4 2007 were $320 million, or $0.97 per diluted share. For the full year 2007, net earnings were $1.37 billion, or $4.19 per diluted share. Sales for Q4 2007 were $3.14 billion, a 19.5% increase over Q4 2006. For the full year 2007, sales were $11.03 billion, a 16.5% increase over 2006. The company's president stated they were pleased with the record results and remain confident in their ability to deliver again in 2008 despite softness in some end markets.
- Alltel Corporation completed a spin-off of its wireline business and merger with Valor Communications on July 17, 2006, forming Windstream Corporation.
- Alltel now focuses solely on its wireless business serving over 12 million customers across 35 states.
- As conditions of regulatory approvals for acquisitions, Alltel agreed to divest certain wireless operations in Minnesota, Arkansas, Kansas, and Nebraska.
- The financial statements separate results for continuing and discontinued wireless operations in compliance with accounting standards.
This document provides cost and revenue information for a proposed real estate development project. It includes a breakdown of acquisition costs totaling $74,155,266. It also provides projected annual gross rents totaling $7,877,537 for the first stabilized year. Estimated operating expenses are provided, resulting in a projected net operating income of -$683,066 for the first year. The document also includes calculations for tax payments, returns on investment, and a potential sale of the property in year 10 with a net cash to the seller of $247,533,050.
The document contains projected financial statements for ABC Company from 2010 to 2013. It shows increasing revenue over the years from $584,000 in 2010 to $91.3 million in 2013. Operating expenses also increase substantially over this period. The company grows from a net loss of $755,000 in 2010 to a net loss of $2.5 million in 2013 as it expands operations and markets. Key notes indicate headcount increasing from 18 to 1,128 over this period and capital expenditures growing from $126,000 to $4.5 million.
This document summarizes the budget information for Park City School District's General Fund for fiscal years 2010 through 2013. It shows that expenditures are expected to exceed revenues, resulting in a depletion of the fund balance. Expenditures are projected to increase by $1.3 million from FY2010 to FY2011, while revenues are estimated to remain flat. The fund balance is projected to decrease from $9.5 million in FY2011 to $443,606 in FY2013 as the deficit grows each year without revenue increases.
Swedbank's Global Economic Outlook, 2010 March 18Swedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Purchasing Managers' Index Report November 2009Swedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank's economic outlook report analyzes the economies of Sweden and the Baltic countries. It finds that while growth has been stronger than expected in 2012, it is expected to slow for the rest of the year due to a cooling global economy and recession in the euro area. Growth is projected to pick up again in 2014 as the global outlook gradually improves. Unemployment is expected to remain elevated, especially in Sweden. Downside risks to the outlook include a worsening of the euro area crisis or a hard economic landing in major economies like China.
Swedbank is a bank based in Sweden with operations also in Estonia, Latvia, Lithuania and other markets. As of March 31, 2016 it had total assets of SEK 2,404 billion and an operating profit of SEK 5,275 million. It aims to promote sound financial situations for households and enterprises through offering banking services such as savings, loans, investments and insurance. The presentation provides an overview of Swedbank's home markets, history, values of being simple, open and caring, and private and corporate banking services.
Swedbank's Third Quarter 2011 Results PresentationSwedbank
Swedbank's third quarter 2011 results showed:
1) Net profit of SEK 3.475 billion and a core Tier 1 capital ratio of 15.1%, despite increased macroeconomic uncertainty.
2) Retail banking saw a solid performance with improved net interest income, stable asset quality, good cost control, and high interest rate sensitivity.
3) The group results demonstrated solid core development, with lower fees offset by good cost control and deposit growth, despite negative treasury valuation effects.
4) Liquidity and funding remained strong, with SEK 60 billion in long-term debt issued in Q3 covering USD funding needs for over 12 months.
Swedbanks first quarter results 2011 CEO presentation Swedbank
Swedbank reported strong results for Q1 2011, with net profit of SEK 3.9 billion, a core Tier 1 capital ratio of 14.9%, and a return on equity of 16.1%. Net interest income was stable at SEK 4.5 billion. Total impairments decreased to SEK 970 million due to net loan recoveries. Asset quality continued to improve across all business areas.
