Swedbank’s Interim report for the first quarter 2020
Swedbank's President and CEO Jens Henriksson comments: “Our main job as a bank is to do what we can to help our customers get through this difficult situation.”First quarter 2020 compared with fourth quarter 2019
· Higher net interest income due to lower resolution fund fee and higher interest rates · Lower income from cards and asset management negatively affected net commission income · Negative net gains and losses on financial items due to negative valuation effects on derivatives and shareholdings · Higher expenses due to the Swedish FSA’s administrative fine · Higher