RNS Number : 5895C

Swedbank AB

20 October 2020

"Swedbank delivered another strong quarter in uncertain times"

Jens Henriksson,
President and CEO

Interim report for the third quarter 2020

Third quarter 2020 compared with second quarter 2020

·      Lower net interest income due to lower market rates

·      Stronger income from cards and asset management positively affected net commission income

·      Stabilised net gains and losses on financial items after a volatile first half of the year

·      Low investigation-related expenses due to Covid-19

·      Lower provisions for potential credit impairments related to the effects of Covid-19 

·      Solid capital and liquidity buffers

http://www.rns-pdf.londonstockexchange.com/rns/5895C_1-2020-10-20.pdf

1) Other income includes the items Net insurance, Share of profit or loss of associates and joint ventures and Other income from the Group income statement.

Contact:

Annie Ho                                                                        Unni Jerndal

Head of Investor Relations                                            Head of Group Press Office

annie.ho@swedbank.com                                             unni.jerndal@swedbank.com

+46 70 343 7815                                                            +46 73 092 1180

Swedbank AB (publ) is required to disclose this information pursuant to the Swedish Securities Markets Act (2007:528), the Swedish Financial Instruments Trading Act (1991:980) and/or the regulatory framework  of Nasdaq Stockholm). This information was sent to be published on 20 October at 07:00 CET.

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