STOCKHOLM, April 28 Swedish banking group
Swedbank on Monday posted a first-quarter net profit
that was in line with forecasts but said events in Ukraine could
delay an anticipated increase in credit demand.
Net profit for continuing operations rose to 3.98 billion
Swedish crowns ($607 million), just beating a mean forecast for
3.96 billion seen in a Reuters poll of analysts and compared
with 3.66 billion in the year-ago period.
The Swedish bank said it had seen good customer activity and
a favourable stock market climate that impacted business
positively in the quarter.
"At the same time, the quarter has been marked by events in
Ukraine, creating uncertainty in the global economy. To date we
have not seen any financial effects of the crisis in our
business," CEO Michael Wolf said in a statement.
($1 = 6.5898 Swedish Crowns)