Swedbank A

Swedbanks´s Interim report third quarter 2020

Swedbank´s President and CEO Jens Henriksson comments: "Swedbank delivered

another strong quarter in uncertain times"

Third quarter 2020 compared with second quarter 2020

· Lower net interest income due to lower market rates

· Stronger income from cards and asset management positively affected net

commission income

· Stabilised net gains and losses on financial items after a volatile first

half of the year

· Low investigation-related expenses due to Covid-19

· Lower provisions for potential credit impairments related to the effects of

Covid-19

· Solid capital and liquidity buffers

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1) 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.

Contact:

Annie Ho

Unni Jerndal

Head of Investor Relations Head of

Group Press Office

+46 70 343 7815 +46

73 092 1180

Swedbank AB (publ) is required to disclose this information pursuant to the

Swedish Securities Markets Act (2007:528), the Swedish Financial Instruments

Trading Act (1991:980) and/or the regulatory framework of Nasdaq Stockholm).

This information was sent to be published on 20 October at 07:00 CET.

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 160 branches in Sweden and 92

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

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

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