Interim report 1 2010, Media and analyst presentation, Nordea BankNordea Bank
The document provides a summary of Nordea's first quarter 2010 results. Some key points:
- Total income was up 7% compared to Q1 2009, driven by increases in net fee and commission income.
- Operating profit increased 48% compared to Q1 2009.
- Net loan losses decreased 27% compared to Q1 2009, with lower losses in Denmark, Sweden, and the Baltic countries.
- Risk-adjusted profit was up 27% compared to Q1 2009, remaining on track to reach long-term targets.
- Total assets under management reached a record high of EUR 169 billion, up 7% from the previous quarter.
This document provides an overview of Skandinaviska Enskilda Banken (SEB) for the first half of 2008. It includes key figures on operating profit, asset quality, divisions, and ratings. SEB saw operating profit decline 23% compared to the second quarter of 2007, though net interest income increased 12% due to growth in lending volume and margins. The document also outlines SEB's organization structure and provides profit and loss statements by quarter comparing 2008 to 2007.
This document summarizes the financial performance of Nordnet for the first three quarters of 2012. Key points include:
- Operating income and profit after tax decreased by 13% and 36% respectively for the first three quarters compared to the same period in 2011, due to lower trading activity.
- EPS fell by 36% for the first three quarters.
- Total operating income and profit for the third quarter alone decreased by 23% and 72% respectively compared to Q3 2011.
- Nordnet saw lower numbers of trades and net savings in the period.
- Håkan Nyberg became the new CEO in August 2012.
- The document outlines Nordnet's vision to become the leading bank for savings in the
Color Group AS is the parent company of Color Line AS, Norway's largest short-sea cruise and freight company operating four international ferry services between Norway, Germany, Denmark and Sweden. In 2010, Color Line transported over 4 million passengers, nearly 1 million cars, and over 170,000 trailers. The company has invested over 7.5 billion since 2004 in new ships, ports, and infrastructure to modernize its fleet. Color Line had annual revenues of approximately 4.5 billion NOK in 2010 and employs around 2,446 people across four countries.
1) Credit Suisse reported operating income of CHF 8.72 billion for Q3 2001, with net operating profit before minorities of CHF 157 million.
2) Business unit results showed declines across most divisions compared to Q2 2001, with the exception of a small increase at CS Asset Management.
3) Winterthur Insurance reported a net operating profit of CHF 102 million for the quarter, down 53% from Q2 2001, with underwriting and investment income both decreasing.
- Sweco reported record earnings and strong growth in 2012, with Sweco Finland being the best performer.
- Net sales for Q4 2012 were SEK 2,093.5 million, up 17% year-over-year, while full year 2012 net sales reached SEK 7,503.5 million, a 25% increase.
- Operating profit for Q4 2012 was SEK 182.5 million and SEK 659.3 million for full year 2012.
Larsen & Toubro Limited (L&T) is an Indian engineering conglomerate engaged in engineering, construction, and manufacturing. The document provides an overview of L&T and the engineering industry in India. It summarizes L&T's financial performance and position, highlighting strong revenue and order inflow growth. Calculations include projected financial statements, weighted average cost of capital, discounted cash flow valuation, and target price of Rs. 2,413.60 per share for L&T.
Highlights of the fourth quarter of 2011. Net sales amounted to SEK 28,369m (27,556) and income for the period was SEK 221m (677), or SEK 0.77 (2.38) per share. Operating income amounted to SEK 1,441m (1,714), corresponding to a margin of 5.1% (6.2), excluding items affecting comparability and non-recurring items.
Rakon Limited reported financial results for FY12 with revenue of NZ$178m, down 5% from the prior year. Look-through EBITDA was NZ$13.1m, lower than the NZ$24.8m achieved in FY11. Operating cash flow increased to NZ$7.9m. Revenue from smart wireless devices grew due to increased sales and new customers, while telecom revenue declined due to slower operator spending. The strengthening New Zealand dollar also negatively impacted financial results.
SK broadband reported a 1.9% increase in operating revenues for 2013 compared to 2012. While broadband revenues decreased 2.8% due to lower ARPU, TV revenues increased 55.4% from subscriber growth. Net income decreased 45.3% for the year. Capital expenditures increased 33.6% in 2013 to KRW 576.2 billion, with KRW 226.3 billion spent on last-mile investments. Subscriber counts grew for broadband, TV and corporate voice customers in the fourth quarter of 2013.
