Swedbank’s President and CEO decides on external investigation
Swedbank’s President and CEO Birgitte Bonnesen has decided to appoint the audit firm EY to analyse material and conduct an external investigation about the information presented on the news program “Uppdrag granskning” on Swedish Television.
The assignment that EY has received from Swedbank includes an independent analysis of the material that Swedbank today at lunchtime, on request, has received from Swedish Television. EY will also have the opportunity to request additional material from Swedbank, if they find it relevant for their investigation.
“We take the report presented on Uppdrag granskning very seriously. Preventing and averting money laundering is one of the bank’s most important responsibilities. Therefore, I have given EY a broad mandate to independently and thoroughly investigate the information that was presented on the TV programme,” says Birgitte Bonnesen, President and CEO of Swedbank.
EY will report the results of the investigation to the CEO and Swedbank’s Board of Directors, no later than before the Annual General Meeting which is to be held on March 28, 2019. The result will then be presented to other stakeholders.
“The Board of Directors welcomes Birgitte Bonnesen’s decision to initiate an external investigation. We have complete confidence that Birgitte Bonnesen, together with the Group Executive Management, will put their full focus into solving this issue,” says Lars Idermark, Chairman of the Board at Swedbank.
For further information:
Gabriel Francke Rodau, Head of Communication, Swedbank, tfn: +46 70 144 89 66
Gregori Karamouzis, Head of Investor Relations, Swedbank, tfn: +46 72 740 63 38
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 186 branches in Sweden and 125 branches in the Baltic countries. The group is also present in other Nordic countries, the US and China. As of 31 December, 2018 the group had total assets of SEK 2 246 billion. Read more at www.swedbank.com
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