Edition:
India

Swedbank AB (SWEDa.ST)

SWEDa.ST on Stockholm Stock Exchange

199.00SEK
1:46pm IST
Change (% chg)

-11.80kr (-5.60%)
Prev Close
210.80kr
Open
198.25kr
Day's High
199.35kr
Day's Low
195.35kr
Volume
2,347,320
Avg. Vol
2,796,970
52-wk High
221.70kr
52-wk Low
177.15kr

Latest Key Developments (Source: Significant Developments)

Swedbank invests in fintech company Asteria
Friday, 15 Feb 2019 

Feb 15 (Reuters) - Swedbank AB ::SWEDBANK SAYS INVESTS IN ASTERIA; CONTINUING BUILDING OF NEXT GENERATIONS DIGITAL BANKING SERVICES FOR SMALL COMPANIES.  Full Article

Swedbank CEO stands by assurances over money laundering
Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - Swedbank AB CEO Birgitte Bonnesen in news agency conference call::SWEDBANK CEO SAYS CONTINUES TO SEE NO LINKS TO DANSKE BANK MONEY LAUNDERING SCANDAL.SWEDBANK CEO SAYS WE CONTINUE TO FIGHT MONEY LAUNDERING ATTEMPTS ON A DAILY BASIS.SWEDBANK CEO SAYS WE MAY CONTINUE TO SEE PRESSURE ON NEW BUILD RESIDENTIAL PROJECTS IN SWEDEN.  Full Article

Swedbank CEO Says Has Seen No Money Laundering Issues
Tuesday, 23 Oct 2018 

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 

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 

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 

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 

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

UPDATE 1-Swedbank Q4 profit hit as bearish markets sting trading

STOCKHOLM, Jan 29 Swedish bank Swedbank reported fourth-quarter profit below expectations on Tuesday as weaker stock markets and higher costs dented earnings.