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Swedbank AB

SWEDa.ST

Latest Trade

147.52SEK

Change

-0.70(-0.47%)

Volume

2,228,306

Today's Range

147.08

 - 

149.38

52 Week Range

99.14

 - 

162.70

As of on the Stockholm Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Swedbank Q2 Net Profit SEK 4,845 Mln, Beats Estimates

July 17 (Reuters) - Swedbank AB <SWEDa.ST>::SWEDBANK'S INTERIM REPORT FOR THE SECOND QUARTER 2020.SWEDBANK Q2 NET INTEREST INCOME SEK 6,886 MILLION.SWEDBANK Q2 NET COMMISSION INCOME SEK 2,925 MILLION VERSUS SEK 3,202 MILLION YEAR AGO.Q2 CREDIT IMPAIRMENT SEK 1,235 MILLION VERSUS SEK 109 MILLION YEAR AGO.SEES NO REASON TO ADJUST COST GUIDANCE OF SEK 21.5BN FOR 2020 THAT WE STATED IN APRIL.SWEDBANK Q2 NET PROFIT SEK 4,845 MILLION VERSUS SEK 5,336 MILLION YEAR AGO.REFINITIV POLL: SWEDBANK Q2 NET PROFIT SEEN AT SEK 3.77 BILLION, LOAN LOSSES SEEN AT SEK 1.37 BILLION.Q2 COSTS WERE LOWER THAN IN PREVIOUS QUARTER, MAINLY DUE TO LOWER INVESTIGATIVE COSTS THAN EXPECTED.

Swedbank Robur Participates In New Bond By Swedish Export Credit

June 18 (Reuters) - Swedbank AB <SWEDa.ST>::INVESTMENT OF SEK 1 BILLION WILL PROVIDE FINANCING FOR INDUSTRY INVESTMENTS SUPPORTING A GLOBAL ENVIRONMENTAL TRANSITION.SWEDBANK ROBUR PARTICIPATES IN NEW BOND BY SWEDISH EXPORT CREDIT IN SUPPORT OF TRANSITION TO LOW-CARBON ECONOMY.INVESTMENT OF SEK 1 BILLION WILL PROVIDE FINANCING FOR INDUSTRY INVESTMENTS SUPPORTING A GLOBAL ENVIRONMENTAL TRANSITION.

Swedbank, On Behalf Of Backahill, Sells 30.7 Mln Common Shares In SBB

April 30 (Reuters) - Swedbank AB <SWEDa.ST>::SWEDBANK, ON BEHALF OF BACKAHILL, SOLD 30.7 MILLION OF COMMON SHARES OF SERIES B IN SAMHÄLLSBYGGNADSBOLAGET I NORDEN AB.BACKAHILL AB, PROPERTY AND INVESTMENT COMPANY OWNED BY ERIK PAULSSON FAMILY, HAS SOLD 30,718,666 COMMON SHARES OF SERIES B IN SBB.FOLLOWING SETTLEMENT, BACKAHILL WILL NOT OWN ANY SHARES IN SBB..

Swedbank Postpones Decision On Dividend Until Pandemic Consequences Clearer

April 22 (Reuters) - Swedbank AB <SWEDa.ST>::SAYS BOARD OF DIRECTORS OF SWEDBANK AB HAS TODAY DECIDED THAT ANNUAL GENERAL MEETING SHALL BE HELD ON 28 MAY 2020.SAYS BANK'S FINANCIAL POSITION IS STRONG BUT PROPOSES THAT A DECISION REGARDING DIVIDEND SHALL NOT BE MADE AT AGM, BUT INSTEAD WHEN CONSEQUENCES OF COVID-19 PANDEMIC ARE CLEARER.SAYS DIVIDEND POLICY IS UNCHANGED.

