Swedbank A

Earnings Release • Jan 29, 2019

Swedbank's Year-end report 2018

Swedbank's Year-end report 2018

Swedbank's President and CEO Birgitte Bonnesen comments: "Despite increased

market uncertainty, Swedbank stayed the course and continued to deliver

solutions that add customer value."

Interim report for the fourth quarter 2018

Fourth quarter 2018 compared with third quarter 2018

· Increased mortgage volumes in Sweden and broad-based lending growth in the

Baltic region supported net interest income

· Negative stock market development weighed on net commission income

· Lower net gains and losses on financial items due to increased credit

spreads

· Costs in line with plan

· Good credit quality

· High capitalisation

· Proposed dividend per share of SEK 14.20 (13.00)

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1) Results from Q1 2018 and onwards reflect the adoption of IFRS 9 Financial

instruments and prior periods have not been restated. Refer to Note 1 for

further information.

2) 2017 results have been restated for changed presentation of commission

income. Refer to Note 1 for further information.

3) Includes income from sale of UC of SEK 677m in second quarter 2018.

4) Includes income from sale of Hemnet of SEK 680m in first quarter 2017.

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

associates, and Other income from the Group income statement.

6) 2018 (Q1 to Q3) and 2017 results have been restated for changed presentation

of tax related to associates. Refer to Note 1 for further information.

For more information, contact:

Gregori Karamouzis, Head of Investor Relations, tel +46 72 740 63 38

Josefine Uppling, Press Officer, tel +46 76 114 54 21

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 29 January, 2019 at 07.00 CET.

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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 191 branches in Sweden and

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

countries, the US and China. As of 30 September, 2018 the group had total assets

of SEK 2 461 billion.  Read more at www.swedbank.com