Swedbank AS provides various banking products and services for corporate customers, corporate and retail SMEs, private individuals, and credit institutions in Latvia and internationally. The company offers retail banking products and services that include salary, securities, and escrow accounts; loans for purchases, traveling, education, home improvement, new home, purchasing a car, renovation of an apartment house, and implementing new ideas, as well as option loans; domestic payments, international transfers, e-invoice automated payments, and standing orders; debit and credit cards; savings, pensions, and investment products; home, car, life, and travel insurance products and services; and...
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Swedbank AS Announces Group and Bank Earnings Results for the Six Months Ended June 2014
Jul 30 14
Swedbank AS announced group and bank earnings results for the six months ended June 2014. For the six months, on group basis, net interest income was EUR 61,626,000 compared to EUR 63,120,000 a year ago. Total income was EUR 105,261,000 compared to EUR 110,004,000 a year ago. Profit before impairments was EUR 66,004,000 compared to EUR 68,491,000 a year ago. Operating profit was EUR 72,256,000 compared to EUR 65,520,000 a year ago. Profit for the period was EUR 61,309,000 compared to EUR 55,064,000 a year ago. Return on equity (ROE) was 11.64% compared to 11.77% a year ago. Return on assets (ROA) was 2.50% compared to 2.31% a year ago.
For the six months, on bank basis, net interest income was EUR 56,188,000 compared to EUR 57,272,000 a year ago. Total income was EUR 100,482,000 compared to EUR 104,318,000 a year ago. Profit before impairments was EUR 61,973,000 compared to EUR 63,880,000 a year ago. Operating profit was EUR 67,358,000 compared to EUR 61,607,000 a year ago. Profit for the period was EUR 57,320,000 compared to EUR 52,045,000 a year ago. Return on equity (ROE) was 10.91% compared to 11.14% a year ago. Return on assets (ROA) was 2.34% compared to 2.20% a year ago.
Swedbank Announces Earnings Results for the First Quarter of 2014
Jun 3 14
Swedbank announced earnings results for the first quarter of 2014. During the first quarter of 2014, Swedbank raised its profit 15.6% from the same period a year ago to EUR 29.368 million.