Swedbank released this morning its numbers for Q1 19. Profit before loan losses is 6% above expectations, driven by volatile trading income. Management increased its cost guidance for 2019 (by SEK1bn). The CET1 ratio is disappointing as it is 40bp lower qoq.
25 Apr 2019
Cost inflation, the first impact from money-laundering issues
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Cost inflation, the first impact from money-laundering issues
Swedbank AB Class A (FRYA:FRA) | 0 0 0.3% | Mkt Cap: 233,306m
- Published:
25 Apr 2019 -
Author:
Farhad Moshiri -
Pages:
3
Swedbank released this morning its numbers for Q1 19. Profit before loan losses is 6% above expectations, driven by volatile trading income. Management increased its cost guidance for 2019 (by SEK1bn). The CET1 ratio is disappointing as it is 40bp lower qoq.