Swedbank CEO on 2Q Earnings Results Profit Drop

The transcript discusses Swedbank's financial performance, highlighting the increase in net interest income and the impact of rising interest rates. It covers lending growth, economic outlook, and the bank's conservative credit standards. The discussion also touches on financial gains, market impact, and the bank's capital strategy amidst regulatory challenges. Cost management and compliance spending are addressed, along with an update on the anti-money laundering probe. Finally, the outlook for the real estate market and Swedbank's position as a market leader are explored.

What has been a significant driver of the bank's earnings in the current environment?

• Increased lending fees

• Higher net interest income

• Reduced operational costs

• Expansion into new markets

How does the bank plan to handle its liquidity portfolio in response to rising interest rates?

• Shift focus to equity investments

• Sell off bonds immediately

• Hold onto bonds until maturity

• Increase bond purchases

What is the bank's target return on equity?

• 15%

• 12%

• 10%

• 20%

What has been the trend in the bank's spending on compliance and risk control?

• Fluctuated unpredictably

• Remained constant

• Increased dramatically

• Decreased significantly

What is the current status of the anti-money laundering probe in the US?

• In its early stages

• Resolved with a settlement

• Concluded with no fines

• Entering a more intense phase

What is the bank's market share in the Swedish mortgage sector?

• 25%

• 20%

• 15%

• 10%

What is the bank's expectation for house prices over the next two years?

• Fluctuate significantly

• Increase by 10%

• Remain stable

• Decrease by 10%