REG - Swedbank AB - Half-year Report

Swedbank ABAnnouncement

19/07/2022 08:15

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RNS Number : 9425S  Swedbank AB  19 July 2022

 

Press Release

 

July 19, 2022

 

Swedbank's Interim report for the second quarter 2022

 

Swedbank´s President and CEO Jens Henriksson comments:

"Improved profit with rising net interest income"

 

Second quarter 2022 compared with first quarter 2022

 

·    Balanced growth in private and corporate lending

·    Second-highest net interest income to
date

positively impacted by interest rate hikes

·    Stable net commission income due to higher income from cards

·    Good credit quality and low credit impairments

·    Rating upgrade from Fitch to AA- on 1 July

 

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.

 

Swedbank AB Q2 2022 as
PDF: http://www.rns-pdf.londonstockexchange.com/rns/9425S_1-2022-7-19.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/9425S_1-2022-7-19.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 July 19, 2022, at
07:00 CET.

Swedbank empowers the many people and businesses to create a better future.
Our vision is a financially sound and sustainable society. Swedbank is the
leading bank with over 7 million retail customers and 600 000 corporate
customers in our four home markets Sweden, Estonia, Latvia and Lithuania.
Swedbank is also present in other Nordic countries, the U.S. and China.
Together we make your financial life easier. Find out more: www.swedbank.com
(http://www.swedbank.com/)

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