Swedbank A

Quarterly Report • Apr 28, 2022

Swedbank's Interim report for the first quarter 2022

Swedbank's Interim report for the first quarter 2022

Swedbank´s President and CEO Jens Henriksson comments: "In these turbulent

times, Swedbank stands strong".

First quarter 2022 compared with fourth quarter 2021

· Higher corporate lending and slight increase in net interest income

· Market turbulence negatively affected net commission income and net gains

and losses on financial items

· Low exposure to Russia, Belarus and Ukraine

· Continued good credit quality and low credit impairments

· Dividend of SEK 11.25 per share including special dividend approved by the

Annual General Meeting - continued strong capitalisation

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1) Presentation of the Income statement has been changed, see note 28.

2) Other income includes the items Net insurance, Share of profit or loss of

associates and joint ventures and Other income from the Group income statement.

3) The Swedish bank tax (risk tax on credit institutions) came into force on 1

January 2022.

Contact:

Annie Ho, Head of Investor Relations, annie.ho@swedbank.com, +46 70 343 7815

Unni Jerndal, Senior Advisor, unni.jerndal@swedbank.com, +46 73 092 1180

This disclosure contains information that Swedbank is obliged to make public

pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish

Securities Markets Act (2007:528). The information was submitted for

publication, through the agency of the contact person, on April 28, 2022, at

07:00 CET.

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