Swedbank A

Swedbank's Interim report for the second quarter 2019

Swedbank's Acting President and CEO Anders Karlsson comments: "Despite global

uncertainty, we saw increased customer activity in all our home markets in the

quarter."

Second quarter 2019 compared with first quarter 2019

· Higher loan volumes and a lower resolution fund fee positively affected net

interest income

· Increased card usage and higher asset management valuations strengthened net

commission income

· More normal market conditions resulted in lower net gains and losses on

financial items

· Increased consulting expenses due to investigations

· Good credit quality

· Dividend pay-out policy adjusted to 50 per cent of annual profit

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1) 2018 (Q1 and Q2) results have been restated for changed presentation of tax

related to associates.

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

associates, and Other income from the Group income statement.

For further information, contact:

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

Unni Jerndal, Press Officer, tel +46 73 0921180

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, 2019 at 07:00 CET.

Swedbank encourages a sound and sustainable financial situation for the many

households and businesses. As a leading bank in the 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 180 branches in Sweden and

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

countries, the US and China. As of 31 March, 2019 the group had total assets of

SEK 2 246 billion. Read more at www.swedbank.com

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