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PHOTO FILE: A Swedbank sign is visible on the building of the Lithuanian bank headquarters in Vilnius, Lithuania, on March 30, 2019. REUTERS / Ints Kalnins / File Photo
STOCKHOLM (Reuters) – Lars Idermark has decided to immediately step down as president of Swedbank, the bank said in a statement on Friday.
Swedbank is involved in a growing money-laundering scandal involving Danske Bank, which revealed last year that its Estonian branch had been used to transfer 230 billion euros in suspicious payments between 2007 and 2015 .
"I concluded that media attention was not compatible with my role as CEO at Sodra," Idermark said in a statement issued by the bank.
"Therefore, I decided that the best alternative was to immediately leave the position of chairman of the board of Swedbank."
Reporting by Helena Soderpalm; edited by Johannes Hellstrom
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