Swedbank A

Earnings Release • Jul 16, 2024

16 July 2024

Swedbank's Interim report for the second quarter 2024

Swedbank´s President and CEO Jens Henriksson comments: "We create value for our customers and shareholders".

• Strong profitability and high cost efficiency
• Solid credit quality with recoveries during the quarter
• Leading position in mortgages

Financial information	Q2	Q1		Jan-Jun	Jan-Jun
SEKm	2024	2024	ഴി	2024	2023	08
Total income	18 237	18 087	1	36 324	35 260	2
Net interest income	12 165	12 599	-3	24 764	24 704	0
Net commission income	4 169	3 976	5	8 145	7 472	9
Net gains and losses on financial items	911	682	34	1 593	1 441	11
Other income1	991	831	19	1 822	1 944	-6
Total expenses	6 465	6 185	5	12 650	12 127	4
of which administrative fines					887
Profit before impairments, bank taxes and resolution fees	11 772	11 902	-1	23 674	23 433	1
Impairment of tangible and intangible assets	32			32	11
Credit impairment	-289	144		-145	965
Bank taxes and resolution fees	1 045	1 104	-5	2 149	1 362	58
Profit before tax	10 983	10 654	3	21 637	21 095	3
Tax expense	2 388	226	7	4614	4 412	5
Profit for the period	8 595	8 428	2	17 023	16 683	2
Earnings per share, SEK, after dilution	7.61	7.47		15.08	14.80
Return on equity, %	17.5	16.9		17.1	18.6
C/I ratio	0.35	0.34		0.35	0.34
Common Equity Tier 1 capital ratio, %	20.1	19.3		20.1	18.6
Credit impairment ratio, %	-0.06	0.03		-0.01	0.10

Contact:

Annie Ho, Head of Investor Relations, +46 70 343 78 15 Hannes Mård, Media Relations Manager, +46 73 057 41 95

This information constitutes inside information that Swedbank is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person set out above, 16 July 2024, at 07:00 CEST.

Swedbank empowers the many people and businesses to create a better future. Our vision is a financially sound and sustainable society. Swedbank Group is the leading bank with over 7 million retail customers and 550 000 corporate customers in our four home markets: Sweden, Estonia, Latvia and Lithuania. Swedbank Group is also present in other Nordic countries, the U.S. and China. Together we make your financial life easier. Find out more: www.swedbank.com