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2020-07-17

Swedbank's 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

[image] For more information, contact: 
Gregori Karamouzis, Head of Investor Relations, tel + 46 72 740 6338
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 17 July, 2020 at 07:00 CET.

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