Interim report for the first quarter 2017
This announcement involves the disclosure of inside information
Birgitte Bonnesen, President and CEO comments: “We are developing attractive new offerings at a rapid rate and collaborating across business and product areas more intensely than ever, guided by our customers’ needs.”
First quarter 2017 compared with fourth quarter 2016
- Increased lending volumes and margins supported net interest income
- Seasonal effects reduced net commission income
- Net gains and losses on financial items affected by positive valuation effects within Group Treasury
- Capital gain from Hemnet sale strengthened profit
- Costs in line with expectations
- Additional provisions in oil related sectors
- Strong capitalisation
For further information:
Gregori Karamouzis, Head of Investor Relations, Swedbank, phone: +46 72 740 63 38
Josefine Uppling, Group Press Officer, Swedbank, phone: +46 76 114 54 21
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 25 April, 2017 at 07.00 CET.
Swedbank promotes a sound and sustainable financial situation for the many people, households and companies. Our vision is to contribute to development “Beyond Financial Growth”. As a leading bank in the home markets of Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has over 7 million retail customers and around 640 000 corporate customers and organisations with 266 branches in Sweden and 143 branches in the Baltic countries. The group is also present in other Nordic countries, the US and China. As of 31 December 2016 the group had total assets of SEK 2 154 billion.
Read more at www.swedbank.com
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