Swedbank's Year-end report 2019

Swedbank's President and CEO Jens Henriksson comments: “I want to simplify and clarify, which will strengthen the management team and at the same time provide more decision-making power throughout the bank.”

Fourth quarter 2019 compared with third quarter 2019

• Lower net interest income weighed down by lower lending margins
• Higher asset management valuations and corporate finance activity strengthened net commission income
• Higher net gains and losses on financial items due to favourable market development
• Increased expenses affected by investigations as well as higher IT and staff costs
• Higher credit impairments due to additional provisions for previously known oil-related problem loans 
• Strong capitalisation
• Proposed dividend per share of SEK 8.80 (14.20) for 2019

1) 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, 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 28 January, 2020 at 07:00 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 173 branches in Sweden and 123 branches in the Baltic countries. The group is also present in other Nordic countries, the US and China. As of 30 September, 2019 the group had total assets of SEK 2 507 billion. Read more at www.swedbank.com