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BRIEF-Swedbank says receives approval to use advanced IRB approach
June 16, 2014 / 6:11 AM / 3 years ago

BRIEF-Swedbank says receives approval to use advanced IRB approach

STOCKHOLM, June 16 (Reuters) - Swedbank : * Receives approval from to use advanced IRB approach * Says this will reduce the bank’s risk exposure amount (REA) by nearly SEK

70 bln, a bit more than previously estimated * Says it will also strengthen the common equity tier 1 capital ratio by

approximately 3.4 percentage points, calculated as of end-March 2014 Link to full statement: r.reuters.com/wah22w

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