Swedbank A

Earnings Release • Jan 23, 2025

Swedbank's Year-end report 2024

Swedbank's Year-end report 2024

Swedbank's President and CEO Jens Henriksson comments: "Swedbank once again

delivers a strong result supported by timing effects."

· Income rose for the full-year

· The return on equity was 17.1 per cent for the full-year

· Strict cost control - the cost/income ratio for the full-year was 0.34

· Credit quality is solid

· Changed the Dividend Policy to between 60 and 70 per cent of the annual

profit

· Proposed dividend for 2024 of 21 kronor and 70 öre per share, corresponding

to 70 per cent of the profit

· New Investor Day before the summer

Financial information Q4 Q3 Full Full

-year -year

SEKm 2024 2024 % 2024 2023 %

Total income 18?634 19?146 -3 74?104 73?057 1

Net interest income  12?274  12?229  0  49?267  50?933  -3

Net commission income  4?285  4?286  0  16?716  15?088  11

Net gains and losses on 923  1?170  -21  3?687  2?938  25

financial items

Other income¹  1?152  1?461  -21  4?435  4?098  8

Total expenses 6?740 5?986 13 25?376 24?100 5

of which administrative 0  0  -12  0  887  -100

fines

Profit before impairments, 11?894 13?160 -10 48?728 48?957 0

bank taxes and resolution

fees

Impairment of tangible and 757  0  790  87

intangible assets

Credit impairments  -394  271  -268  1?674

Bank taxes and resolution 858  1?012  -15  4?019  3?574  12

fees

Profit before tax 10?673 11?876 -10 44?187 43?622 1

Tax expense  2?208  2?497  -12  9?320  9?492  -2

Profit for the period  8?465 9?379 -10 34?866 34?130 2

Earnings per share, SEK, 7.50  8.30  30.86  30.27

after dilution

Return on equity, %  15.8  18.4  17.1  18.3

C/I ratio  0.36  0.31  0.34  0.33

Common Equity Tier 1 capital 19.8  20.4  19.8  19.0

ratio, %

Credit impairment ratio, %  -0.08  0.06  -0.01  0.09

1) Other income includes the

items Net insurance, Share

of profit or loss of

associates and joint

ventures, and Other income

from the Group income

statement.

Contact:

Annie Ho (annie.ho@swedbank.com), Head of Investor Relations, +46 70 343 78 15

Charlotte Nilsson (charlotte.nilsson@swedbank.se), Press communicator, +46

76 534 66 12

This information constitutes inside information that Swedbank AB (publ.) is

obliged to make public pursuant to the EU Market Abuse Regulation (EU

no596/2014). The information was submitted for publication, through the agency

of the contact person set out above, January 23, 2025, at 07:00 CET.

Swedbank empowers the many people and businesses to create a better future. Our

vision is a financially sound and sustainable society. Swedbank Group is the

leading bank with over 7 million retail customers and 550 000 corporate

customers in our four home markets Sweden, Estonia, Latvia and Lithuania.

Swedbank Group is also present in other Nordic countries, the U.S. and China.

Together we make your financial life easier. Find out more: www.swedbank.com