The last few weeks have been turbulent for Swedbank, after the Mission’s audit revelations about money laundering. In the last week forced the bank’s ceo Birgitte Bonnesen away from his post, and now on Friday morning came the news that Lars Idermark resigns as chairman of the board.
According to Johanna Litter, sparkekonom on the Avanza, has the confidence of Lars Idermark has not been enough in the media, the public and shareholders.
– It will not come as a lightning from a clear sky, but it is obvious that Swedbankstyrelsen with Lars Idermark, in the forefront, has not succeeded in completely with their communication out to the shareholders, customers and the general public during the last month of turbulence, ” says Johanna Litter, sparekonom on the Avanza.
– There have been various rulings, it has been said that the man cooperated with authorities, and then have the authorities come up with other tasks, and so on. Then it is clear that it affects the trust and the bank is a förtroendebransch.
” No. There are no self-criticism in this press release. But it is clear that there reasonably should be things during these one and a half months that Lars Idermark will consider whether he could have done in any other way.
– in particular, in how to from the very beginning, has spoken out on this issue. After the first program flashed the board pretty much with his absence and was not at all very active. Then in how they have acted after it during these months with statements with different messages, statements that have changed in the meantime.
Johanna Litter hope that Lars Idermarks departure could mean a new start for the bank, with a new chairman of the board and later also in a new external ceo that has confidence within the market. At the same time, she points out that it is not automatically going to be good again just for replacing the ceo and the board.
” What’s important now is that the bank is cooperating with the authorities, and that confidence among customers and shareholders. Then we have to wait on what the Swedish financial supervisory authority in Sweden and the Baltic countries will arrive in its report which is expected to be presented in October. But it is not so that a change of the ceo and chairman of the board leads to that there will be a lot of changes as if by magic. But I think for förtroendefrågan so, this may have been important, ” says Johanna Litter.
the news that the bank will call an extraordinary shareholders ‘ meeting, and according to Johanna Litter, it can mean more styrelseförändringar in the bank. What are the heads that can be the subject of scrolling longer until she wants to, however, not speculate.
– It remains to be seen. The nomination committee and the owners are sitting safely already and are thinking about which composition they would like to see, ” she says.
