Reporting changes in first quarter 2017 - no impact on reported profit for Swedbank Group
Swedbank has during the first quarter of 2017 made three changes, which impact how certain income statement and balance sheet items are reported in the business segments and on Group level. None of the changes have an impact on reported profit for the Group.1) Change to the reporting of the Savings banks compensation Swedbank and the Savings banks, as of 1 January 2017, changed their bilateral contract regarding how the compensation will be divided between brokerage services and on-going administrative services for mortgages. Brokerage services costs will be reported as a reduction to