Swedbank A

Interim report for the first quarter 2016

Swedbank´s President and CEO, Birgitte Bonnesen comments:

"Our strategy remains firm. We will continue to be an available full-service

bank with low risk for private and corporate customers in our four home

markets."

First quarter compared with fourth quarter 2015

Lower market interest rates weighed on net interest income

Increased lending volumes

Weak stock market produced lower commission income

Improved Treasury result

Good cost control

Low credit impairments

Strong capitalisation

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Swedbank AB (publ) shall make this information public in accordance to

Securities Market Act (2007:528), Act on Trading in Financial Instruments

(1991:980) and/or Nasdaq Stockholm's issuer rules. The information was submitted

for publication on 26 April 2016, at 07.00 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

600 000 corporate customers and organisations with 275 branches in Sweden and

144branches in the Baltic countries. The group is also present in other Nordic

countries, the US and China.

As of 31 December 2015 the group had total assets of SEK 2 149 billion. Read

more at www.swedbank.com

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