Swedbank A

Charlotte Elsnitz appointed new Head of Baltic Banking

Charlotte Elsnitz, currently CFO for the business area Baltic Banking, has today

been appointed new Head of Baltic Banking. In her new capacity, Charlotte

Elsnitz will also join Swedbank's Group Executive Committee.

Baltic Banking accounts for approximately one fifth of Swedbank's total

operating profit and has operations in all three Baltic countries.

- Charlotte's solid experience and strong managerial skills will make her a very

suitable Head of Baltic Banking and a much welcomed new member of the Group

Executive Committee. An important task for Charlotte will be to secure that our

Baltic operations continue to deliver according to Swedbank's strategy and to

further align our Baltic operation with the rest of the Group, says Birgitte

Bonnesen, President and CEO of Swedbank.

Charlotte Elsnitz has worked for Swedbank since 2007, and has had several

different managerial positions prior to joining her current role as CFO of

Baltic Banking. Before joining the bank, she was Head of the Capital Unit at the

Swedish Financial Supervisory Authority.

The current Head of Baltic Banking, Priit Perens, will move on to a senior

position in Group Credit, thereby securing strong representation of Baltic

competence in Group Credit.

For further information:

Josefine Uppling, Group Press Officer, Swedbank, 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 30 June 2017 at 8 am CET.

Swedbank promotes a sound and sustainable financial situation for the many

people, households and companies. Our vision is to contribute to development

"Beyond Financial Growth". 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

650 000 corporate customers and organisations with 241 branches in Sweden

and 141 branches in the Baltic countries. The group is also present in other

Nordic countries, the US and China. As of 31 March 2017 the group had total

assets of SEK 2 488 billion.

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