Swedbank
Morgan Stanley European Financials Conference in London, 24 March 2015
Michael Wolf, CEO
Challenges and opportunities ahead
• Market and business environment
• Increased regulation
• Digitalisation
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Good starting point – both in relative and absolute terms
• Stable earnings
• Low risk
• Strong capital base
• High cost efficiency
– Ambition to move towards SEK 16bn in total expenses by 2016
ROE 15.2%
C/I 0.45
CET1
ratio 21.2%
LCR 120%
NSFR 98%
3
Strategic focus areas
• Improve customer value
• Increase efficiency
• Maintain low risk
• Integrate Sparbanken Öresund
Profitability is maintained and business position further strengthened
4
Baltic Banking – resilience in challenging environment
• Economic situation in Russia and geopolitical uncertainty
• Low interest rate environment
• Operational excellence
• Multichannel strategy
• Efficiency efforts continue
ROE 14.6%
C/I 0.41
L/D ratio 91%
5
Large Corporates & Institutions – strategy paying off
• Focused customer organisation
• Simplified and targeted product offering
• Strong position in the growing real estate sector
• Diversified income sources
ROE 19.4%
C/I 0.43
6
Swedish Banking – changing circumstances
• Strong market position
• External driving forces call for change
• Customer behaviour
• Market environment
• Regulation
• New organisation 2015 headed by former head of Baltic Banking
• Focus on increasing efficiency and improving customer value
• Integrate Sparbanken Öresund
ROE 25.4%
C/I 0.48
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Swedish Banking – digitalisation
•
80% of our private customers are
connected to our digital channels
•
Usage highly digitalised – further
digitalisation needed in sales and
advisory
Not yet
digitalised
Less than
monthly usage
7 out of 8 use our
digital channels
monthly
Partly
digitalised
Digitalised
Usage
Sales
Advice
90 % of our customers are happy or very happy with our digital services!
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