- Danske Bank Group reported a net profit of DKK 1.5 billion for the first nine months of 2011, impacted by low interest rates, low economic growth, and turbulent capital markets.
- Total income was DKK 31.5 billion, down 11% from the same period in 2010. Net interest income declined as expected but began increasing in the third quarter after raising lending rates. Net trading income was strong in the first half but suffered in the third quarter due to financial turmoil.
- Expenses were DKK 19.5 billion, flat compared to the first nine months of 2010.
- Bank of America reported second quarter 2006 results, with net income of $5.58 billion excluding merger charges, up 4% from the second quarter of 2005.
- The Global Consumer & Small Business Bank saw strong growth, with net income up 42% to $3.11 billion driven by increases in cards and deposits.
- The Global Corporate & Investment Bank reported net income of $1.72 billion, flat compared to the second quarter of 2005.
How to calculate industry's capm ,pe ratio ggm,Komal Bhandare
Microsoft Corporation is a software company that operates in five segments including Windows, Server and Tools, Online Services, Microsoft Business, and Entertainment and Devices. It develops, licenses, and supports a range of software products and services and also designs and sells hardware. Some of its major products include Windows operating systems, server applications, productivity applications, and business solutions. In 2012, Microsoft acquired Yammer and PhoneFactor.
Global Health Partner reported disappointing Q3 performance with 7% revenue growth but negative EBIT of SEK -13 million. Market trends in Sweden include political focus on profits and quality, as well as increasing patient power and choice. Denmark faces continued price pressure and consolidation. Actions taken include focusing on core business, Nordic growth through acquisitions, and adjusting capacity and costs. Orthopedics/Spine revenue grew 11% in Q3 from an acquisition, but profitability was negatively impacted by lost contracts. Dental revenue was maintained despite market declines.
Swedbank reported net profit of SEK 3.4 billion for Q2 2011. Key highlights included a core Tier 1 capital ratio of 14.8% and return on equity of 14.4%. Business areas like Retail and Large Corporates & Institutions performed well, with improved results driven by higher net interest income. Expenses remained flat while lending and deposit volumes were stable year-to-date. Liquidity reserves were further increased and term funding issuance was on plan. Overall, asset quality improved but macroeconomic risks remained.
This annual report summarizes Color Group's key figures and financial performance for 2007. Some highlights include:
- The introduction of new cruise ships "Color Magic" and "Color Fantasy", marking a new era in quality cruises with a regular sailing schedule.
- The launching of the SuperSpeed concept revolutionized 150-year old shipping traditions, bringing Norway closer to the European continent.
- Color Line is now ready to fulfill its vision of being the best shipping company in Europe for cruises and transportation, based in Norway, after completing its most ambitious investment program in the company's history.
Similar to Swdbank's First Quarter 2013 Results Presentation from thenalysts Conference Call (20)
Swedbank corporate presentation April 25 2017Swedbank
This document provides an overview of Swedbank, a bank operating in Sweden, Estonia, Latvia, and Lithuania. It details that Swedbank has over 16 million inhabitants, 7.3 million private customers, and 651,000 corporate customers across its four home markets. Key figures on branches, employees and lending are also provided for each country. The document discusses Swedbank's history, vision, values, purpose and engagement in society. It outlines challenges from new customer needs, competitors, regulations and economic developments, and how Swedbank is adapting. Services provided to private and corporate customers are also summarized.
The interim report summarizes Swedbank's financial results for the first quarter of 2017. Net interest income and lending volumes increased compared to the previous quarter, while net commission income decreased due to seasonal effects. Overall profits increased 25% compared to the first year, strengthened by a capital gain from the sale of Hemnet. Credit quality remained strong across all business segments, though additional provisions were made for oil-related sectors. The report provides an overview of each business segment and notes that economic indicators have strengthened in Sweden and the Baltic countries in recent months.
