Swedbank A

Earnings Release • Oct 23, 2019

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RNS Number : 8250Q

Swedbank AB

23 October 2019

Press Release

23 October, 2019

Swedbank's Interim report third quarter 2019

Swedbank's President and CEO Jens Henriksson comments: "I am proud and enthusiastic about being the CEO of Swedbank. We have an extensive activity plan that I am familiarising myself with and will develop, but above all and foremost I am looking forward - every day and together with my colleagues - to making banking easier for our customers."

Third quarter 2019 compared with second quarter 2019

• Stable net interest income as higher lending volumes are offset by higher expenses for resolution fund fee

• Increased card usage and higher asset management valuations strengthened net commission income

• Net gains and losses on financial items fell due to lower market activity

• Increased expenses due to investigations and VAT provision

• Good credit quality

• Strong capitalisation

1) 2018 (Q1, Q2 and Q3) results have been restated for changed presentation of tax related to associates.

2) Other income includes the items Net insurance, Share of profit or loss of associates, and Other income from the Group income statement.

http://www.rns-pdf.londonstockexchange.com/rns/8250Q_1-2019-10-23.pdf

For more information, contact: 

Gregori Karamouzis, Head of Investor Relations, tel +46 72 740 63 38

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 23 October, 2019 at 06:30 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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