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 promotes a sound and sustainable financial situation for the many people, households and companies. 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 600 000 corporate customers and organisations with 161 branches in Sweden and 96 branches in the Baltic countries. The group is also present in other Nordic countries, the US and China. Read more at www.swedbank.com

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