Swedbank AB (Swedbank AB) Allowance For Loans And Lease Losses : $-703 Mil (As of Mar. 2024)

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What is Swedbank AB Allowance For Loans And Lease Losses?

Swedbank AB's Allowance For Loans And Lease Losses for the quarter that ended in Mar. 2024 was $-703 Mil.

Swedbank AB's quarterly Allowance For Loans And Lease Losses declined from Sep. 2023 ($-647 Mil) to Dec. 2023 ($-695 Mil) and declined from Dec. 2023 ($-695 Mil) to Mar. 2024 ($-703 Mil).

Swedbank AB's annual Allowance For Loans And Lease Losses declined from Dec. 2021 ($-553 Mil) to Dec. 2022 ($-583 Mil) and declined from Dec. 2022 ($-583 Mil) to Dec. 2023 ($-695 Mil).

Swedbank AB Allowance For Loans And Lease Losses Historical Data

The historical data trend for Swedbank AB's Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Swedbank AB Allowance For Loans And Lease Losses Chart

Swedbank AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-708.62

-976.79

-552.50

-582.87

-694.70

Swedbank AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-647.56	-657.44	-647.28	-694.70	-703.08

Swedbank AB Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

Swedbank AB Allowance For Loans And Lease Losses Related Terms

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Swedbank AB (Swedbank AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Swedbank AB (OTCPK:SWDBY) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

SWDBF:USA SWED A:Sweden 0H6T:UK SWEDAs:UK FRYA:Germany

Address

Landsvagen 40, Sundbyberg, Stockholm, SWE, 172 63

Website

https://www.swedbank.com

Swedbank is one of the oldest banks in Sweden, where it derives the lion's share of its income. The bank is the result of merging savings and union banks in Sweden in the aftermath of the financial crisis in the early 1990s in Sweden. The remaining independent savings banks in Sweden remain in close collaboration with Swedbank, acting as an additional product distribution channel to Swedbank and sharing Swedbank's IT systems and part of its development costs. In addition, the bank operates in the three Baltic states: Estonia, Latvia, and Lithuania. Swedbank has a market-leading position in the Baltics, with share ranging from 20% to 55% in retail banking, where it generates 16% of revenue.