Swedbank Updates On COVID-19 Impact

April 8 (Reuters) - Swedbank AB <SWEDa.ST>::AML-RELATED MEASURES AND COVID-19 EFFECTS LEAD TO INCREASED EXPENSES AND CREDIT IMPAIRMENTS.SAYS ESTIMATES THAT TOTAL EXPENSES FOR FULL YEAR OF 2020 WILL AMOUNT TO AROUND SEK 21.5BN, EXCLUDING ADMINISTRATIVE PENALTY OF SEK 4BN IMPOSED BY SWEDISH FSA.SAYS INCREASE OF SEK 1.5BN COMPARED TO PREVIOUS ESTIMATE IS MAINLY RESULT OF HIGHER SPENDING ON AML-RELATED INVESTIGATIONS, FURTHER STRENGTHENING OF WORK AGAINST MONEY LAUNDERING, AND INCREASED EFFORTS TO MITIGATE IMPACT OF COVID-19 CRISIS ON SOCIETY AND ON OUR CUSTOMERS.SAYS WILL ALSO REPORT CREDIT IMPAIRMENTS AMOUNTING TO AROUND SEK 2.2BN DURING Q1 OF 2020, MAINLY RELATED TO COVID-19 CRISIS.SAYS SWEDISH FINANCIAL SUPERVISION AUTHORITY IMPOSED ADMINISTRATIVE PENALTY OF SEK 4BN, CREDIT IMPAIRMENTS EQUIVALENT TO AROUND SEK 2.2BN TOGETHER WITH RISING EXPENSES ARE EXPECTED TO LEAD TO A NEGATIVE RESULT DURING Q1 OF 2020.

Mattias Persson Appointed Chief Economist And Global Head Of Macro Research At Swedbank

April 2 (Reuters) - Swedbank AB <SWEDa.ST>::MATTIAS PERSSON APPOINTED CHIEF ECONOMIST AND GLOBAL HEAD OF MACRO RESEARCH AT SWEDBANK.PERSSON COMES FROM A ROLE AS CHIEF ECONOMIST AND HEAD OF ECONOMIC ANALYSIS AT SWEDISH NATIONAL DEBT OFFICE.PERSSON WILL BEGIN HIS NEW ROLE AT SWEDBANK NO LATER THAN IN SEPTEMBER 2020 AND WILL REPORT TO OLA LAURIN.

Swedbank Cancels Agreement Of Severance Pay To Former CEO

March 23 (Reuters) - Swedbank AB <SWEDa.ST>::DECISION ON CANCELLATION OF SEVERANCE PAY TO FORMER CEO.SEVERANCE PAY WAS PLANNED TO START AS OF 29TH OF MARCH 2020..TO UNILATERALLY CANCEL AGREEMENT OF SEVERANCE PAY TO BANK'S PREVIOUS CEO BIRGITTE BONNESEN..DECIDED NOT TO MAKE CLAIMS AGAINST BIRGITTE BONNESEN.WILL ACCEPT DECISION FROM SWEDISH FINANCIAL SUPERVISORY AUTHORITY (SFSA) OF AN ADMINISTRATIVE FINE OF FOUR BILLION SEK.BANK WILL NOT DISPUTE DECISION BY SFSA.

Swedbank Comments On Clifford Chance Report

March 23 (Reuters) - Swedbank AB <SWEDa.ST>::SWEDBANK COMMENTS ON CLIFFORD CHANCE REPORT."IT IS OBVIOUS THAT THERE HAVE BEEN CULTURES IN BANK THAT ARE NOT ACCEPTABLE".."I HAVE INITIATED A REVIEW WHICH AIMS TO EXAMINE CULTURE AND IDENTIFY ACTIONS NEEDED" CEO.IMPLEMENTING AN ACTION PROGRAM WHICH AT YEAR-END CONSISTED OF 152 INITIATIVES..SWEDBANK - FOLLOWING PRESS CONFERENCE, CHAIRMAN OF BOARD GÖRAN PERSSON, AND PRESIDENT AND CEO JENS HENRIKSSON, WILL ANSWER QUESTIONS FROM MEDIA.

Rolf Marquardt Appointed New Chief Risk Officer At Swedbank

March 14 (Reuters) - Swedbank AB <SWEDa.ST>::ROLF MARQUARDT NEW CHIEF RISK OFFICER (CRO) AT SWEDBANK.ROLF MARQUARDT APPOINTED AS NEW CHIEF RISK OFFICER.IN HIS NEW ROLE, ROLF WILL REPORT DIRECTLY TO CEO AND BOARD AND BE PART OF BANK'S GROUP EXECUTIVE COMMITTEE.ROLF WILL TAKE UP HIS POSITION AT SWEDBANK AT LATEST AT 1 OCTOBER 2020.

Swedbank Moves Annual General Meeting To Decrease Risk Of Infection Of Coronavirus

March 12 (Reuters) - Swedbank AB <SWEDa.ST>::MOVES ANNUAL GENERAL MEETING TO FOLKETS HUS.ANNUAL GENERAL MEETING WILL BEGIN, AS PREVIOUSLY ANNOUNCED, AT 11.00 AM (CET) ON MARCH 26, 2020.MOVES AGM TO FOLKETS HUS TO DECREASE RISK OF INFECTION OF CORONAVIRUS.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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