Swedbank’s Underlying Business Is Solid, Says CEO

The transcript discusses Swedbank's financial performance amid COVID-19, focusing on house prices, credit impairments, and the oil sector. It highlights Swedbank's strong capital and liquidity positions despite fines from Swedish authorities. The discussion also covers US investigations and investor concerns, noting a rise in net interest income but a decline in net commission income.

What was the main reason for Swedbank's negative result in the first quarter?

• High mortgage losses

• A record fine from the Swedish FSA

• Increased unemployment

• A decline in house prices

What portion of Swedbank's credit impairments is attributed to the oil sector?

• 2.2 billion

• 800 million

• 500 million

• 1.4 billion

What is Swedbank's approach to potential losses that have not yet occurred?

• Reducing loan offerings

• Making provisions according to a new rule book

• Ignoring them until they materialize

• Increasing interest rates

How has Swedbank's net income interest income changed recently?

• It has been eliminated

• It has increased

• It has remained the same

• It has decreased

What has been the trend in Swedbank's net commission income?

• It has remained stable

• It has decreased

• It has increased

• It has doubled