Swedbank A

Earnings Release • Feb 1, 2021

National Storage Mechanism | Additional information

RNS Number : 5063N

Swedbank AB

01 February 2021

Press Release

February 1, 2021

Swedbank's Year-end report 2020

Swedbank's President and CEO Jens Henriksson comments: "A stable quarter in difficult times".

Fourth quarter 2020 compared with third quarter 2020

·      Stable underlying net interest income

·      Improved asset management result positively affected net commission income

·      Expenses for the full year according to plan

·      Low credit impairments and strong capitalisation

·      Dividend of SEK 4.35 per share proposed for 2019 and SEK 2.90 per share for 2020

http://www.rns-pdf.londonstockexchange.com/rns/5063N_1-2021-2-1.pdf

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.

For further information:

Annie Ho, Head of Investor Relations, +46 70 343 78 15

Unni Jerndal, Head of Press Office, +46 73 092 11 80

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 February 1, 2021 at 07:00 CET.

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