Core Viewpoint - Swedbank's Q1 2026 Pre-close Call highlights the impact of fewer days in the quarter on net interest income (NII) and net commission income (NCI), along with macroeconomic indicators and currency fluctuations affecting financial performance [1][2]. Group 1: Financial Performance - The quarter had 2 days less compared to the previous quarter, negatively impacting NII by approximately SEK 50 million per day and NCI by around SEK 20 million per day [2]. - The average quarter-on-quarter development is emphasized as the relevant metric for tracking P&L performance [2]. Group 2: Currency and Economic Indicators - The Swedish krona depreciated against the U.S. dollar and euro by the end of March, but appreciated on average quarter-to-date compared to the previous quarter [2]. - The Riksbank policy rate remained unchanged at 1.75%, while the European Central Bank (ECB) also kept its policy rate steady at 2% during the quarter [3].