REG - Swedbank AB - 1st Quarter Results

Swedbank ABAnnouncement

28/04/2022 08:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220428:nRSb6676Ja&default-theme=true

RNS Number : 6676J  Swedbank AB  28 April 2022

 

Press Release

 

April 28, 2022

 

Swedbank's Interim report for the first quarter 2022

 

Swedbank´s President and CEO Jens Henriksson comments: "In these turbulent
times, Swedbank stands strong".

 

First quarter 2022 compared with fourth quarter 2021

 

·    Higher corporate lending and slight increase in net interest income

·    Market turbulence negatively affected net commission income and net
gains and losses on financial items

·    Low exposure to Russia, Belarus and Ukraine

·    Continued good credit quality and low credit impairments

·    Dividend of SEK 11.25 per share including special dividend approved
by the Annual General Meeting - continued strong capitalisation

 

 

1) Presentation of the Income statement has been changed, see note 28.

2) 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.

3) The Swedish bank tax (risk tax on credit institutions) came into force on 1
January 2022.

 

 

http://www.rns-pdf.londonstockexchange.com/rns/6676J_1-2022-4-28.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/6676J_1-2022-4-28.pdf)

 

 

Contact:

Annie Ho, Head of Investor Relations, annie.ho@swedbank.com, +46 70 343
7815

Unni Jerndal, Senior Advisor, unni.jerndal@swedbank.com, +46 73 092 1180

 

 

 

This disclosure contains information that Swedbank is obliged to make public
pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish
Securities Markets Act (2007:528). The information was submitted for
publication, through the agency of the contact person, on April 28, 2022, at
07:00 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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DOCIPMATMTMTMLT