RNS Number : 5895C
Swedbank AB
20 October 2020
"Swedbank delivered another strong quarter in uncertain times"
Jens Henriksson,
President and CEO
Interim report for the third quarter 2020
Third quarter 2020 compared with second quarter 2020
·
Lower
net interest income
due to lower market rates
·
Stronger income from cards and asset management positively affected
net commission income
·
Stabilised net
gains and losses on financial items
af
ter a volatile first half of the year
·
Low investigation-related expenses due to Covid-19
·
Lower provisions for potential credit impairments related to the effects of Covid-19
·
Solid
capital and liquidity buffers
http://www.rns-pdf.londonstockexchange.com/rns/5895C_1-2020-10-20.pdf
1) Other income includes the items Net insurance, Share of profit or loss of associates and joint ventures and Other income from the Group income statement.
Contact:
Annie Ho Unni Jerndal
Head of Investor Relations Head of Group Press Office
annie.ho@swedbank.com unni.jerndal@swedbank.com
+46 70 343 7815 +46 73 092 1180
Swedbank AB (publ) is required to disclose this information pursuant to the Swedish Securities Markets Act (2007:528), the Swedish Financial Instruments Trading Act (1991:980) and/or the regulatory framework of Nasdaq Stockholm). This information was sent to be published on 20 October at 07:00 CET.
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