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.
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.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
2. Strong start to the year
• Net profit of SEK 3.9bn for Q1
• Core Tier 1 capital ratio of 14.9 per cent
• Return on equity of 16.1 per cent in Q1
Net profit performance
Lehman contribution
Q1 10 Q2 10 Q3 10 Q4 10 Q1 11
2
3. Follow-up on priorities 2011
• Customer focus
• Growth in selected segments
• Quality and effectiveness
• Robust and low-risk balance sheet
3
4. Net interest income
NII supported by higher interest rates
• One-offs and higher stability fee shadowing underlying NII growth
• Improving deposit margins in Retail
• Government guarantee cost kept within Treasury
LC&I Baltic Russia, Treasury,
Retail Banking Ukraine Other 4 527
173 117 29
4 527 188
4 023 -171 997
3 980 -148
3 799
850
2 925
(SEKm)
-433
Q1 10 Q2 10 Q3 10 Q4 10 Q1 11
4
5. Net gains/losses on financial items, fair value
NGL affected by funding effects
• Strong trading result in LC&I, but higher portion of income reported as NII
• Russia & Ukraine returning to normalised levels
• Basis swap gains of 2010 partly reversed, benefits euro funding cost
809
Baltic Russia, Treasury,
647 Retail LC&I Banking Ukraine Other
574 255
9
55
315 105
(SEKm)
-34 369
-70 -39
-22
40
-218
Q1 10 Q2 10 Q3 10 Q4 10 Q1 11
5
7. First quarter 2011 results
Income statement
SEKm Q1 11 Q4 10 Δ Q1 10
Net interest income 4 527 4 527 0 4 023
Net commission income 2 301 2 538 -237 2 282
Net gains/losses 255 315 -60 647
Other 1 369 578 791 715
Total income 8 452 7 958 494 7 667
Total expenses 4 384 4 590 -206 4 391
Profit before impairments 4 068 3 368 700 3 276
Total impairments - 970 - 77 -893 2 260
Operating profit 5 038 3 445 1 593 1 016
Tax expense 1 182 693 489 469
Profit attributable to shareholders 3 852 2 750 1 102 536
7
8. First quarter 2011 results
Key ratios
Volumes, SEKbn Q1 11 Q4 10 Δ Q1 10
Lending to the public 1 141 1 146 -5 1 168
Deposits from the public 502 517 -15 496
Covered bonds 477 410 66 389
Key ratios Q1 11 Q4 10 Q1 10
Return on equity, % 16.1 11.7 2.4
Cost-income ratio 0.52 0.58 0.57
Core funding ratio, %* 114 121 127
Core Tier 1 capital ratio, %** 14.9 13.9 12.3
* Lending/(deposits+covered bonds+retail bonds), ** Basel 2
8
9. Liquidity & Funding
SEK 91bn term funding issued in Q1 2011
• First US covered bond issue (144A), Issuance Q1 & maturities full year 2011
(nominal SEKbn)
dual tranche of USD 1bn each
60
• Two EUR benchmark covered bonds 40
20
• Maturities of nominal SEK 121bn for the
remainder of 2011 0
-20
• Average maturity of wholesale funding,
including short-term funding, 30 months -40
(39 months for covered bonds) -60
-80
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
9
10. Risk highlights
Continued improvements
• Asset quality
– Decreasing impaired loans
– FR&R/Ektornet according to plan
• Substantial recoveries – all countries
• Lehman income
• RWA decreased by SEK 22.3bn in Q1
– SEK 11.0bn lower credit risk
– SEK 8.7bn lower market risk
• Strong funding position
10
11. Asset quality
Net recoveries of SEK 972m in Q1
Credit impairments
SEKm
2 500
• Net recoveries in all CEE
2 210
countries
2 000
• Sweden – also recoveries
1 500
963
• Collateral revaluations,
1 000
repayments and rating migration
500 120
0
-500
-483
-1 000
-972
-1 500
Q1 10 Q2 10 Q3 10 Q4 10 Q1 11
Retail LC&I Baltic Banking Russia & Ukraine Other
11
12. Asset quality
One-off income in US commercial real estate lending
• One-off pre-tax income of SEK 716m in Q1 after
agreement with Lehman
• Remaining gross exposure was USD 1.1bn as of 31 March 2011,
consisting of 35 assets
• No. of repossessed assets are expected to increase
(2 as of today)
• Over-collateralisation still intact
12
13. Capital management
Corporate risk weights – focus on capital efficiency
Corporate risk weights,
90
% development Q1 09 - Q4 10 • Several different work streams
80 • Expected gradual effect in small
steps
70
60
• History not enough to predict
future
50
– Stress tests key steering tool
40 – Transparency
30
20
10
0
Handelsbanken Swedbank SEB Nordea
Source: SEB Enskilda Equity Research
13
14. Capital management
Buy-back programme
14.9%
Excess capital (SEK 9.9bn) • As of 31 March the excess
13.0% capital amounts to SEK 9.9bn
Extra buffer
due to prevailing
circumstances • Gradually during four quarters
(SEK 15.6bn)
10.0%
• Both A-shares and preference
Risk appetite
(ICAAP buffer, shares
SEK 15.6bn)
7.0%
Regulatory requirement
(SEK 36.3bn)
14
21. Liquidity & funding
Long-term funding
• Continued focus on covered bonds with Q1 issuance of SEK 85bn
• SEK 4bn in senior unsecured issuance
• 2 USD-denominated covered bond benchmark deals - of EUR 1bn each
• 2 EUR-denominated covered bond benchmark deals of EUR 1bn and EUR 1.5bn
• Total term funding maturities for the remainder of 2011 - of nominal SEK 121bn
Long-term funding maturity profile, SEKbn
200 200
150 Covered bonds 150 Senior unsecured
Guaranteed bonds
100 100
50 50
0 0
2011 2012 2013 2014 2015 2016 2011 2012 2013 2014 2015 2016
21
22. Liquidity & funding
Remaining government guaranteed debt
• Exited the programme on 30 April 2010
• No issuance under the programme since summer 2009
• SEK 25bn of government guaranteed debt matured during Q1 2011
• Maturities of SEK 53bn for the remainder of 2011
Maturity profile as per Q1 2011, SEKbn
60
40 USD
SEK
EUR
CHF
20 HKD
JPY
0
2011 2012 2013 2014
22
23. Liquidity and funding
Limited unsecured funding need
Lending to the public, less deposits, covered bond
pool and retail bonds
SEKbn
200
150
100
50
0
-50
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2008 2009 2009 2009 2009 2010 2010 2010 2010 2011
23
24. Liquidity reserve* SEKm
Cash and holdings in central banks and deposits in other banks available o/n 63 437
Securities issued or guaranteed by sovereigns, central banks or multilateral development banks 29 214
Securities issued or guaranteed by municipalities or PSEs 0
Covered bonds 53 366
- Issued by other institutions 53 272
- Own issued 93
Securities issued by non-financial corporates 0
Securities issued by financial corporates (excl. covered bonds) 1 869
Other 0
Total 147 886
* As defined by the Swedish FSA
Liquid assets outside Treasury organisation 103 737
Total 251 623
24