Swedbank A

Earnings Release • Apr 25, 2024

Press Release

25 April 2024

Swedbank's Interim report for the first quarter 2024

Swedbank´s President and CEO Jens Henriksson comments: "Swedbank delivered a strong and sustainable result".

• A strong result with stable business volumes.
• Low credit impairments in a weak economy.
• New organisation strengthens service and offering for customers.

Financial information	Q1	Q4		01
SEKm	2024	2023	96	2023	ర్థిక
Total income	18 087	19 029	-5	17 387	4
Net interest income	12 599	13 329	-5	11 936	6
Net commission income	3 976	3 754	6	3 660	9
Net gains and losses on financial items	682	845	-19	916	-26
Other income1	831	1 101	-25	875	-5
Total expenses	6 185	6 411	-4	6 410	-4
of which administrative fines				890
Profit before impairments, bank taxes and resolution fees	11 902	12618	-6	10 977	8
Impairment of tangible and intangible assets		74	-100
Credit impairment	144	363	-60	777	-81
Bank taxes and resolution fees	1 104	1 102	0	518
Profit before tax	10 654	11 080	-4	9 681	10
Tax expense	226	2 758	-19	2 121	5
Profit for the period	8 428	8 321	1	7 560	11
Earnings per share, SEK, after dilution	7.47	7.38		6.71
Return on equity, %	16.9	16.9		17.0
C/I ratio	0.34	0.34		0.37
Common Equity Tier 1 capital ratio, %	19.3	19.0		18.3
Credit impairment ratio, %	0.03	0.08		0.16

Contact:

Annie Ho, Head of Investor Relations, +46 70 343 7815 Charlotte Nilsson, Press Communicator, +46 76 543 6612

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, 25 April 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