Swedbank AB (OSTO:SWED A) Tax Rate % : 20.89% (As of Mar. 2024)

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What is Swedbank AB Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Swedbank AB's Tax Expense for the three months ended in Mar. 2024 was kr2,226 Mil. Swedbank AB's Pre-Tax Income for the three months ended in Mar. 2024 was kr10,654 Mil. Therefore, Swedbank AB's Tax Rate % for the quarter that ended in Mar. 2024 was 20.89%.

Swedbank AB Tax Rate % Historical Data

The historical data trend for Swedbank AB's Tax Rate % 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 Tax Rate % Chart

Swedbank AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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19.29

22.95

19.15

20.16

21.76

Swedbank AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															21.91	20.07	20.28	24.89	20.89

Swedbank AB Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Swedbank AB's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	9492	/	43622
	=	21.76 %

Swedbank AB's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	2226	/	10654
	=	20.89 %

Swedbank AB Tax Rate % Related Terms

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Swedbank AB (OSTO:SWED A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Swedbank AB (OSTO:SWED A) » Definitions » Tax Rate %

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SWDBY:USA SWDBF:USA 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.

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