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.

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



For more information, contact: 
Gregori Karamouzis, Head of Investor Relations, tel + 46 72 740 6338
Unni Jerndal, Press Officer, tel +46 73 092 1180
 

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 17 July, 2020 at 07:00 CET.



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Swedbank posted a strong result in very uncertain times.
Jens Henriksson, President and CEO, Swedbank