Swedbank reported its year-end results for 2016. In Q4 2016, net interest income increased 3% compared to Q3 2016 supported by increased lending volumes. Net commission income benefited from positive stock market development. Higher volumes of covered bond repurchases weighed down Treasury's result. Costs were in line with expectations and credit quality remained solid despite increased provisions in oil related sectors. For the full year 2016, total income increased 11% while total expenses increased only 1%, leading to an 18% rise in operating profit. Return on equity was 15.8% and the proposed dividend per share was SEK 13.20, up from SEK 10.70 the previous year.
Swedbank corporate presentation, February 2 2017Swedbank
Swedbank is a major banking group in Sweden, Estonia, Latvia, and Lithuania, serving over 16 million inhabitants and 7.3 million private customers. It has 389 branches and over 13,700 employees across its four home markets. The document provides an overview of Swedbank's operations and presence in each of its home markets, its financial figures, strategic focus areas, engagement in society, and the services it provides to both private and corporate customers.
Swedbank Corporate Presentation, October 25 2016Swedbank
Swedbank is a major bank operating in Sweden, Estonia, Latvia, and Lithuania with over 14,000 employees. It has a presence in several other Nordic and Baltic countries as well as in China, South Africa, Luxembourg, and the US. The bank provides a variety of financial services to over 7 million private customers and 640,000 corporate customers. Swedbank is adapting to changes in customer needs, regulations, competitors and the macroeconomic environment to remain a strong, relevant bank.
Swedbank Corporate Presentation, June 30 2016Swedbank
Swedbank is a Swedish bank that provides banking services to individuals and businesses. It has over 2.4 trillion SEK in total assets and 7.3 billion SEK in operating profits. It operates primarily in Sweden, Estonia, Latvia, and Lithuania, serving over 4 million private customers and over 500,000 corporate customers. Swedbank aims to be accessible to customers through its branches, phone, and digital channels and to promote financial well-being for households and enterprises.
The presentation outlines Swedbank's purpose, history, values, products and services for private and corporate customers, and emphasizes its commitment to being accessible and providing a positive experience for customers.
This document provides Swedbank's year-end report for 2015. It summarizes that Swedbank's profit for the fourth quarter was stable at SEK 3.8 billion despite challenges from lower interest rates and economic uncertainty. Total income was SEK 9.5 billion for the quarter. For the full year, profit was SEK 15.7 billion, down 4% from 2014, as lower interest rates reduced net interest income despite increased mortgage and deposit volumes. The CEO commented that priorities in 2015 were improving customer value, increasing efficiency, and integrating Sparbanken Öresund.
Swedbank Corporate Presentation, September 2015Swedbank
The bank aims to promote sound financial management for households and enterprises through products like loans, savings, investments, and insurance that are accessible via branches, phone, and online banking designed to be simple, open, and caring.
Swedbank reported its third quarter 2015 results. Key highlights include:
- Successful customer migration in the southern region of Sweden added 100,000 new customers.
- Net profit increased 262 million Swedish krona compared to the previous quarter.
- The cost to income ratio improved to 0.42 from 0.43 in the previous quarter demonstrating good cost control.
- Asset quality remained strong with low credit impairment ratios.
