Q1 2020 Swedbank AB Earnings Call Transcript
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.
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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?
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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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