Swedbank AB (LTS:0H6T)
kr 221.5 5.55 (2.57%) Market Cap: 247.56 Bil Enterprise Value: 888.48 Bil PE Ratio: 7.03 PB Ratio: 1.28 GF Score: 73/100

Q1 2020 Swedbank AB Earnings Call Transcript

Apr 23, 2020 / 06:00AM GMT
Operator

Ladies and gentlemen, welcome to the Swedbank First Quarter Report 2020. (Operator Instructions)

Today, I am pleased to present Gregori Karamouzis, Head of IR. Please begin.

Gregori Karamouzis;publ;Head of IR
Swedbank AB

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Thank you. Good morning, everyone, and thank you for joining us on this presentation of Swedbank's Q1 result for 2020. With me in the room, I have our CEO, Jens Henriksson; our CFO, Anders Karlsson; and our Chief Risk Officer -- or Chief Credit Officer, Lars-Erik Danielsson.

After their introductory remarks, we'll open up for questions. Jens, please?

Jens Henriksson;publ;President;CEO
Swedbank AB

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Thank you, Gregori, and good morning to everyone. We are now seeing the consequences for the economy for -- of the corona crisis. And let's be totally honest, a global recession is coming, and IMF is calling it the great lockdown. But unlike the subprime crisis of 2007 and 2008, this time the

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