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Swedbank AB (SWEDa.ST)

SWEDa.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Swedbank CEO sees no sharp fall in Swedish residental market
Tuesday, 24 Oct 2017 01:30am EDT 

Oct 24 (Reuters) - Swedbank AB CEO Birgitte Bonnesen in conference call::Says doesn't see risk for sharp fall in Swedish residential market.Says Swedish residential market will slow somewhat, but there is nothing to indicate there will be a sharp fall.Says I'm very confident in quality of our credit portfolio.  Full Article

Swedbank acquisition of PayEx gets regulatory approval
Wednesday, 16 Aug 2017 02:00am EDT 

Aug 16 (Reuters) - Swedbank AB :Swedbank says acquisition of PayEx is approved by competition authorities and the Swedish FSA.Says has completed the acquisition of PayEx, and PayEx is now a fully owned subsidiary.  Full Article

Swedbank inks partnership with Kepler Cheuvreux, takes equity stake
Monday, 19 Jun 2017 01:30am EDT 

June 19 (Reuters) - Swedbank AB :Swedbank enters into strategic partnership in the equities area with Kepler Cheuvreux.Says partnership has been designed to combine Swedbank's banking, advisory skills and equity capital markets relationships with Kepler Cheuvreux's research expertise and distribution reach.Says commitment to partnership is reflected in Swedbank's investment in a 6 pct equity stake in Kepler Cheuvreux.  Full Article

Swedbank acquires payment provider Payex
Wednesday, 10 May 2017 02:00am EDT 

May 10 (Reuters) - Swedbank :Swedbank acquires Payex.Says for 2016, Payex total operating income amounted to SEK 541m, total operating costs to SEK 460m and profit before tax to SEK 78m.Says at end of 2016, Payex total risk exposure amount was SEK 1.7bn.Says acquisition is financed with Swedbank's internal resources and is subject to customary approvals from regulatory authorities, including Swedish Financial Supervisory Authority and Swedish Competition Authority.The acquisition will have a minor negative impact on the common equity tier 1 ratio of the Swedbank group.  Full Article

Swedbank says not to claim for damages against former CEO, former chairman
Wednesday, 22 Feb 2017 02:00am EST 

Swedbank AB : says board of directors has at a board meeting on 22 february 2017 decided not to make any claim for damages against bank's former ceo and former chair . Says having evaluated the information available so far, Swedbank's Board of Directors has found no ground for the bank to bring a legal action for damages against the bank's former CEO or former Chair in relation to the financial year 2015 . The decision is in line with the recommendation made by the bank's external auditor at the annual general meeting a year ago .At Swedbank's annual general meeting on 5 April 2016, it was resolved, against the auditor's recommendation, not to grant the bank's former CEO Michael Wolf and former Chair Anders Sundström discharge from liability for the financial year 2015.  Full Article

Swedbank CEO: "not probable" with any fin. impact from Panama probe
Thursday, 2 Feb 2017 01:15am EST 

Swedbank Ab : Swedbank CEO Bonnesen says "not probable" that there will be any financial impact from Swedish FSA's Panama papers investigation Further company coverage: [SWEDa.ST] (Reporting By Johan Ahlander) ((johan.ahlander@thomsonreuters.com;)).  Full Article

UPDATE 1-Swedbank profit tops forecast as loan loss reversals give boost

* Swedish housing market has stabilised -CEO (Adds CEO comment, detail, background)