After having declared that it is good for the bank financially, he went directly over to the to talk about money laundering.
Anders Karlsson pointed out that estimates indicate that money laundering in the world has a turnover of 3-5 times Sweden’s entire GDP.
previous studies ”indicated” that there have been shortcomings in the bank’s work against money laundering.
– Unfortunately, it is not possible to exclude the possibility that the people who have come across money in the criminal way managed to exploit our banks for money laundering, he said and noted that the banks that have been established in the Baltic countries after the collapse of the Soviet union
“I want to be as transparent as possible,” he says.
Karlsson added that the board has asked the attorney Biörn Riese help the board to restore confidence in the bank.
Photo: Anders Wiklund/TT
that Riese should help the board ”understand the legal environment” in the various markets the bank operates in. The Rise should also help to improve the bank’s communication on the basis of the legal constraints that the bank has.
– You asked for a number of documents, said Karlsson on the issue of yesterday’s foray.
He also added that the serious fraud office had förannonserat that they would come.
When it comes to the bank’s operating profit landed at 6.626 million which can be compared with the gain of 6.389 million in the corresponding period of last year.
Analysts had, according to the Reuters, on average, had expected an operating profit of 6.091 million.
– 2019 has in financial terms started well for Swedbank, stated the acting president Anders Karlsson-on-the bank’s press conference.
and ceo Anders Karlsson admits, however, that it is a quarter with great turbulence as a result of the suspicion of extensive money laundering.
”the Bank’s reputation has taken damage, and as acting ceo, it is my main task to implement measures that we can begin to regain the confidence of customers, shareholders and other stakeholders,” he writes initially in the report.
as a result of this creates a new entity, the Anti-Financial Crime unit (AFC). The intention is, according to Swedbank to ”prevent money laundering, terrorist financing and fraud, and also with cybersecurity, information security and physical security”.
Swedbank states that, inter alia, the fight against money laundering will lead to increased costs of approximately one billion sek during the year. The bank is holding firm to the previous financial target of return on equity of at least 15 per cent.
increased net interest income of the fund, that is to say, what the bank earned on the difference in lending and deposit rates. This step to 6.421 million, from 6.294 million.
net fee and commission income fell at the same time barely measurable to sek 3,070 million from 3.081 million.
in Total, revenues amounted to 11.362 million, compared with 10.685 million in the corresponding period the year before.
Cost rose to 4.518 million, from 4.169 million. Loan losses increased to sek 218 million, from sek 127 million.
the New search at Swedbank’s office
Dan Lucas: All are waiting to hear if the suspicion will be directed against anyone within the Swedbank