Strong Return on Equity
Swedbank reported a return on equity of 16% for the third quarter, indicating strong profitability.
Cost Efficiency Achievements
The cost-to-income ratio was reduced to 0.35, and overall costs decreased by 1.4% compared to the previous quarter.
Credit Rating Upgrade
Standard & Poor's upgraded Swedbank's credit rating, highlighting improved governance, regulatory compliance, and risk management.
Income and Earnings Growth
Income increased, and earnings per share reached SEK 7.53 for the third quarter.
Mortgage Growth
Mortgage loans increased by SEK 5.2 billion, with SEK 4.2 billion distributed through Swedbank's own channels.
Positive Developments in Asset Management
Swedbank Robur saw a net inflow of SEK 9 billion in its four home markets, contributing to increased assets under management.
Successful Cost Control and AI Implementation
AI tools are being utilized to reduce administrative tasks, allowing employees more time for customer interactions, leading to an increase in advisory sessions per employee.
Baltic Market Growth
Corporate lending increased by SEK 7 billion, and mortgage volumes in the Baltics continued to grow strongly.