Press Release
17 July, 2020
Swedbank's interim report for the second quarter 2020
Swedbank's President and CEO Jens Henriksson comments:
"Swedbank posted a strong result in very uncertain times."
Interim report for the second quarter 2020
Second quarter 2020 compared with first quarter 2020:
• Higher net interest income due to higher business volumes
• Lower income from cards and asset management negatively affected net commission income
• Positive net gains and losses on financial items due to positive valuation effects and high customer activity
• Lower investigation related expenses due to Covid-19
• Lower provisions for expected credit impairments related to the effects of Covid-19
• Solid capital and liquidity buffers
http://www.rns-pdf.londonstockexchange.com/rns/3257T_1-2020-7-17.pdf
1) Other income includes the items Net insurance, Share of profit or loss of associates, and Other income from the Group income statement.
For more information, contact:
Gregori Karamouzis, Head of Investor Relations, tel +46 72 740 63 38
Unni Jerndal, Press Officer, tel +46 73 092 11 80
This announcement involves the disclosure of inside information
Swedbank AB (publ) is required to disclose this information pursuant to Regulation (EU) No 596/2014 on market abuse, the Swedish Securities Markets Act (2007:528), the Swedish Financial Instruments Trading Act (1991:980) and the regulatory framework of Nasdaq Stockholm. This information was sent to be published on 23 April, 2020 at 07:00 CET.