STOCKHOLM, Sweden, Feb. 12, 2004 (PRIMEZONE) -- ForeningsSparbanken (Swedbank) preliminary year-end report for 2003 February 12, 2004.
Operating profit rose by 40 percent to SEK 9,564 M.
2003 in summary:
-- Operating profit rose by 40 percent to SEK 9,564 M (6,848)
-- Profit for the year rose by 53 percent to SEK 6,343 M (4,152)
-- The return on equity rose to 15.9 percent (11.0)
-- Earnings per share rose to SEK 12.02 (7.87)
-- Total income rose by 6 percent to SEK 24,453 M (23,001)
-- Net interest income rose by 4 percent to SEK 16,201 M (15,549)
-- Net commission income amounted to SEK 5,739 M (5,764)
-- Net profit on financial operations rose to SEK 801 M (441)
-- Expenses rose by 1 percent to SEK 13,841 M (13,698)
-- Loan losses decreased by 38 percent to SEK 987 M (1,603)
-- Operating profit for the fourth quarter rose by 33 percent to
SEK 2,467 M (1,848) compared with the corresponding quarter
of 2002
-- The Board of Directors is recommending a cash dividend of
SEK 5.75 per share (5.50)
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The full report is available for download:
http://www.waymaker.net/bitonline/2004/02/12/20040212BIT00050/wkr0001.doc
http://www.waymaker.net/bitonline/2004/02/12/20040212BIT00050/wkr0002.pdf