2019 Result Was Stable Amid a Turbulent Year, Says Swedbank CEO

The transcript discusses Swedbank's financial results for 2019, highlighting a profit of 20 billion kroner despite increased costs due to investigations and banking operations. It provides an update on the US investigation into money laundering allegations, noting that the process could take years. The bank has not made provisions for potential fines but maintains a stable financial position. The impact of interest rate changes on business demand is also discussed, with a focus on the benefits of rising rates. Additionally, the transcript covers significant executive changes within the bank, emphasizing a transformation aimed at strengthening confidence and addressing competition from Fintech companies.

How does the bank view the impact of interest rate changes on its business?

What changes have occurred in the executive team at Swedbank?

What challenges does Swedbank face in the current banking environment?