2. Retail banking
Customer requirements drive new ways of banking
q y g
• Focus on functionality and ease of use
million
Monthly logins Swedbank and Savings Banks
30
25
20
15
10
5
0
Jan 2010 Jan 2011 Jan 2012 Jan 2013
Mobile bank Internet bank
2
3. Swedbank and Savings Banks
Fast increase of digital usage
g g
• Internet Bank, private and corporate (since March 1997)
– Number of users: >3.5 million
• Mobile Bank, private (since Dec 2009)
– Number of users: >1.3 million
• Mobile Bank Youth (since March 2013)
– Number of users: 6 700
• Mobile Bank Corporate (since March 2013)
– Number of users: >8 000
• Ipad (since Oct 2012)
– Number of users: >200 000
• Swish (since Dec 2012)
( )
– Number of users: ~100 000
3
4. Retail
Stable results
SEKm Q1 12 Q4 12 Q1 13 ▲ Q/Q ▲ Y/Y • Stable NII
Net interest income 3 371 3 353 3 332 -21 -39
Net commissions 1 538 1 554 1 589 35 51 • Solid asset quality
Total income 5 346 5 255 5 377 122 31
Total
T t l expenses 2 429 2 474 2 406 -68
68 -23
23 • New organisation
Profit before
2 917 2 781 2 971 190 54
impairments
Credit impairments 21 91 55 -36 34
ROE, % 28.4 28.0 27.9
C/I ratio
ti 0.45
0 45 0.47
0 47 0.45
0 45
4
5. Large Corporates & Institutions
Good return
SEKm Q1 12 Q4 12 Q1 13 ▲ Q/Q ▲ Y/Y • Stable NII
Net interest income 728 795 783 -12 55
Net commissions 485 536 419 -117 -66 • Low activity in Corporate
Total income 2 071 1 857 1 814 -43 -257 Finance
Expenses excl variable
pe ses e c a ab e
661 668 646 -22
22 -15
15
staff costs
Variable staff costs 105 75 88 13 -17 • Structural challenges in
Profit before
impairments
1 305 1 114 1 080 -34 -225 Equities
q
Credit impairments 17 162 74 -88 57
• Solid credit quality
ROE, % 18.9 18.3 16.7
C/I ratio 0.37 0.40 0.40
5
6. Baltic Banking
Focus on costs
SEKm Q1 12 Q4 12 Q1 13 ▲ Q/Q ▲ Y/Y • Stable NII in local currency
Net interest income 910 760 742 -18 -168
Net commissions 386 366 388 22 2 • Increased customer activity
Total income 1 468 1 289 1 281 -8 -187
Total
T t l expenses 629 633 586 -47
47 43
-43 • Recoveries
Profit before
839 656 695 39 -144
impairments
Credit impairments -134 -329 -70 -259 -64 • Increased efficiency in focus
ROE, % 14.6 13.3 12.6
C/I ratio
ti 0.43
0 43 0.49
0 49 0.46
0 46
6
7. Group results
Robust earnings
g
SEKm Q1 12 Q4 12 Q1 13 ▲Q/Q ▲Y/Y • Stable NII
Net interest income 4 895 5 346 5 353 7 458
– Repricing
Net commission income 2 398 2 502 2 388 -114 -10
– Funding costs
Net gains and losses 979 830 557 -273 -422
Total income 9 072 9 437 9 082 -355 10
– Lower deposit margins
Total expenses 4 327 4 142 4 043 -99 -284
Profit before impairments 4 745 5 295 5 039 -256 294
• Net gains and losses
Impairment of tangible assets 40 141 85 -56 45 one-off gain in Q4 12
g
Credit impairments -96 -76 60 136 -156
Tax 1 108 786 976 190 -132 • Lower costs
Profit from continued ops. 3 693 4 427 3 918 -509 225
Profit from discontinued ops. -279 -174 -390 -216 -111
• Continued good asset quality
Profit for the period 3 410 4 252 3 525 -727 115
Return on equity, % 14.1 16.9 13.8 • Ukraine and Russia
ROE continuing operations, % 15.3 17.5 15.3 discontinued operations
Cost/income ratio 0.48 0.44 0.45
7
8. Capital situation
Continued strengthening capital position
g g p p
Common Tier 1 capital ratio
• 13-15% CET1
Basel 2* Basel 3 16.7 17.3
16.4
15.4
15 4
* As of 2012 incl. IAS 19
• CRD/CRR IV – less impact
• IRB Advanced
• Waiting for regulatory clarity
2007 2008 2009 2010 2011 2012 Q1 13
Changes in B3 CET1 ratio Q4-Q1
0.55% 16.38%
0.24% -0.13
0.14% 0.14%
15.45%
Q4 2012 Profit Q1 IAS 19 RWA SME & Other Q1 2013
change Q1 CVA Basel 3
(Basel 3) changes
Increase Decrease
8
9. Strong credit quality
g q y
Credit impairments, SEKm Q1 12 Q4 12 Q1 13 • Continued high credit quality
Retail 21 91 55
in Sweden
Large Corporates & Institutions 17 162 74
Baltic Banking -134 -329 -70 • Slower net recoveries in
Estonia
E t i -78
78 -242
242 -54
54
Baltic Banking
B lti B ki
Latvia -21 86 4
Lithuania -35 -173 -20
• Exiting Russia and Ukraine
g
Swedbank Group -96 -76 60
SEKbn Impaired loans
35 31.7
30
25
20
15
10.3
10
5
0
Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13*
* Russia and Ukraine reported as discontinued operations.
