2017-04-25 07:00
Interim report for the first quarter 2017
This announcement involves the disclosure of inside information Birgitte Bonnesen, President and CEO comments: “We are developing attractive new offerings at a rapid rate and collaborating across business and product areas more intensely than ever, guided by our customers’ needs.”
First quarter 2017 compared with fourth quarter 2016
- Increased lending volumes and margins supported net interest income
- Seasonal effects reduced net commission income
- Net gains and losses on financial items affected by positive valuation effects within Group Treasury
- Capital gain from Hemnet sale strengthened profit
- Costs in line with expectations
- Additional provisions in oil related sectors
- Strong capitalisation
For further information:
Gregori Karamouzis, Head of Investor Relations, Swedbank, phone: +46 72 740 63 38
Josefine Uppling, Group Press Officer, Swedbank, phone: +46 76 114 54 21
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 25 April, 2017 at 07.00 CET.