Swedbank Q3 Up on Lower LLPs and Operating Costs
Swedbank AB (Swedbank or the Bank) reported a net attributable profit of SEK 5,261 million in Q3 2020, up 9% compared to Q2 2020 and 13% Year-on-Year (YoY). The quarterly increase was mainly driven by lower credit impairments and operating costs in Q3 2020, which have more than offset lower operating income. As a result, Swedbank reported a Return-on-Equity (ROE) of 14.3% in Q3 2020 compared to 13.5% in Q2 2020.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.