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Site: swedbank.com (Swedbank Home)
The Swedish PMI climbs to 36.7 in March - nevertheless, the decline in industry continues Swedbank today presents its interim report for January through March 2009. The result is impacted by the global economic downturn and includes significant provisions for loan losses and impairment... moreof goodwill in the Ukrainian operation. The underlying profitability is still good. To meet the worsening times, Swedbank has implemented a number of powerful actions to secure future earnings generation. Swedbank reports a loss for the first quarter of SEK3.4 bn. Primarily significant provisions to meet future loan losses and a write-off of intangible assets in the Ukrainian operation weighs on the result
Hosting company: Swedish Saving Banks
Tags: Business, Service, Bank, Net, Economic Downturn, Extra, Swedbank
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