Swedbank released its Q4 16 earnings results this morning. Total income at SEK10.2bn is 1% higher than expectations while total expenses were 1.3% higher than expected at SEK4.4bn. Loan losses on their side are roughly in line with expectations at SEK593m (SEK649m taking into account the impairment of tangible and intangible assets). All in all, profit before tax is slightly higher than expected (+0.5%) at SEK5.15bn. The CET1 ratio at 25% is 100bp higher qoq but management is still considerin
02 Feb 2017
Net interest income definitely picking up...
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Net interest income definitely picking up...
Swedbank AB Class A (FRYA:FRA) | 0 0 0.3% | Mkt Cap: 233,306m
- Published:
02 Feb 2017 -
Author:
Farhad Moshiri -
Pages:
3
Swedbank released its Q4 16 earnings results this morning. Total income at SEK10.2bn is 1% higher than expectations while total expenses were 1.3% higher than expected at SEK4.4bn. Loan losses on their side are roughly in line with expectations at SEK593m (SEK649m taking into account the impairment of tangible and intangible assets). All in all, profit before tax is slightly higher than expected (+0.5%) at SEK5.15bn. The CET1 ratio at 25% is 100bp higher qoq but management is still considerin