Swedbank A

Earnings Release • Jul 17, 2020

Swedbank's Interim report for the second quarter 2020

Swedbank's Interim report for the second quarter 2020

Swedbank's President and CEO Jens Henriksson comments:

"Swedbank posted a strong result in very uncertain times."

Second quarter 2020 compared with first quarter 2020:

. Higher net interest income due to higher business volumes

. Lower income from cards and asset management negatively affected net

commission income

. Positive net gains and losses on financial items due to positive valuation

effects and high customer activity

. Lower investigation related expenses due to Covid-19

. Lower provisions for expected credit impairments related to the effects of

Covid-19  . Solid capital and liquidity buffers

[image] For more information, contact:

Gregori Karamouzis, Head of Investor Relations, tel + 46 72 740 6338

Unni Jerndal, Press Officer, tel +46 73 092 1180

This announcement involves the disclosure of inside information

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

Regulation (EU) No 596/2014 on market abuse, the Swedish Securities Markets Act

(2007:528), the Swedish Financial Instruments Trading Act (1991:980) and the

regulatory framework of Nasdaq Stockholm. This information was sent to be

published on 17 July, 2020 at 07:00 CET.