Swedbank's interim report for the second quarter 2018
Swedbank's President and CEO comments: “We are maintaining a high level of activity while working intensely to improve our offerings and ensure the bank’s future competitiveness.”
Second quarter 2018 compared with first quarter 2018
- Lending growth remains strong
- Higher net commission income due to higher income from cards and asset management
- Sale of UC produced capital gain
- Costs in line with expectations
- Good credit quality
- High capitalization
For further information:
Gregori Karamouzis, Head of Investor Relations, Swedbank, tel +46 72 740 63 38
Josefine Uppling, Head of Press Office, Swedbank, tel +46 76 114 54 21
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 18 July, 2018 at 7.00 CET.
Swedbank encourages a sound and sustainable financial situation for the many households and businesses. 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 620 000 corporate customers and organisations with 205 branches in Sweden and 129 branches in the Baltic countries. The group is also present in other Nordic countries, the US and China. As of 31 March, 2018 the group had total assets of SEK 2 469 billion. Read more at www.swedbank.com
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