Swedbank: Interim Report for the First Quarter 2016

STOCKHOLM--()--Regulatory News:

Swedbank´s President and CEO, Birgitte Bonnesen comments: “Our strategy remains firm. We will continue to be an available full-service bank with low risk for private and corporate customers in our four home markets.”

First quarter compared with fourth quarter 2015

· Lower market interest rates weighed on net interest income

· Increased lending volumes

· Weak stock market produced lower commission income

· Improved Treasury result

· Good cost control

· Low credit impairments

· Strong capitalisation

http://news.cision.com/swedbank/i/figures-q1,c1885224

Swedbank AB (publ) shall make this information public in accordance to Securities Market Act (2007:528), Act on Trading in Financial Instruments (1991:980) and/or Nasdaq Stockholm’s issuer rules. The information was submitted for publication on 26 April 2016, at 07.00 CET

Swedbank promotes a sound and sustainable financial situation for the many people, households and companies. Our vision is to contribute to development “Beyond Financial Growth”. As a leading bank in the home markets of Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has over 7 million retail customers and around 600 000 corporate customers and organisations with 275 branches in Sweden and 144branches in the Baltic countries. The group is also present in other Nordic countries, the US and China.

As of 31 December 2015 the group had total assets of SEK 2 149 billion. Read more at www.swedbank.com

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Contacts

Swedbank
Cecilia Hernqvist, +46 70 681 07 39
Head of Group Communication
or
Claes Warrén, +46 70 375 00 54
Acting Head of Group Press

Contacts

Swedbank
Cecilia Hernqvist, +46 70 681 07 39
Head of Group Communication
or
Claes Warrén, +46 70 375 00 54
Acting Head of Group Press