Swedbank Q3 2018 earnings

Speaking to CNBC Tuesday, Bonnesen fended off any similarities to its competitor Danske Bank, which was recently caught up in a money laundering scandal. The latter reportedly allowed 0 billion euros to flow through its Estonian branch between 2007 as well as also 2015, most of which was deemed to be suspicious.

“The important thing in This particular money-laundering case, that will we see one of our competitors had in Estonia, is usually the fact that will Swedbank is usually completely different,” Bonnesen told CNBC’s “Squawk Box Europe”.

“We run a retail bank in four countries, we focus on domestic corporates, domestic-private individuals as well as also that will is usually a completely different set up. I also think there is usually a difference from the fact that will we are a low-risk bank,” she said.

Swedbank shares rose by over 1 percent in early morning trade.

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