9
14. Credit portfolio - Retail
Corporate portfolio drives capital efficiency
p p p y
Total portfolio SEK 222bn Segments excl. Swedbank Volume Secured
Mortgage and Swedbank Finance (SEKbn) (%)
Agriculture
A i lt 5.9
59 81
Manufacturing 9.7 74
Public sector and utilities 5.1 92
94 Construction 4.7 82
104
Retail 9.0 88
Transportation 1.9 85
Shipping 0.1 95
Hotels and restaurants 3.1 91
24
Information & communication 0.9 46
Swedbank Mortgage AB Finance and insurance 2.0 66
Swedbank Finans AB
Property management 49.4 97
Other
Professional service 6.7 65
Other 6.0 72
Total 104.4 87
14
15. Credit portfolio – Large Corporates & Institutions
Shipping and Offshore
pp g SEKbn
Shipping and Offshore
g
-3.0%
-3.0%
30
• Exposure to Shipping & Offshore 24 26 25
24 23
sector was SEK 23.5bn plus 4
20
unutilised commitments of SEK 7.7bn 5
– Portfolio duration 4-5y
10
– Average fleet age 7y
g g y 15
– Strong employment profiles
0
Q1-12 Q2-12 Q3-12 Q4-12 Q1-13
Offshore Tanker Other
Shipping and Offshore Portfolio by subsegment
Shipping and Offshore portfolio by currency
RORO 1.6 bn
Container 0.9
JPY
Dry bulk 0.7 Q1-13
Gas (LNG/LPG) 1.4 Q4-12
Q1-13
Crude oil 0.7 NOK
Product 2.3 Q4-12
Chemical 0.2 USD
Floating p
g production 1.9
Accommodation 1.2
EUR
Supply 3.5
Oil service 1.6
Drilling & exploration 6.8 SEK
Cruise 0.5
05
0 5 10 15 20
0 2 4 6 8
SEKbn
15
16. Credit portfolio
Agriculture
g
• Segmentation definitions
– Corporate Agriculture: Businesses
that derive their main income from
Private:
Residential agricultural activities
20% – Private Investments: Private individuals who
own agricultural p p
g properties for residential or
investment purposes
Agriculture
45%
• Lending to the agricultural sector
Private:
Forestry
SEK 63.3bn
22% – Corporate Agriculture: (58%)
• Agriculture 45%
• Forestry 13%
Forestry
13% – Private Investments (42%)
• Residential: 20%
• Forestry: 22%
16
17. Liquidity and funding
Core balance sheet* structure
Assets Liabilities
SEKbn SEKbn
1 400 1 400
Suppl. cap
S
CET1
Government guaranteed debt
1 200 1 200 Senior
Estonia
CEE lending
1 000 Other corporate 1 000
lending, Sweden &
Deposits
other Nordics
800 800
Other i t S d
Oth private, Sweden
600 600
Swedish
mortgage loans 400
400
Covered
bonds
200 200
0 0
Q1 2013 Q1 2013
* Simplified balance sheet
Source: Swedbank, 31 March, 2013
17
18. Liquidity and funding
Senior unsecured debt strategy
gy
• Limited need given Swedbank’s balance sheet structure
• Secure OC
• Fund liquidity reserves
Senior unsecured debt maturity profile House price sensitivity of the cover pool
SEKbn Senior unsecured debt 40%
60
30%
OC, Q113
tion
20%
ver-collateralisat
40
10%
0%
Ov
20
-10%
0 -20%
20%
2013 2014 2015 2016 2017 2018 2019- 0% -5% -10% -15% -20% -25% -30% -35% -40% -45% -50%
Source: Swedbank, 31 March, 2013, nominal amounts House price drop
18
20. Liquidity and funding
Conservative funding plan
gp
• Issued SEK 40bn of term-funding in Q1
• Term funding plan in 2013 of SEK 120bn full year
120bn, full-year
maturities of SEK 86bn
SEKm Issued long-term debt SEKm Outstanding short-term debt
70 000 60 000
60 000 50 000
50 000
40 000
40 000 FY 2012
Q1 13 30 000 Q4 12
30 000
20 000 Q1 13
20 000
10 000 10 000
0 0
Domestic Euro CB USD CB Other CB Senior Domestic CP ECP/CD USCP Yankee CD French CD
CB (144A) unsecured
Source: Swedbank, 31 March, 2013, nominal amounts
20
21. Liquidity and funding
Long-term funding maturity p
g g y profile
• FY 2013 maturities amount to nominal SEK 86bn, of which
SEK 46bn for the remainder of 2013
Long-term funding maturity profile
SEKbn
200 Government
guaranteed debt
Senior unsecured
150
debt
Covered bonds
100
50
0
2013 2014 2015 2016 2017 2018 2019
