Brocker.Org: Swedbank ‘ready to satisfy whatever’s coming’ as earnings rise 24%


Birgette Bonnesen told CNBC that much stays unclear about the forthcoming implementation of Basel IV, a new deal on intercontinental regulation to standardize cash reserves in a bid to prevent long term economical crises, but said the Nordic-Baltic bank is in a “cozy, solid situation.”

“We are completely ready to satisfy whatever’s coming,” she said.

Swedbank documented earnings of 19.five billion Swedish crowns ($2.2 billion) for the whole calendar year 2016, up from 15.7 billion crowns ($1.7 billion) recorded in 2015.

Fourth-quarter internet earnings came in a bit increased than envisioned, reaching 4.15 billion crowns compared to analysts’ anticipations of 4.1 billion crowns.

The raise has prompted the bank to propose increasing its dividend to thirteen.2 crowns for every share from 10.7 crowns in 2015.

“This quarter and this calendar year we experienced actually excellent value effectiveness and we sustain a very low-threat equilibrium sheet – that’s a actually solid information, I consider, for a bank today,” Bonnesen said.