Swedbank A

Changes within Swedish Banking in Swedbank

Birgitte Bonnesen, CEO of Swedbank, has decided to implement an organisational

change within the Swedish Banking business area, and will until further notice

take on the role of Head of Swedish Banking.

Christer Trägårdh, currently Head of Swedish Banking, will in connection with

the change take on a role as Deputy Group Credit Officer, with special

responsibility for developing future-oriented credit processes.

"With our private and corporate customers in focus, Christer has contributed to

creating Sweden's leading digital bank with a physical presence. Now we are

entering the next phase of transforming the bank and continuing the process of

creating a uniform customer experience regardless of channel. That is why I have

decided to take on a greater responsibility of my own for our largest business

area, Swedish Banking," says Birgitte Bonnesen, President and CEO Swedbank.

Effective immediately, Swedish Banking will be organised according to the

following areas: Sales & Service; Segment Management Private & Small Corporates;

Segment Management Corporates; and Business Development Lending. The Sales &

Service area will include the Swedish branches and Contact Center.

"In a time of rapid change, it is more important than ever to ensure that we

develop in a customer-centric way. With a focus on customer service, proactivity

and strong distribution regardless of channel, we are taking an important step

forward in our Swedish retail operations," says Birgitte Bonnesen.

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 22 January, 2019 at 8.00 CET.

For more information:

Gabriel Francke Rodau, Head of Group Communication, Swedbank, tel +46 70 144 89

[image]

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

AI Terminal