Swedbank A

Earnings Release • Oct 27, 2022

National Storage Mechanism | Additional information

RNS Number : 3089E

Swedbank AB

27 October 2022

Press Release

October 27, 2022

Swedbank's Interim report for the third quarter 2022

Swedbank´s President and CEO Jens Henriksson comments: "In this turbulent time Swedbank stands strong".

Third quarter 2022 compared with second quarter 2022

·    Strong net interest income with higher net interest margin and volume growth

·    Slightly increasing net commission income with higher card income and stable asset management income

·    Higher credit impairments due to weaker macroeconomic outlook

·    Impairment of goodwill in Norway and software

·    First Nordic bank with a new sustainable funding framework including social assets

http://www.rns-pdf.londonstockexchange.com/rns/3089E_1-2022-10-27.pdf 

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 October 27, 2022, at 07:00 CET.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

QRTMRBATMTMTMMT