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Swedbank AB (SWEDa.ST)

SWEDa.ST on Stockholm Stock Exchange

200.60SEK
6:13am EST
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-1.80kr (-0.89%)
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177.15kr

Latest Key Developments (Source: Significant Developments)

Swedbank CEO Says Has Seen No Money Laundering Issues
Tuesday, 23 Oct 2018 01:25am EDT 

Oct 23 (Reuters) - Swedbank AB CEO in conference call::SWEDBANK CEO SAYS BALTIC OPERATIONS FOCUSED ON DOMESTIC MARKET.SWEDBANK CEO SAYS NONE OF NAMES FIGURING IN BROWDER CRIMINAL COMPLAINT ARE OR HAVE BEEN CUSTOMERS AT SWEDBANK.SWEDBANK CEO SAYS SEES NO PROBLEMS FOR ITS CUSTOMERS DUE TO EXPECTED INCREASE IN RIKSBANK INTEREST RATES.SWEDBANK CEO SAYS FOUND NO LINKS WITH ALLEGED DANSKE BANK MONEY LAUNDERING AND ITS OWN BALTIC BUSINESS.SWEDBANK CEO SAYS HAS SEEN NOTHING ELSE IN TERMS OF MONEY LAUNDERING ISSUES CONCERNING BANK'S BUSINESS.  Full Article

Swedbank outlines financial one-off items in Q2
Tuesday, 3 Jul 2018 01:00am EDT 

July 3 (Reuters) - Swedbank AB ::SWEDBANK SAYS IMPAIRMENTS TOTALING SEK 280M WILL BE RECOGNISED IN Q2 AS RESULT OF DEVELOPMENT OF NEW RISK SYSTEM.SAYS WILL REPORT A TAX FREE CAPITAL GAIN OF APPROXIMATELY SEK 670M IN THE SECOND QUARTER OF 2018, DUE TO THE SALE OF UC AB TO FINNISH CREDIT INFORMATION COMPANY ASIAKASTIETO.ESTIMATES EXPENSE FOR RESOLUTION FEE IN 2018 WILL BE SEK 1 657M VERSUS SEK 1 205M IN 2017.SAYS WILL REPORT A GAIN OF SEK 85M DURING THE SECOND QUARTER DUE TO INCREASED SHARE OF VISA SWEDEN, AFFECTING SHARE OF THE PROFIT OR LOSS OF ASSOCIATES POSITIVELY. .SAYS SWEDBANK REPORTED TAX EXPENSE IN PROFIT AND LOSS WILL DECREASE BY SEK 110M AND TAX IN OTHER COMPREHENSIVE INCOME WILL INCREASE BY SEK 100M.  Full Article

Swedbank divests shares in UC
Tuesday, 24 Apr 2018 12:20am EDT 

April 24 (Reuters) - Swedbank AB ::UC AB OWNERS CONTRIBUTING TO BUILDING NEW NORDIC CREDIT SERVICES PLAYER.SWEDBANK SAYS LISTED FINNISH CREDIT INFORMATION COMPANY ASIAKASTIETO HAS COME TO AN AGREEMENT WITH ALL OWNERS OF UC AB TO ACQUIRE UC FOR A CONSIDERATION OF APPROXIMATELY SEK 3.5BN.SWEDBANK SAYS OWNS 20 PER CENT OF SHARES IN UC WHICH TODAY IS TREATED AS AN ASSOCIATE COMPANY, AND WILL RECEIVE 1,765,669 SHARES IN ASIAKASTIETO, EQUIVALENT TO 7.4 PER CENT OF COMPANY.SWEDBANK SAYS TO RECIEVE APPROXIMATELY SEK 200M IN CASH.  Full Article

Swedbank: Common Equity Tier 1 capital ratio effect of 0.06 pct pts from IFRS 9
Wednesday, 28 Mar 2018 11:30am EDT 

March 28 (Reuters) - Swedbank Ab ::FINANCIAL EFFECTS DUE TO CHANGES IN ACCOUNTING STANDARDS.SWEDBANK SAYS ‍APPLICATION OF IFRS 9 HAS RESULTED IN A NEGATIVE EFFECT ON EQUITY OF SEK 2.1BN​.SWEDBANK SAYS ‍APPLICATION OF IFRS 9 HAS RESULTED IN A NEGATIVE EFFECT ON COMMON EQUITY TIER 1 CAPITAL RATIO OF 0.06 PERCENTAGE POINTS​.  Full Article

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 says issues additional Tier 1 capital
Friday, 9 Dec 2016 11:30am EST 

Swedbank : Swedbank issues additional Tier 1 capital . Says $500 million issuance has a coupon of 6.00 percent and an issue price of 100 percent . Says issuance is in the form of debt instruments with mandatory conversion into ordinary shares if the regulatory capital of the bank decreases to a certain level .Says loan is perpetual with a call option after 5 years.  Full Article

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Swedbank profit beats forecast, assures on money-laundering

STOCKHOLM Swedish bank Swedbank reported a higher than expected net profit for the third quarter on Tuesday and downplayed concerns its Baltic operations could be hit by similar money-laundering issues as seen among some of its peers.