Swedbank's Interim report for the third quarter 2019

Swedbank's President and CEO Jens Henriksson comments: “I am proud and enthusiastic about being the CEO of Swedbank. We have an extensive activity plan that I am familiarising myself with and will develop, but above all and foremost I am looking forward – every day and together with my colleagues – to making banking easier for our customers.”

Third quarter 2019 compared with second quarter 2019

• Stable net interest income as higher lending volumes are offset by higher expenses for resolution fund fee
• Increased card usage and higher asset management valuations strengthened net commission income
• Net gains and losses on financial items fell due to lower market activity
• Increased expenses due to investigations and VAT provision
• Good credit quality
• Strong capitalisation

1) 2018 (Q1, Q2 and Q3) results have been restated for changed presentation of tax related to associates.
2) Other income includes the items Net insurance, Share of profit or loss of associates, and Other income from the Group income statement.

For more information, contact: 
Gregori Karamouzis, Head of Investor Relations, Swedbank, tel + 46 72 740 6338
Unni Jerndal, Press Officer, Swedbank, tel +46 73 092 11 80   

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 23 October, 2019 at 06:30 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 600 000 corporate customers and organisations with 172 branches in Sweden and 122 branches in the Baltic countries. The group is also present in other Nordic countries, the US and China. As of 30 June, 2019 the group had total assets of SEK 2 280 billion. Read more at www.swedbank.com

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