Slide 1: Swedbank's second quarter 2013 results
Swedbank’s second quarter 2013 results Michael Wolf, CEO Göran Bronner, CFO
Slide 2: Retail: Stable results continue
Retail Stable results continue SEKm Q2 12 Q1 13 Q2 13 ▲ Q/Q ▲ Y/Y • Stable NII Net interest income 3 362 3 332 3 367 35 5 – Stable deposit and lending margins Net commissions 1 531 1 589 1 536 -53 5 – New lending mortgage margins Total income 5 352 5 377 5 312 -65 -40 10-15bp below stock margins Tot
Slide 3: Large Corporates & Institutions: Continued improved market position
Large Corporates & Institutions Continued improved market position SEKm Q2 12 Q1 13 Q2 13 ▲ Q/Q ▲ Y/Y • Improved NII Net interest income 750 783 851 68 101 – Increased volumes and margins Net commissions 396 419 523 104 127 Total income 1 601 1 814 1 926 112 325 • Stronger commission income Expenses
Slide 4: Baltic Banking: Focus on efficiency and risk adjusted returns
Baltic Banking Focus on efficiency and risk adjusted returns SEKm Q2 12 Q1 13 Q2 13 ▲ Q/Q ▲ Y/Y • Stable NII Net interest income 868 742 763 21 -105 – Intensified focus on repricing Net commissions 394 388 445 57 51 Total income 1 448 1 281 1 378 97 -70 • Stronger commission income Total expenses 59
Slide 5: Group results: Stable earnings
Group results Stable earnings • Stable NII Q2 12 Q1 13 Q2 13 Profit from continuing operations, SEKm 3 491 3 918 3 480 • Stronger commission income ROE continuing operations, % 14.6 15.3 14.1 C/I ratio 0.47 0.45 0.46 • One-offs CET 1 ratio, % (Basel 3) 15.1 16.4 17.2 – Net gains and losses – Impairm
Slide 6: Capital: Excess capital building
Capital Excess capital building Changes B3 CET1 ratio Q1-Q2 • IRB Advanced 0.2% 0.1% 0.1% 0.1% 17.2% – On schedule 0.3% 16,4% 15,4% • 13 – 15 % CET 1 ratio • Waiting for regulatory clarity – Resolution regime – CRD IV implementation – Leverage ratio/corporate risk Q4 2012 Q1 2013 Profit IAS 19 Other
Slide 7: Continued strong credit quality
Continued strong credit quality Credit impairments, SEKm Q2 12 Q1 13 Q2 13 • Continued high asset quality Retail 102 55 37 in Sweden Large Corporates & Institutions 53 74 94 Baltic Banking -204 -70 -43 • Slower net recoveries in Estonia -25 -54 -36 Baltic Banking Latvia -197 4 18 Lithuania 18 -20 -2
Slide 8: 2013 ICAAP: Swedbank Group resilience confirmed
2013 ICAAP Swedbank Group resilience confirmed • In 2013 stress test (ICAAP), Swedbank’s CET 1 ratio strengthened throughout the scenario period, despite a scenario with a sharp contraction followed by an extended downturn with slow recovery. • The stress test in Swedish Riksbank’s latest stability