• Swedbank AB average return on tangible equity for 2023 was 18.87, a 32.51% increase from 2022.
• Swedbank AB average return on tangible equity for 2022 was 14.24, a 3.72% increase from 2021.
• Swedbank AB average return on tangible equity for 2021 was 14.79, a 43.31% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.