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Swedbank appoints new Head of business area Large Corporates and Institutions

Bo Bengtsson has been appointed Head of Large Corporates and Institutions (LC&I)

and will become a member of Swedbank's Group Executive Committee as of 1 March

Bo Bengtsson is an experienced bank executive and has held positions as CEO of

three savings banks of which six years as the CEO of Sparbanken Skåne - the

largest savings bank in Sweden. He also holds extensive experience from serving

on different boards of directors, among them as member of Swedbank's Board of

Directors.

"Swedbank will grow the midsize corporate segment business which is an important

cornerstone of reaching our ambition of 15 per cent return on equity in 2025. Bo

Bengtsson has the right profile and background to deliver on that ambition. And

I warmly welcome him," says Jens Henriksson, President and CEO of Swedbank.

Bo Bengtsson leaves Swedbank's Board of Directors as of today and will take up

his new position on 1 March 2023.

"Swedbank has a clear objective to grow its corporate business. I look forward

to contributing to the development of it in Large Corporates and Institutions,"

says Bo Bengtsson.

Contact:

Annie Ho

Unni Jerndal

Head of Investor Relations

Senior Advisor

+46 70 343 7815

+46 73 092 1180

Swedbank empowers the many people and businesses to create a better future. Our

vision is a financially sound and sustainable society. Swedbank is the leading

bank with over 7 million retail customers and 600 000 corporate customers in our

four home markets Sweden, Estonia, Latvia and Lithuania. Swedbank 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

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