BoA Merrill Lynch Banking & Insurance CEO Conference 2012 - - PowerPoint PPT Presentation

BoA Merrill Lynch Banking & Insurance CEO Conference 2012

Michael Wolf, CEO

Strong balance sheet enables focus on operations

• Low risk in balance sheet – still to be fully recognised
• Capital increasingly a “positive” problem
• Conservative liability and liquidity management

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Ratio Swedbank Expected requirements

CT1-ratio, Basel 3 16.6% 10% (2013) 12% (2015) Liquidity coverage ratio 152% 100% (2015) EUR/USD Net stable funding ratio 91% 100% (2018)

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15% ROE target in low interest rate and growth environment

• Costs

– Well on track for SEK1bn cost reduction in 2012 – No cost increase 2013

• Repricing

– Mortgage book – Corporate – Baltic

• RWA

– Expecting new mortgage riskweight of ~15% – Expecting gradual RWA reduction of SEK 40-50bn in corporate book

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New environment for lending and savings

• Asset repricing to continue
• More focus on DCM
• Increasing savings competition
• Continued rationalising in Asset Management

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Relations increasingly important

Moving towards a cashless society

• E-channels importance continue to increase
• Growth in card products
• Higher productivity – lower costs
• Higher valued services

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Continuing on our set path

• Profitability before growth
• Low risk
• Stay in our four home markets
• Promoting a sound and sustainable financial situation for the

many households and businesses

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