We were worse than expected for Swedbank in the fourth quarter last year.
Analysts had predicted an operating profit of 5.196 billion crowns. Instead, it was 4.799 billion crowns.
Still, the Board chooses to propose an increase in dividend.
Last week, presented Nordea and SEB their financial statements. On Tuesday, it was the third major bank turn. The report shows that Swedbank made an operating profit of 4.799 billion kronor in the fourth quarter. Analysts who SME Direkt talked to other hand, had predicted a profit of about 5.196 billion crowns. The figure was additionally worse than for the fourth quarter of last year.
For the full year, Swedbank other hand, a better result than the previous year. 2014, the Bank made an operating profit of 21.026 billion crowns. The corresponding figure for 2013 was 19.355 billion crowns.
During the year Swedbank focused on free resources for better customer readings and will also continue to invest in digital services.
– We are constantly to simplify our customers’ everyday lives through increased access and more digital offerings. Our customers have clearly shown that it is our digital services that they want to manage their finances – they choose increasingly our self-service solutions in mobile and Internet banking. It also means that we have more time for those customers who want to come to us and talk about their needs, says Michael Wolf, CEO of Swedbank, in a press release.
The report that the Board would raise the dividend to 11.35 per share. That is an increase of 1.25 per share. The Bank’s policy is to distribute 75 percent of the profits, which 11.35 per akite equivalent.
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