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Swedbank AB

SWEDa.ST

Latest Trade

140.60SEK

Change

-6.60(-4.48%)

Volume

10,731,407

Today's Range

137.20

 - 

145.25

52 Week Range

120.75

 - 

214.80

As of on the Stockholm Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Storytel Refinances Bank Loans And Extends Credits At Swedbank

Oct 9 (Reuters) - Storytel Ab (Publ) <STORYb.ST>::STORYTEL REFINANCES BANK LOANS AND EXTENDS CREDITS AT SWEDBANK - STRENGTHENS ITS FINANCIAL POSITION.REFINANCING MEANS THAT STORYTEL EXTENDS ITS EXISTING LONG-TERM LOANS TO A TOTAL OF SEK 500 MILLION.REVOLVING CREDIT FACILITY CAN BE USED, AS COMPANY WISHES, DURING THREE-YEAR CONTRACT PERIOD.REFINANCING STRENGTHENS STORYTEL'S FINANCIAL POSITION.REFINANCING REMOVES ANNUAL REPAYMENT OF CURRENTLY APPROXIMATELY SEK 30 MILLION.

Swedbank Says Swedbank Estonia To Appoint Olavi Lepp As Permanent CEO

Sept 30 (Reuters) - Swedbank AB <SWEDa.ST>::CHANGES IN THE MANAGEMENT BOARD OF SWEDBANK ESTONIA.COUNCIL OF SWEDBANK ESTONIA HAS DECIDED TO APPOINT OLAVI LEPP AS PERMANENT CEO.APPOINTS ANNA KÕUTS AS PERMANENT CFO OF SWEDBANK ESTONIA.FOLLOWING A COUNCIL DECISION, THREE MEMBERS OF MANAGEMENT BOARD WILL LEAVE THEIR POSITIONS AND BANK.PEOPLE LEAVING MANAGEMENT BOARD OF SWEDBANK ESTONIA ARE ROBERT KITT, FORMER CEO, VAIKO TAMMEVÄLI, FORMER CFO, AND KAIE METSLA.REMOVING THREE LEADERS FROM THEIR POSITIONS IS A CONSEQUENCE OF BANK'S ONGOING INTERNAL INVESTIGATION.DECISION TO REMOVE THREE PEOPLE FROM BOARD BASED ON INFORMATION CONCERNING HISTORICAL SHORTCOMINGS CONNECTED TO ANTI-MONEY LAUNDERING WORK.TARMO ULLA WILL STEP IN AS A NEW HEAD OF PRIVATE CUSTOMER DIVISION.AT THIS POINT OF TIME, NO CRIMINAL ACTIVITIES HAVE BEEN IDENTIFIED OR REPORTED.

Swedbank: Jens Henriksson To Enter Position As President And CEO October 1, 2019

Sept 20 (Reuters) - Swedbank AB <SWEDa.ST>::AS PREVIOUSLY COMMUNICATED, JENS HENRIKSSON WILL ENTER POSITION AS PRESIDENT AND CEO OF SWEDBANK.HIS FIRST DAY OF DUTY HAS NOW BEEN SET FOR OCTOBER 1, 2019..JENS HENRIKSSON WILL SUCCEED ANDERS KARLSSON WHO RETURNS TO HIS FORMER POSITION AS CFO, AFTER A PERIOD AS ACTING PRESIDENT AND CEO SINCE MARCH 28, 2019.

Swedbank Head Of Group Communication To Leave Co

Sept 5 (Reuters) - Swedbank AB <SWEDa.ST>::HEAD OF GROUP COMMUNICATION TO LEAVE SWEDBANK.CO'S HEAD OF GROUP COMMUNICATION GABRIEL FRANCKE RODAU WILL LEAVE BANK BY END OF OCTOBER 2019.RECRUITMENT PROCESS TO FIND A SUCCESSOR TO GABRIEL FRANCKE RODAU HAS BEEN INITIATED.

Jens Henriksson Appointed As New President And CEO Of Swedbank

Aug 28 (Reuters) - Swedbank AB <SWEDa.ST>::JENS HENRIKSSON APPOINTED AS NEW PRESIDENT AND CEO OF SWEDBANK.SAYS JENS HENRIKSSON WILL TAKE ON HIS POSITION AS SOON AS POSSIBLE AND REPLACES ANDERS KARLSSON.SAYS UNTIL DATE OF ACCESSION, ANDERS KARLSSON WILL CONTINUE IN HIS CURRENT ROLE AS ACTING PRESIDENT AND CEO OF SWEDBANK.JENS HENRIKSSON WILL JOIN SWEDBANK FROM HIS PREVIOUS ASSIGNMENT AS PRESIDENT OF FOLKSAM, AND CEO OF FOLKSAM LIV AND FOLKSAM SAK.UNTIL DATE OF ACCESSION, ANDERS KARLSSON WILL CONTINUE IN HIS CURRENT ROLE AS ACTING PRESIDENT AND CEO OF SWEDBANK.SAYS AFTER DATE OF ACCESSION ANDERS KARLSSON WILL RETURN TO HIS REGULAR ROLE AS CFO.

Swedbank Issues Additional Tier 1 Capital

Aug 22 (Reuters) - Swedbank AB <SWEDa.ST>::SWEDBANK ISSUES ADDITIONAL TIER 1 CAPITAL.SWEDBANK SAYS USD 500 MILLION ISSUANCE HAS A COUPON OF 5.625 PER CENT AND AN ISSUE PRICE OF 100 PERCENT..SWEDBANK SAYS LOAN IS PERPETUAL WITH A CALL OPTION AFTER 5 YEARS.SWEDBANK- ISSUANCE IN FORM OF DEBT INSTRUMENTS WITH MANDATORY CONVERSION INTO ORDINARY SHARES IF REGULATORY CAPITAL OF BANK DECREASES TO CERTAIN LEVEL.

