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.
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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.
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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.
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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.
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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.
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