reports
- Elisabeth Rudman
- Maria Jesus Parra
- Maria Jesus Parra
- William Schwartz
- Elisabeth Rudman
- Mario De Cicco
- Mario De Cicco
- Ross Abercromby
- Elisabeth Rudman
- Mario De Cicco
- Vitaline Yeterian
- Elisabeth Rudman
- Mario De Cicco
- Elisabeth Rudman
- Mario De Cicco
- Vitaline Yeterian
Swedbank FY20 Affected by LLPs and Conduct Costs
Swedbank AB (Swedbank or the Bank) reported a net profit of SEK 12,929 million in 2020, down 34% compared to 2019. The result was significantly affected by the SEK 4 billion fine imposed by the Swedish authority in March 2020 over serious anti-money laundering (AML) misconduct and higher loan loss provisions (LLPs). Excluding the one-off fine, net profit was SEK 16,929 million, down 14% vs. 2019. On a quarterly basis, net profit was SEK 4,510 million in 4Q 2020, down 14% Quarter-on-Quarter (QoQ)...
- Arnaud Journois
- Elisabeth Rudman
- Vitaline Yeterian
Swedbank Q3 Up on Lower LLPs and Operating Costs
Swedbank AB (Swedbank or the Bank) reported a net attributable profit of SEK 5,261 million in Q3 2020, up 9% compared to Q2 2020 and 13% Year-on-Year (YoY). The quarterly increase was mainly driven by lower credit impairments and operating costs in Q3 2020, which have more than offset lower operating income. As a result, Swedbank reported a Return-on-Equity (ROE) of 14.3% in Q3 2020 compared to 13.5% in Q2 2020.
- Andrea Costanzo
- Arnaud Journois
- Elisabeth Rudman
- Vitaline Yeterian
Swedbank Q2 Supported by Improved Financial Markets, Lower Expense and...
Swedbank AB (Swedbank or the Bank) reported net attributable income of SEK 4.8 billion in Q2 2020, up compared to net loss of SEK -1.7 billion in Q1 2020 but down 9% Year-on-Year (YoY). The improvement Quarter-on-Quarter (QoQ) was largely driven by higher net gains on financial items and lower credit impairments. In addition, Q1 2020 included the impact of the Anti-Money Laundering (AML)-related fine of SEK 4 billion imposed by the Swedish authority. As a result, the Bank's ROE stood at 13.5% in...
- Arnaud Journois
- Elisabeth Rudman
- Vitaline Yeterian
Swedbank Q1 Drop on Lower Income, Higher Costs, Provisions Driven by C...
Swedbank AB (Swedbank or the Bank) reported a net loss of SEK -1.7 billion in Q1 2020, down from a net profit of SEK 4.4 billion in Q4 2019 and SEK 5.3 billion in Q1 2019. The drop largely reflects the impact of the AML (Anti-Money Laundering) -related fine of SEK 4 billion imposed by the Swedish authority, as well as the Coronavirus (COVID-19) outbreak impact on revenues and loan provisions, and lastly the decline in the oil price. Excluding the one-off fine, Swedbank’s underlying net profi...
- Arnaud Journois
- Elisabeth Rudman
- Vitaline Yeterian
- Elisabeth Rudman
- Vitaline Yeterian
- Elisabeth Rudman
- Vitaline Yeterian
European Banking: Key Themes in 2020
With prolonged ultra-low interest rates affecting European banks’ revenues, in 2020 it will be key for banks to reduce operating costs further, while maintaining necessary investments in IT, regulatory and compliance requirements. Other key themes that DBRS Morningstar considers important in 2020 include the importance of banks having adequate controls in place to manage operational risks, regulators and investors making increasing demands on banks to recognise the impact of climate change, an...
BNP BNP PARIBAS SA CLASS A
DBK DEUTSCHE BANK AG
HSBA HSBC HOLDINGS PLC
LYG.. LLOYDS BANKING GROUP PLC ADS
LLOY LLOYDS BANKING GROUP PLC
BARC DEUTSCHE TELEKOM AG
DTE NATWEST GROUP PLC
NWG BANCO SANTANDER S.A.
SAN BANCO BILBAO VIZCAYA ARGENTARIA S.A.
BBVA SWEDBANK AB ADS
SWDBY COÖPERATIEVE RABOBANK U.A.
RABO SOCIÉTÉ GÉNÉRALE
2908Z S.A.
BBV/D BANCO BILBAO VIZCAYA ARGENTARIA
BBVXF S.A.
1111Z ING BANK N.V.
44250Z DZ BANK AG DEUTSCHE ZENTRAL-GENOSSENSCHAFTSBANK
CRARY CREDIT AGRICOLE S.A. ADS
CRARF CRÉDIT AGRICOLE S.A.
167214Z SKANDINAVISKA ENSKILDA BANKEN AB
SWEDA SWEDBANK AB (PUBL)
SHBA SVENSKA HANDELSBANKEN AB (PUBL)
1211M BARCLAYS PLC
BCSYF ABN AMRO BANK N.V.
3531454Z ROYAL BANK OF SCOTLAND GROUP PLC
RBOS THE
BNPQF BNP PARIBAS SA
- Elisabeth Rudman
- Vitaline Yeterian
BNP BNP PARIBAS SA CLASS A
DBK DEUTSCHE BANK AG
HSBA HSBC HOLDINGS PLC
LYG.. LLOYDS BANKING GROUP PLC ADS
LLOY LLOYDS BANKING GROUP PLC
BARC DEUTSCHE TELEKOM AG
DTE NATWEST GROUP PLC
NWG BANCO SANTANDER S.A.
SAN BANCO BILBAO VIZCAYA ARGENTARIA S.A.
BBVA SWEDBANK AB ADS
SWDBY COÖPERATIEVE RABOBANK U.A.
RABO SOCIÉTÉ GÉNÉRALE
2908Z S.A.
BBV/D BANCO BILBAO VIZCAYA ARGENTARIA
BBVXF S.A.
1111Z ING BANK N.V.
44250Z DZ BANK AG DEUTSCHE ZENTRAL-GENOSSENSCHAFTSBANK
CRARY CREDIT AGRICOLE S.A. ADS
CRARF CRÉDIT AGRICOLE S.A.
167214Z SKANDINAVISKA ENSKILDA BANKEN AB
SWEDA SWEDBANK AB (PUBL)
SHBA SVENSKA HANDELSBANKEN AB (PUBL)
1211M BARCLAYS PLC
BCSYF ABN AMRO BANK N.V.
3531454Z ROYAL BANK OF SCOTLAND GROUP PLC
RBOS THE
BNPQF BNP PARIBAS SA
Wolf Popper LLP Announces Investigation on Behalf of Investors in Swed...
NEW YORK--(BUSINESS WIRE)-- Wolf Popper LLP is investigating potential securities fraud claims on behalf of purchasers of Swedbank AB (OTC: SWDBY, SWDBF) American Depositary Receipts from February 3, 2015 through February 19, 2019. On February 20, 2019, The Wall Street Journal reported that, according to Swedish television, Swedbank had engaged in suspicious conduct suggestive of money laundering. Subsequently, on March 22, 2019, it was reported that Swedbank’s anti-money laundering compliance head had resigned. On March 27, ...
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