Swedbank’s Interim report for the second quarter 2022
Swedbank´s President and CEO Jens Henriksson comments:
“Improved profit with rising net interest income”
Second quarter 2022 compared with first quarter 2022
- Balanced growth in private and corporate lending
- Second-highest net interest income to date
positively impacted by interest rate hikes
- Stable net commission income due to higher income from cards
- Good credit quality and low credit impairments
- Rating upgrade from Fitch to AA- on 1 July
1) Presentation of the Income statement has been changed, see note 28.
2) Other income includes the items Net insurance, Share of profit or loss of associates and joint ventures and Other income from the Group income statement.
3) The Swedish bank tax (risk tax on credit institutions) came into force on 1 January 2022.
Contact:
Annie Ho, Head of Investor Relations, annie.ho@swedbank.com, +46 70 343 7815
Unni Jerndal, Senior Advisor, unni.jerndal@swedbank.com, +46 73 092 1180
This disclosure contains information that Swedbank is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on July 19, 2022, at 07:00 CET.
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