Swedbank AB (publ) (SWEDA) Earnings Call Transcripts
Swedbank AB (publ)'s Latest Earnings Call - June 17, 2026
In the Q2 2026 earnings call for Swedbank AB, management highlighted a positive impact on net interest income (NII) due to an additional day in the quarter, resulting in approximately SEK 60 million per day. Revenue and earnings figures were not disclosed, but management noted that corporate lending in the Baltics grew by 15.4% year-on-year, indicating strong performance in that segment. Guidance for 2026 costs remains at SEK 27.5 billion, excluding extraordinary costs, signaling a focus on cost management amidst competitive pressures.
Reported metrics
| Metric | Value |
|---|---|
| Corporate Lending Growth | 15.4% (beat) |
| Net Interest Income Impact | SEK 60 million (positive) |
| Cost Guidance | SEK 27.5 billion (inline) |
| Retail Deposit Growth | SEK 37 billion (positive) |
| Corporate Deposit Decrease | SEK 38 billion (negative) |
| Mutual Fund Market Inflows | SEK 47 billion (positive) |
Guidance from management
Management maintained their cost guidance for 2026 at SEK 27.5 billion, excluding extraordinary costs, indicating a focus on cost control amidst competitive pressures.
What management said
Okay. It might have been on my end. Sorry, I can now hear you. Okay. Sorry. Let's go back. I think it was setting on my side. So please go ahead, Magnus. I think your sound is fine now.
Sure. So first of all, you have not missed any update on the IRB side. We will provide those as soon as we have any. And secondly, on day effect, it's around SEK 20 million a day affecting AUM. And now we try again, Sofie.
What analysts pressed on
Analysts expressed concerns regarding potential increases in corporate IRB risk weights in the Baltics and the implications of upcoming bank taxes related to the Swedish elections. There is uncertainty about how these factors could impact profitability and capital requirements.
Main topics on the call
- Net Interest Income Impact — Management indicated that the additional day in the quarter positively impacted NII by around SEK 60 million per day. They noted, "this results in around SEK 60 million per day on NII and around SEK 20 million per day on...
- Corporate Lending Growth — Swedbank's corporate lending in the Baltics increased by 15.4% year-on-year, reflecting strong demand. This growth is significant as it corresponds to a market share of 29%.
- Cost Guidance Maintenance — Management maintained their cost guidance for 2026 at SEK 27.5 billion, excluding extraordinary costs. They stated, "Our 2026 cost guidance is around SEK 27.5 billion, and that is excluding the SEK 1.3 billion extraordin...
- Deposit Rate Stability — Despite the ECB's rate hike, Swedbank has kept deposit rates unchanged, paying 0% on transaction accounts. This reflects a cautious approach in a competitive market.
Read the full Swedbank AB (publ) transcript (June 17, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Swedbank AB (publ)
Swedbank AB (publ) (SWEDA) is a publicly listed company in the Banks industry, within the Financials sector. It trades on OM and is based in SE. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 35 calls on record spanning January 28, 2020 to October 1, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 35 Swedbank AB (publ) earnings call transcripts on record, spanning January 28, 2020 to October 1, 2026. Based on this history, Swedbank AB (publ) reports quarterly. The most recent call on file is dated October 1, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- SWEDA
- Exchange
- OM
- Country
- SE
- Sector
- Financials
- Industry
- Banks
- Calls on record
- 35
- First call
- January 28, 2020
- Most recent
- October 1, 2026
- Reporting cadence
- quarterly