Swedbank A

Earnings Release • Oct 23, 2018

Swedbank's Interim report third quarter 2018

Swedbank's Interim report third quarter 2018

Swedbank's President and CEO Birgitte Bonnesen comments: "The latest quarter

again showed that we have a strong core business that contributes to stable

financial results."

Third quarter 2018 compared with second quarter 2018

· Continued lending growth strengthened net interest income

· Higher income from asset management and cards raised net commission income

· Lower other income due to the income from the sale of UC in the second

quarter

· Costs in line with expectations

· Good credit quality

· High capitalisation

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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.

For more information:

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

Josefine Uppling, Press Officer, Telephone +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 23 October 2018 at 7.00 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

618 000 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 June, 2018 the group had total assets of

SEK 2 646 billion.  Read more at www.swedbank.com