Swedbank A

Earnings Release • Oct 26, 2023

October 26 2023

Swedbank's Interim report for the third quarter 2023

Swedbank´s President and CEO Jens Henriksson comments: "Another strong result in a weaker economy".

• Slightly higher income in the quarter stable volumes
• Lower expenses cost/income ratio 0.30
• Solid credit quality despite weaker macroeconomic outlook and ratings migration
• Strong capitalisation and strong liquidity
• Swedbank issued first ever social bond by a Nordic bank
• Swedbank establishes the Institute for Financial Health to promote financial literacy

Financial information	Q 3	Q2			Jan-Sep Jan-Sep1
SEKm	2023	2023	$\%$	2023	2022	%
Total income	18 4 68	18 173	$\overline{2}$	54 028	36 080	50
Net interest income	12 901	12768	1	37 605	22 2 28	69
Net commission income	3862	3811	1	11 3 34	10 692	6
Net gains and losses on financial items	652	524	24	2093	1 1 7 6	78
Other income 2	1053	1069	$-2$	2997	1984	51
Total expenses	5 5 6 2	5717	$-3$	17 689	15 215	16
of which administrative fines		$-3$		887
Profit before impairments, bank taxes and resolution fees	12 906	12 456	4	36 339	20 865	74
Impairment of intangible and tangible assets	2	11		13	453	$-97$
Credit impairment	347	188	85	1 3 1 1	800	64
Bank taxes and resolution fees	1 1 1 0	844	32	2472	1 3 9 2	78
Profit before tax	11 447	11 414	$\bf{0}$	32 542	18 2 20	79
Tax expense	2 3 2 1	2 2 9 1	1	6734	3640	85
Profit for the period	9 1 2 5	9 1 2 3	$\bf{0}$	25 808	14 580	77
Earnings per share, SEK, after dilution	8.09	8.09		22.90	12.95
Return on equity, %	19.3	20.4		18.9	12.0
C/I ratio	0.30	0.31		0.33	0.42
Common Equity Tier 1 capital ratio, %	18.7	18.6		18.7	18.5
Credit impairment ratio, %	0.07	0.04		0.09	0.06

Contact:

Annie Ho, Head of Investor Relations, +46 70 343 7815 Unni Jerndal, Senior Advisor, +46 73 092 1180

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, October 26 2023, 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