Swedbank A

Earnings Release • Jul 17, 2020

National Storage Mechanism | Additional information

RNS Number : 3257T

Swedbank AB

17 July 2020

Press Release

17 July, 2020

Swedbank's interim report for the second quarter 2020

Swedbank's President and CEO Jens Henriksson comments: 

"Swedbank posted a strong result in very uncertain times."

Interim report for the second quarter 2020

Second quarter 2020 compared with first quarter 2020:

• Higher net interest income due to higher business volumes

• Lower income from cards and asset management negatively affected net commission income

• Positive net gains and losses on financial items due to positive valuation effects and high customer activity

• Lower investigation related expenses due to Covid-19

• Lower provisions for expected credit impairments related to the effects of Covid-19 

• Solid capital and liquidity buffers

http://www.rns-pdf.londonstockexchange.com/rns/3257T_1-2020-7-17.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 23 April, 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.

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