STOCKHOLM, June 16 Swedbank said on
Monday Sweden's Financial Supervisory Authority had approved its
use of a credit risk model for corporate exposures in Sweden and
Norway, boosting some measures of its capital position.
Swedbank said the use of the advanced internal ratings-based
approach will reduce the bank's risk exposure amount by nearly
70 billion crowns ($10.5 billion), adding this was a bit more
than it had previously estimated.
It will also strengthen the bank's Common Equity Tier 1
capital ratio by approximately 3.4 percentage points, calculated
as of March 31, Swedbank said in a statement.
($1 = 6.6448 Swedish Kronas)
(Reporting by Sven Nordenstam, editing by Mia Shanley)