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Jens Henriksson

CEO of Swedbank: "It will gradually brighten up for households"

It's going well for the major bank Swedbank – which, however, notes that many still struggle with the economy. In pace with the Swedish Central Bank lowering the interest rate, it will gradually brighten up for households, says CEO Jens Henriksson.

CEO of Swedbank: "It will gradually brighten up for households"

Swedbank's profit falls less than feared

Major bank Swedbank is doing better than expected and is bringing home hundreds of millions on feared credit losses that have not materialized. However, costs are increasing and the downward pressure on interest rates is causing the bank's profit and net interest income to be pressed down.

Swedbank's profit falls less than feared