Swedbank A

Earnings Release • Jan 28, 2020

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 1223B

Swedbank AB

28 January 2020

Press Release

28 January, 2020

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."

Interim report for the fourth quarter 2019 

·      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

http://www.rns-pdf.londonstockexchange.com/rns/1223B_1-2020-1-28.pdf

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 63 38

Unni Jerndal, Press Officer, 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 28 January, 2020 at 07:00 CET.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

ACSKKFBDPBKKCDB