Swedbank Acting CEO Says New Dividend Policy Reflects Need To Keep Strong Capital Position

July 17 (Reuters) - Swedbank AB <SWEDa.ST> Acting CEO Anders Karlsson in Q2 media conference call::SWEDBANK ACTING CEO SAYS SWEDBANK IS AND SHOULD REMAIN A "LOW-RISK BANK".SWEDBANK ACTING CEO SAYS SHORT-COMINGS IN ANTI-MONEY LAUNDERING WORK INCLUDE KNOWLEDGE OF CUSTOMERS, SCREENING.SWEDBANK ACTING CEO SAYS LOWERED DIVIDEND POLICY STEMS FROM NEED TO KEEP STRONG CAPITAL POSITION IN CURRENT SITUATION.SWEDBANK ACTING CEO SAYS IN THE LONGER TERM NOT SATISFIED WITH CURRENT MARKET SHARE ON SWEDISH MORTGAGES.

Swedbank Q2 Net Income Up At SEK 5.34 Bln

July 17 (Reuters) - Swedbank AB <SWEDa.ST>::'S INTERIM REPORT FOR THE SECOND QUARTER 2019.ONGOING INVESTIGATIONS OF THE BANK’S WORK TO PREVENT MONEY LAUNDERING ARE CONTINUING AS PLANNED, AND WE ARE PROVIDING THE AUTHORITIES WITH THE MATERIAL THEY NEED.MONEY LAUNDERING INVESTIGATIONS COVERS CUSTOMERS, TRANSACTIONS AND ACTIVITY FROM 2007 THROUGH MARCH 2019. SHORTCOMINGS HAVE BEEN FOUND..Q2 NET INTEREST INCOME SEK 6.61 BILLION VERSUS MEAN FORECAST SEK 6.59 BILLION IN REFINITV POLL.Q2 NET PROFIT 5.34 BILLION SEK VERSUS MEAN FORECAST 5 BILLION IN REFINITIV POLL.Q2 FOREIGN EXCHANGE EFFECTS INCREASED PROFIT BY SEK 25M, MAINLY BECAUSE THE SWEDISH KRONA WEAKENED ON AVERAGE AGAINST THE EURO IN THE QUARTER..SEVERAL U.S. AUTHORITIES ARE AT PRESENT INVESTIGATING SWEDBANK. THESE CAN TAKE YEARS TO CONCLUDE.SAYS ITS OWN MONEY LAUNDERING INVESTIGATION, HEADED BY CLIFFORD CHANCE, EXPECTED TO BE CONCLUDED DURING EARLY 2020.Q2 NET INCOME SEK 5.34 BILLION VERSUS SEK 5.27 BILLION IN Q1 2019.

Swedbank sets new financial targets

July 17 (Reuters) - Swedbank AB <SWEDa.ST>::HAS SET NEW FINANCIAL TARGETS.SAYS BOARD OF DIRECTORS HAS DECIDED TO CHANGE DIVIDEND POLICY FROM 75 TO 50 PERCENT OF ANNUAL PROFIT IN ORDER TO FURTHER STRENGTHEN BANK'S CAPITAL POSITION..SAYS CAPITAL TARGET: SWEDBANK'S COMMON EQUITY TIER 1 CAPITAL RATIO WILL EXCEED SWEDISH FSA'S REQUIREMENT BY 100-300BPS..SAYS TARGETS OF HAVING MARKET LEADING COST EFFICIENCY AND A RETURN ON EQUITY OF AT LEAST 15 PER CENT REMAIN.

Swedbank Announces Changes Within Management Board Of Swedbank AS, Estonia

June 17 (Reuters) - Swedbank AB <SWEDa.ST>::CHANGES WITHIN THE MANAGEMENT BOARD OF SWEDBANK AS, ESTONIA.COUNCIL OF SWEDBANK ESTONIA HAS DECIDED TO MAKE CHANGES IN MANAGEMENT BOARD OF SWEDBANK ESTONIA.STEP IS CONSEQUENCE OF ONGOING INTERNAL INVESTIGATION.ELECTED OLAVI LEPP, CURRENTLY CHIEF RISK OFFICER, AS ACTING CHAIRMAN OF MANAGEMENT BOARD AND ACTING CEO OF SWEDBANK ESTONIA.ELECTED ANNA KÕUTS, CURRENTLY HEAD OF TREASURY, AS ACTING CFO AND ACTING MEMBER OF MANAGEMENT BOARD.CURRENT CHAIR OF MANAGEMENT BOARD AND CEO OF SWEDBANK ESTONIA, ROBERT KITT WILL LEAVE POSITION.CHANGES IN THE MANAGEMENT BOARD WILL TAKE IMMEDIATE EFFECT.CURRENT CFO AND MANAGEMENT BOARD MEMBER OF SWEDBANK ESTONIA, VAIKO TAMMEVÄLI WILL LEAVE POSITION.TAMMEVÄLI, KITT HAVE BEEN SUSPENDED UNTIL FURTHER NOTICE.COUNCIL MEMBER PRIIT PERENS WILL END HIS EMPLOYMENT WITH BANK AND HAS LEFT COUNCIL.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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