2019-
Source: Swedbank Mar 31, 2013
21
22. Liquidity and funding
Limited need for USD-funding
g
• USD-funding need covered for more than 12 months
• Issued USD 1bn of covered bonds (144a) and USD 1bn of senior (144a) YTD 2013
( ) ( )
SEKbn
300
Interest-bearing securities
250
Lending to the public
200
Loans to credit institutions
150 Cash and balances with
central banks
100 Deposits and borrowings
from the public
50 Amounts owed to credit
institutions
Debt securities in issue
0
Assets Liabilities
Source: Swedbank Fact book, Mar 31, 2013
22
23. Liquidity and funding
Liquidity reserve
q y
According to the template defined by the Swedish Bankers' Association
SEKm
Cash and holdings in central banks 210 251
Deposits in other banks available overnight 1 290
Securities issued or guaranteed by sovereigns, central banks or multilateral development banks 27 751
Securities issued or guaranteed by municipalities or Public sector entities 378
Covered bonds 58 284
- Issued by other institutions 58 284
- Own issued
Securities issued by non-financial corporates
Securities issued by financial corporates (excl. covered bonds)
y ( ) 2 532
Other
1
Total 300 486
2,
2 3
Additional li id assets, G
Additi l liquid t Group 56 472
1 95% of the securities in the liquidity reserve per Q1 2013 are rated AAA
2 84% of the additional liquid assets fulfill the Liquidity Reserve definition by the Swedish Bankers’ Association except for
the fact that they are held outside the Treasury department.
3 82% of the additional assets are rated AAA
Source: Swedbank Fact book, 31 March, 2013
23
25. Liquidity and funding
Conservative liquidity levels
q y
• Short-term funding mainly a tool for cash management
• More than 12 months pre funded
pre-funded
SEKbn
400 400
350 350
Additional pledgeable
300 300
and/or liquid assets
Next 12-month term
250 250
1 funding maturities
f
Liquidity reserve,
200 securities 200
CP / CDs and net
150 1
150 interbank funding,
Liquidity reserve,
central bank deposits
deposits, SEKm
100 SEKm 100
50 50
0 0
1As defined by the Swedish Bankers’ Association
Source: Swedbank 31 March, 2013
25
26. Liquidity and funding
Asset encumbrance
Encum bered assets - distribution by type of liability (row ) and asset (colum n)
Central banks Debt
and instruments Securities
Government supranational issued by issued by
debt debt Covered credit corporate and Mortgage
SEKm s u e s
instruments s u e s
instruments bo ds
bonds institutions other issuers
s u o s o e ssue s ABS
S oa s
loans Cas
Cash Total
Central bank funding 0
Intraday settlement 1 028 10 772 11 800
Repurchase agreements 1) 18 448 12 765 31 213
Derivative 2) 74 1 949 13 125 15 148
Covered bonds 3) 514 795 514 795
Other 4) 0 736 284 1 020
Total 19 550 0 25 486 736 0 0 514 795 13 409 573 976
Financial assets pledged for insurance policy holders 109 813
Unencum bered assets - additional assets available for secured funding
Central banks Debt
and instruments Securities
Government supranational issued by issued by
debt debt Covered credit corporate and Mortgage
SEKm instruments instruments bonds institutions other issuers ABS loans Cash Total
Securities 5, 6)
, ) 30 948 11 213 73 812 12 671 8 238 984 137 866
Cover pool over
collateralisation 7) 192 782 192 782
Cover pool eligible assets 8) 12 031 12 031
Total 30 948 11 213 73 812 12 671 8 238 984 204 813 0 342 679
Total assets 1 917 227
1) Repoed securities on balance sheet. 6) All type of securities, including securities non pledgeable at central
2) Collateral posted under CSA agreements, gross (3-year, SEKm, banks, of w hich 80% are rated AAA, 2% are rated below A-
High: 21 572, Low : 10 945, Average: 13 975). and 8% are not rated.
