Swedbank A

Earnings Release • Jul 19, 2022

National Storage Mechanism | Additional information

RNS Number : 9425S

Swedbank AB

19 July 2022

Press Release

July 19, 2022

Swedbank's Interim report for the second quarter 2022

Swedbank´s President and CEO Jens Henriksson comments:

"Improved profit with rising net interest income"

Second quarter 2022 compared with first quarter 2022

·    Balanced growth in private and corporate lending

·    Second-highest net interest income to date                               

positively impacted by interest rate hikes

·    Stable net commission income due to higher income from cards

·    Good credit quality and low credit impairments

·    Rating upgrade from Fitch to AA- on 1 July

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) came into force on 1 January 2022.

Swedbank AB Q2 2022 as PDF: http://www.rns-pdf.londonstockexchange.com/rns/9425S_1-2022-7-19.pdf

Contact:

Annie Ho, Head of Investor Relations, annie.ho@swedbank.com, +46 70 343 7815  

Unni Jerndal, Senior Advisor, unni.jerndal@swedbank.com, +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 July 19, 2022, 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 is the leading bank with over 7 million retail customers and 600 000 corporate customers in our four home markets Sweden, Estonia, Latvia and Lithuania. Swedbank 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

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