Swedbank A

Capital/Financing Update • Sep 30, 2022

SREP 2022 decision from the Swedish FSA

SREP 2022 decision from the Swedish FSA

Swedbank AB has been informed by the Swedish Financial Supervisory Authority

("SFSA") of its decision regarding the prudential capital requirements and

guidance to be maintained from 30 September 2022, following the 2022 Supervisory

Review and Evaluation Process ("SREP").

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SREP decision on P2R and P2G 2022 2022 2021 2021

CET1 Total CET1 Total

Pillar 2 Requirement (P2R)[1] 1.49% 2.27% 1.17% 1.73%

Pillar 2 Guidance P2G)[1] 1.00% 1.00% 1.50% 1.50%

Total Pillar 2[1] 2.49% 3.27% 2.67% 3.23%

Pillar 2 Guidance leverage ratio[2] 0.45% 0.45%

According to the SFSA's decision, Swedbank's capital requirement for the

consolidated situation including P2G is 17.81% for the Total capital ratio and

13.53% for the Common Equity Tier1 ("CET1") capital ratio. This is excluding the

impending increase of the countercyclical buffer rate on Swedish exposures.

In comparison, as of the end of second quarter 2022, Swedbank reported a CET1

capital ratio of 18.3% and 21.8% regarding Total capital ratio.

Contact:

Annie Ho, Head of Investor Relations, telephone +46 70 343 78 15

Hannes Mård, Communication Manager, telephone +46 73 057 41 95

[1 ]As per cent of Risk-weighted exposure amount (REA).

[2 ]As per cent of Total exposure measure for leverage ratio (LRE).

Swedbank encourages a sound and sustainable financial situation for the many

households and businesses. As a leading bank in our home markets of Sweden,

Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial

services and products. Swedbank has over 7 million retail customers and around

600 000 corporate customers and organisations with 154 branches in Sweden and 80

branches in the Baltic countries. The group is also present in other Nordic

countries, the US and China. Read more at www.swedbank.com