3) Of w hich accrued interest of assets in the cover pool, SEK 2 389m 7) Of w hich accrued interest of assets in the cover pool
as of Q1 2013 overcollateralisation, SEK 831m as of Q1 2013
4) Collateral pledged in securities lending activities and w ith 8) Type of loans; Residential 84.3%, Forestry & Agriculture 15.4%,
exchanges Commercial 0.3%.
5) Reversed repos are included.
Source: Swedbank Fact book Q1 2013
26
27. Swedish housing and mortgage market
Swedish mortgage market
g g
• No securitisation (on balance sheet), no sub-prime market, no 3rd party origination, insignificant
buy-to-let market
• 70% home ownership1
• Rental market is regulated
• Transparent credit information (credit information agency, www.uc.se)
– Publicly available information regarding income, debt, payment track record etc
• Consumer credit legislation requires affordability calculations including stress test of higher interest
rate
• Very limited debt forgiveness possibilities (full recourse)
• Strong social security and generous unemployment benefit system
1 Source: Boverket, 2011
27
28. Swedish housing and mortgage market
Real estate prices – Sweden 12 months development
p p
Single-family homes1 Tenant-owner rights2 Combined3
12M Δ 12M Δ 12M Δ
Apr/12 -2% 2% -1%
May/12 -2% 3% -1%
Jun/12 -1%
1% 4% 0%
Jul/12 0% 4% 1%
Aug/12 2% 4% 3%
Sep/12 2% 5% 3%
Oct/12 1% 6% 3%
Nov/12 3% 7% 4%
Dec/12 4% 7% 6%
Jan/13 3% 7% 5%
Feb/13 4% 7% 5%
Mar/13 3% 7% 5%
Source: Valuegard www.valuegard.se (Based on data from Mäklarstatistik), 1 HOXHOUSESWE, 2 HOXFLATSWE, 3 HOXSWE
28
29. 0
200
400
600
800
1000
1200
1400
1600
1800
1 000
1 200
1 400
1 600
1 800
0
200
400
600
800
Ja
an-05 J an-05
J ul-05 J
Jul-05
Ja
an-06 J an-06
J ul-06 J
Jul-06
an-07
Ja J an-07
J ul-07
J
Jul-07
Real estate prices
Ja
an-08
Source: Swedbank, Estonian Land Board
J an-08
J ul-08
Nr.of deals
Nr.of deals
J
Jul-08
an-09
Ja
J an-09
Baltic countries
Tallinn
Vilnius
J ul-09
Source: Swedbank, State Enterprise Centre of Registers
J
Jul-09
Ja
an-10
J an-10
J ul-10
EUR/m2
EUR/m2 J
Jul-10
Ja
an-11
J an-11
J ul-11
J
Jul-11
Ja
an-12
J an-12
J ul-12
an-13
Ja J
Jul-12
J an-13
1 000
1 200
1 400
1 600
1 800
0
200
400
600
800
J
Jan-05
Jul-05
J
Jan-06
Jul-06
Source: Land book database
J
Jan-07
Jul-07
J
Jan-08
Nr.of deals
Jul-08
J
Jan-09
Riga
Jul-09
J
Jan-10
EUR/m2
Jul-10
J
Jan-11
Jul-11
J
Jan-12
Jul-12
J
Jan-13
29
30. Mortgage loans, gross margin (3 months)
g g g g ( )
%
6
5
4
Net margin
3
The gross margin covers:
Cost of liquidity ~0.2%
2
Administrative costs ~0.3%
Credit i
C dit impairments ~ 0.03%
i t 0 03%
Tax (22 % on profit before tax)
1
0
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Gross margin Swedbank's f unding cost Stibor 3 months Swedish Riksbank's repo rate
30