Swedbank A

Report Publication Announcement • Jan 22, 2025

National Storage Mechanism | Additional information

RNS Number : 3573U

Swedbank AB

22 January 2025

Press Release

22 January 2025

Swedbank changes dividend policy

Swedbank's Board of Directors has decided to change the dividend policy to shareholders from 50 percent to 60-70 percent of the annual profit.

" Swedbank has since 2019 had a lower dividend policy to strengthen the bank's capital position. Now it is time for our owners such as Savings banks, retail investors, pension funds and foundations to once again get an increased part of the earnings. Today, we have therefore decided to change the dividend policy," says Göran Persson, Chairman of the Board, Swedbank.

"While we have no new information on the U.S. investigations, we cannot continuously build capital. The board's decision to change the dividend policy enables us to both develop the bank for our customers and also grow lending as the business environment changes, while we ensure a continued strong capital position," says Jens Henriksson, CEO and President, Swedbank.   

Tomorrow, 23 January, Swedbank publishes its year-end 2024 report and the proposed dividend for 2024.

Contact:

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

Charlotte Nilsson , Press Communicator, tel. +46 76 345 66 12

This information constitutes inside information that Swedbank AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (EU no 596/2014). The information was submitted for publication, through the agency of the contact person set out above, 22 January 2025, at 18:32 [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

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