Swedbank A

Annual / Quarterly Financial Statement • Jan 31, 2023

National Storage Mechanism | Additional information

RNS Number : 3806O

Swedbank AB

31 January 2023

Press Release

January 31, 2023

Swedbank's Year-end report 2022

Swedbank´s President and CEO Jens Henriksson comments: "Swedbank will have a sustainable return on equity of 15 per cent".

·    Strong result with growing net interest income during the year

·    Good credit quality

·    Business priorities and financial plan for sustainable profitability announced

·    Adjusted risk exposure amount - capital buffer decreases to 3.4 per cent

·    Proposed dividend of SEK 9.75 per share

http://www.rns-pdf.londonstockexchange.com/rns/3806O_1-2023-1-31.pdf

Financial information	Q4	Q3		Full-year	Full-year¹
SEKm	2022	2022	%	2022	2021	%
Total income	16 124	14 030	15	53 221	47 681	12
Net interest income	10 921	8 360	31	33 157	27 048	23
Net commission income	3 448	3 643	-5	14 223	14 853	-4
Net gains and losses on financial items	763	945	-19	1 887	2 048	-8
Other income²	992	1 082	-8	3 954	3 732	6
Total expenses	5 750	5 329	8	21 415	20 847	3
Profit before impairments, Swedish bank tax and resolution fees	10 373	8 701	19	31 806	26 834	19
Impairment of intangible and tangible assets	684	453	51	1 137	56
Credit impairment	679	602	13	1 479	170
Swedish bank tax and resolution fees³	439	466	-6	1 831	791
Profit before tax	8 571	7 180	19	27 358	25 817	6
Tax expense	1 759	1 439	22	5 478	4 945	11
Profit for the period	6 812	5 741	19	21 880	20 872	5
Profit for the period attributable to: Shareholders of Swedbank AB	6 813	5 737	19	21 877	20 871	5
Earnings per share, SEK, after dilution	6.05	5.10		19.43	18.56
Return on equity, %	15.8	13.9		13.3	13.2
C/I ratio	0.36	0.38		0.40	0.44
Common Equity Tier 1 capital ratio, %	17.8	18.5		17.8	18.3
Credit impairment ratio, %	0.14	0.13		0.08	0.01
1) Presentation of the Income statement has been changed, see note 28.
2) 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.
3) The Swedish Bank tax (Risk tax on credit institutions) was introduced from 1 January 2022.

Contact:

Annie Ho                                                                        Unni Jerndal

Head of Investor Relations                                            Senior Advisor

annie.ho@swedbank.com                                             unni.jerndal@swedbank.com

+46 70 343 7815                                                            +46 73 092 1180

This disclosure contains information that Swedbank is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on January 31, 2023, at 07:00 CET.

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