Swedbank strengthens Tier 1 capital through internal transactions

As part of the bank´s aim to improve its capital structure, Swedbank Försäkring (insurance company) has paid SEK 970m as dividend to Swedbank Robur. At the same time Swedbank Försäkring has received a shareholders’ contribution of SEK 625m. (1888PressRelease) June 29, 2009 - As Swedbank Försäkring is not consolidated in the financial companies group, the transaction increases Swedbank’s Tier 1 capital by SEK 970m and the total capital base increases by SEK 345m. This corresponds to an increase of the Tier 1 capital ratio of about 14 bp and an increase of the total capital adequacy ratio of about 5 bp pro forma as of 31 March 2009, based on fully implemented Basel 2 rules. The transactions do not impact the income statement. Further information, please contact: Johannes... [read full story]                    

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